Instruction of insurance committee to give monopoly to indigenous reinsurance company

9 Manseer, Kathmandu. Regulatory body Insurance Committee has given new instructions by directly interfering in reinsurance of insurance companies. The committee has directed the insurance companies to undertake reinsurance only in Nepal Reinsurance and Himalayan Reinsurance which are being prepared for operation. Insurance companies insure their customers. Insurance companies have to reinsure that insurance without… Continue reading Instruction of insurance committee to give monopoly to indigenous reinsurance company

Government preparing to distribute license of new insurance company again

17 October, Kathmandu. The five-party coalition government has started preparations to allow new insurance companies to operate on the basis of allocation. Sources claim that the insurance committee has started the process of adding at least 10 new companies. After getting the information about the start of preparation of operating permission, the insurance committee has… Continue reading Government preparing to distribute license of new insurance company again

Preparation for merger of two insurance coverage firms, dialogue on swap ratio

August 9, Kathmandu. Further talks have began between Sagarmatha Insurance Company and Himalayan General Insurance Company on the problem of merger. Although each the events have agreed to the merger, there isn’t a settlement on the swap ratio. According to sources, on July 8, a proper settlement was signed between the operators of the 2… Continue reading Preparation for merger of two insurance coverage firms, dialogue on swap ratio

Insurance company did not allow lending to agents, directed to increase investment of 8 billion rupees

April 5, Kathmandu. Life insurance companies are no longer allowed to lend to agents. The Insurance Committee has directed the insurance companies to immediately close the companies investing loans on the basis of insuring them. The insurance committee has said that 19 life insurance companies operating in the country have been instructed not to invest… Continue reading Insurance company did not allow lending to agents, directed to increase investment of 8 billion rupees