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Millions flow abroad annually for actuarial valuation as Nepal fails to produce insurance actuaries

KATHMANDU: Despite a legal mandate under the Insurance Act 2022 (2079 BS) requiring every insurance company in Nepal to conduct annual actuarial valuation, the country still does not have a single licensed actuary. As a result, millions of rupees continue to flow abroad each year to pay foreign experts,...

Millions flow abroad annually for actuarial valuation as Nepal fails to produce insurance actuaries
Rastriya Beema Company proposes ownership restructuring to expand public shareholding

Rastriya Beema Company proposes ownership restructuring to expand public shareholding

Protective Micro Insurance earns 79.57pc higher profit in lalst FY amid surging insurance premium collection

Protective Micro Insurance earns 79.57pc higher profit in lalst FY amid surging insurance premium collection

Nepal Life becomes first life insurer to win Silver Award for best annual report

Nepal Life becomes first life insurer to win Silver Award for best annual report

Rasuwagadhi-Kyirong flood triggers Rs 290 mln insurance claims across 9 companies

Rasuwagadhi-Kyirong flood triggers Rs 290 mln insurance claims across 9 companies

Insurance Authority directs Life Insurers to include all premium types in business targets

Insurance Authority directs Life Insurers to include all premium types in business targets

Earthquake, flood, fire? Rs 5,000 is all you need to protect a Rs 10 million home

Earthquake, flood, fire? Rs 5,000 is all you need to protect a Rs 10 million home

Himalayan Everest Insurance wins two prestigious international awards, Enhancing Nepal’s global insurance reputation

Himalayan Everest Insurance wins two prestigious international awards, Enhancing Nepal’s global insurance reputation

Insurance coverage reaches 47.95pc in Nepal, Annual business nears Rs 200 billion in 11 months

Insurance coverage reaches 47.95pc in Nepal, Annual business nears Rs 200 billion in 11 months

Nepal’s life insurance industry hits NPR 154 billion in premiums, boosting growth

Nepal’s life insurance industry hits NPR 154 billion in premiums, boosting growth

Prabhu Insurance proposes 18.94% dividend for FY 2023-24

Prabhu Insurance proposes 18.94% dividend for FY 2023-24

United Ajod Insurance calls 31st AGM to approve dividend and rights issue

United Ajod Insurance calls 31st AGM to approve dividend and rights issue

Asian Life Insurance calls 17th AGM to approve dividend proposal

Asian Life Insurance calls 17th AGM to approve dividend proposal

IME Life Insurance partners with Aama Hospital to offer 50pc discount for stakeholders

IME Life Insurance partners with Aama Hospital to offer 50pc discount for stakeholders

Nepal’s Life Insurance sector sees 14.84pc growth in first 10 months of current FY

Nepal’s Life Insurance sector sees 14.84pc growth in first 10 months of current FY

Life Insurance companies report Rs 4.88 bn profit in Q3, up 11.93 pc

Life Insurance companies report Rs 4.88 bn profit in Q3, up 11.93 pc

Non-life insurance sector sees sharp profit decline in Q3

Non-life insurance sector sees sharp profit decline in Q3

Chaudhary Group’s insurance fraud exposed: Supreme Court orders Rs 40 million repayment after decade-long scandal

Chaudhary Group’s insurance fraud exposed: Supreme Court orders Rs 40 million repayment after decade-long scandal

Sharad Ojha appointed as chairman of Nepal Insurance Authority

Sharad Ojha appointed as chairman of Nepal Insurance Authority

Siddhartha Premier Insurance announces 30pc cash dividend for shareholders

Siddhartha Premier Insurance announces 30pc cash dividend for shareholders

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