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Insurance
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Rastriya Beema Sansthan
Sagarmatha Insurance Company
GPO Box 12211
Thapathali, Kathmandu
Tel: 240896
Nepal Insurance Co. Ltd.
GPO Box 3623
Kamaladi, Kathmandu
Tel: 221353
National Insurance Co. Ltd.
GPO Box 376
Tripureswor, Kathmandu
Tel: 221182
Nepal Life Insurance Company
Prudential
Insurance Company
Life Insurance Corporation
American Life Insurance Company
Himalayan Gen. insurance
GPO Box 148
Durbar Marg, Kathmandu
Tel: 226634
Premier insurance
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News item 5-4-2007 |
Rastriya Beema Sansthan (RBS),
the fully state-owned public
enterprise, is to start
re-insurance scheme, for
the first time in Nepal.
With the launch of
re-insurance, Nepali
insurance business will
have access to global
insurance market by
which insurance companies
would be able to protect
themselves against the risk
of losses with other
insurance companies. With
the liberalisation of Nepali
economy in the late 80s and
the entry of private sector,
Nepal witnessed a boom in
insurance business. As a
result, the number of
insurance companies rose to
22, including five in life
and 17 in general insurance
over the last one and half
decade. However, a
reinsurance company or
scheme has yet not been
realised in Nepal, as it
requires relatively large
capital, professional
expertise and human
resource. The increasing
risk of portfolio management
in industrial sector as well
as a booming insurance
business are said to be some
of the factors leading to
the start of reinsurance
business in Nepal. The main
use of reinsurance is to
allow the ceding company to
assume individual risks
greater than its size would
otherwise allow, and to
protect the ceding against
catastrophic losses.
Other insurance news and
articles:
Rastriya Beema Sansthan
(Insurance company) asked to
innovate (25-2-2007)
Imperial Finance to
issue shares
(6-2-2007)
Insurance a basic need
car
vehicle insurance prices go up
best information
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