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Tag Archives: insurance

Insurance Pool to be converted into reinsurance company

The country is soon going to get a reinsurance company. After the Cabinet today permitted Insurance Pool to convert into a reinsurance company, the pool will start the legal process to convert itself into a reinsurance company. The government move

CIAA asks Rastriya Beema Sansthan to recover perks given to staff

The anti-graft body has asked Rastriya Beema Sansthan to recover Rs 80.35 million perks and and benefits awarded to its staffers illegally. Commission for Investigation of Abuse of Authority (CIAA) today directed Rastriya Beema Sansthan – for the second time

Government finally decides to split Rastriya Beema Sansthan

The government has finally decided to split life and non-life business of Rastriya Beema Sansthan (RBS), after a long discussion. Though the insurance regulator had issued the directive to split life and non-life business long ago, the state-owned insurer had

Everest Insurance resumes stock trading

After seven months, Everest Insurance Company is back to the stock exchange from today as its 1,000 units of shares were traded in a single transaction at Rs 215 per unit at the Nepal Stock Exchange (Nepse). Nepse had suspended

Kathmandu to host third SAARC Insurance Forum

Third SAARC Insurance Regulators meet will be held in Kathmandu. Chairman of the Insurance Board Dr Fatta Bahadur K C has proposed to hold the next meeting of SAARC Insurance Regulators in Kathmandu during the two day meeting – that

Second SAARC insurance regulators meet on Monday

KARACHI: Securities and Exchange Commission of Pakistan is hosting second South Asian Association for Regional Cooperation (SAARC) insurance regulators meet and international conference on April 14-16. Aimed at developing a sound, stable and inclusive financial sector across the entire SAARC

Lowest insurance premium for bank business fixed at 2.75 per cent

Insurance Board directed non-life insurance companies to charge a premium of at least 2.75 per cent, when insuring the business of banks. The insurance market regulator had fixed the minimum rate and amended the Banker’s Indemnity Policy to shield insurance

SAARC insurance conference next month

Securities and Exchange Commission of Pakistan is going to host the second SAARC insurance regulators’ meet and international conference at Movenpick hotel on April 14-16. With the theme ‘Local to Global’, the conference will be participated by nearly 400 experts

Appellate Court stays Insurance Board’s directive to slash agent fee

Patan Appellate Court has stayed Insurance Board’s reduction of commission rate for non-life insurance agents until final verdict. The board had slashed slashed the commission of non-life insurance agents by one-third in January to be effected from mid-January. But the

Insurance Board to handover Everest Insurance management after electing new board

Insurance Board led team is handing over the management of Everest Insurance after holding election of board of directors on February 13. The insurance market regulator – for the first time – had earlier taken over the management of Everest

Insurance Board reduces insurance premium for private vehicles

Insurance Board has reduced the insurance premium rates for private vehicles. According to the Board, the premium rate for private vehicles has been slashed by 25 per cent for vehicles valued at less than Rs 2 million and those valued

Majority of brokers out of insurance cover, fire guts a broker office

Though the Securities Act 2063 BS has made it mandatory for a broker to insure office, majority of the brokers have been out of insurance cover exposing their investors’ stocks and records to fire and natural calamities. Yesterday morning, the