The Insurance Committee has started cooperation with the local and state governments to increase the access to insurance. Discussions have started saying that access will be expanded if insurance is also integrated in the programs of state and local government. Spokesperson of the committee Nirmal Adhikari informed that discussions have been started with the government…
Category: Non-Life Insurance
How Did Non-Life Insurance Companies Perform till First Quarter This Fiscal Year? Compare the Key Metrics
Due to the global pandemic, all economic activities were halted across nations. Every business was affected, especially those with a brick-and-mortar business model. However, when we take a careful look at the numbers of non-life insurance, it seems that this sector has been growing at a steady rate. In fact, the non-life insurance industry earned…
Prabhu Insurance’s profit increases by 16.17 percent
Prabhu Insurance has made public its financial statements up to the first quarter of the current financial year. The company has earned a net profit of Rs 65.47 million as of mid-October, according to its financial statements. Net profit increased by 16.17 percent compared to the same period of the previous year. The company’s own…
Himalayan Reinsurance has passed a proposal to issue IPO to the public.
Himalayan Reinsurance has passed a proposal to issue an IPO to the public. The first annual general meeting of the insurance company passed a resolution to issue an IPO. The meeting also approved the proposal to expel the IPO as well as the election of directors and appointment of independent directors. Similarly, proposals have also…
The profit of Rastriya Bima Sansthan increased by 52.32 percent
Rastriya Bima Sansthan has made public its financial statements up to the first quarter of the current fiscal year. As per the financial statements made public by the corporation, The institute has earned a net profit of Rs 15.6 million. percent higher than last year. Last year, the corporation had earned a profit of Rs…