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Machhapuchchhre School in Lalitpur receives approval from IB World School to run PYP
August 20, 2022 19:43 pm
KATHMANDU, August 20: Machhapuchchhre School in Lalitpur has received official approval of the International Baccalaureate (IB) World School to run IB Primary Years Program (PYP).
IB issues reinsurance broking licenses to 10 firms
August 11, 2022 18:59 pm
KATHMANDU, August 11: The Insurance Board (IB) has provided 10 companies with licenses to conduct reinsurance brokerage.
IB directs insurance companies to maintain real time transaction data from new fiscal year, companies say not possible
July 11, 2022 06:25 am
KATHMANDU, July 11: The Insurance Board (IB) has directed the Nepali insurance companies to maintain real time transaction data from the next fiscal year.
Nepali life-insurers can now get reinsured fully from domestic companies
July 3, 2022 06:25 am
KATHMANDU, July 3: Nepali life-insurers can now reinsure their businesses to the domestic reinsurance companies, with the Insurance Board (IB) issuing a circular on Friday, allowing the domestic companies to accept up to cent percent of the insured amount.
Prime Life, Union Life and Gurans Life ink a merger agreement
May 12, 2022 18:30 pm
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.
Insurers want to issue right shares rather than going for merger to raise capital base
April 26, 2022 19:30 pm
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).
Raise your capital base or go for merger, IB tells insurers
April 1, 2022 06:30 am
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.
17 new companies look for receiving license of insurers
January 31, 2022 18:45 pm
KATHMANDU, Jan 31: A total of 17 companies have applied at the Insurance Board to receive operating licenses of insurers.
IB mulling over enforcing ‘risk-based capital’ framework for insurance companies
January 28, 2022 07:15 am
KATHMANDU, Jan 28: The Insurance Board (IB) is making the insurers maintain a ‘risk-based capital’ by 2024.
Insurance Board bars non-life insurers from distributing cash dividend, forcing them to settle COVID insurance claims
January 12, 2022 06:30 am
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.
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