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NIA instructs reinsurers to increase paid-up capital to Rs 20 billion in one year
January 31, 2024 22:01 pm
KATHMANDU, Jan 31: Nepali reinsurance companies will have to increase their paid-up capital to Rs 20 billion following a decision of the Nepal Insurance Authority (NIA) to increase the capital base of the reinsurers.
Nepal Insurance Authority caps investment of reinsurance companies
December 19, 2022 20:12 pm
KATHMANDU, Dec 19: Nepal Insurance Authority (NIA) has put a curb on the investment of reinsurance companies.
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.
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.
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