KATHMANDU, May 12: Three life insurance companies—Prime Life, Union Life and Gurans Life—signed an agreement for merger on Thursday. Provided the merging of these insurers is materialized, it will be the first merger in the life insurance business of the country.

KATHMANDU, April 26: Most of the insurance companies have sought to issue right shares in order to raise their capital base that has been made mandatory by the Insurance Board (IB).

KATHMANDU, April 1: The Insurance Board (IB) has asked the insurers to either increase their capital base or go into a merger if they fail to do so.

KATHMANDU, Jan 31: A total of 17 companies have applied at the Insurance Board to receive operating licenses of insurers.

KATHMANDU, Jan 28:  The Insurance Board (IB) is making the insurers maintain a ‘risk-based capital’ by 2024.

KATHMANDU, Jan 12: The Insurance Board (IB) has barred the non-life insurance companies from distributing cash dividends to their shareholders this year, citing the large amounts of insurance claims that the companies are yet to settle.