Nepal Reinsurance Company Limited

Nepal Reinsurance Company Limited (NEPSE: NRIC) is Nepal's national reinsurer and the country's first reinsurance company. Incorporated on November 7, 2014, as successor to the Insurance Pool established in 2003, it operates under a public-private partnership model with the Government of Nepal holding approximately 44% equity stake. The company provides reinsurance capacity across three primary segments: domestic non-life business, international non-life business, and life business, serving 14 partners in each life and non-life category. Internationally, Nepal Re offers treaty reinsurance support in 13 countries and facultative reinsurance services in 32 countries, backed by retrocession arrangements with major global reinsurers. The company holds ISO 9001:2015 certification. In 2026, following significant catastrophic events, ICRA Nepal downgraded its issuer rating to A-. The company is headquartered in Kathmandu, Nepal.

Key Facts

International Presence

Treaty support in 13 countries; facultative reinsurance in 32 countries

Partnership Model

Government of Nepal holds ~44%, non-life insurers ~27%, others 29%

ICRA Rating

ICRA NP-IR A- (downgraded September 2026 due to flood claims)

Certification

ISO 9001:2015 certified

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