Introduction

Nepal Re-Insurance Company Limited (Nepal Re), the successor of Insurance Pool that was set up in 2003 with the aim to cover damages caused by the terrorism, was incorporated on 7 November 2014, under the Companies Act, 2006 of Nepal in accordance to the decision of Council of Ministers (Nepal) dated 7th August, 2014 to convert the Insurance Pool, Nepal into Reinsurance Company.
Nepal Re was formally inaugurated on 22nd December 2014 by the Hon’ble Finance Minister Dr. Ram Sharan Mahat. It is established in the PPP Model with equity participation of Government of Nepal, Insurance companies (both life and Non-life) as well as the public limited companies operating in Nepal. Altogether, there are thirty two stakeholders of Nepal Re viz. Government of Nepal, Seventeen non-life insurance companies and Eight Life insurance companies operating in Nepal and six Public companies. Nepal Re is the first reinsurance company in Nepal with the paid-up capital of 5 billion Nepalese Rupees (approx. USD 50 million). Nepal Re writes all forms of reinsurance business in both lif............. READ MORE

Message From Chairman

In the wake of catastrophic events and rapid changes in the global business environment, it is increasingly crucial for Insurers to adopt adequate and effective reinsurance arrangements. Weaknesses in an Insurer’s reinsurance arrangements may impair its liquidity or capital positions and possibly affect its ability to meet its obligations to policyholders. This, in turn, can severely erode confidence and upset stability in the financial system. Currently, the main challenges faced by the company is the legacy brought in from Insurance Pool lack of technology expertise in the field etc. As company is first of its kind and considering the lack of experience in the Nepalese market. The great effort would be needed to develop company in line with international reinsurance companies and sustain in domestic and international market. In the existing scenario it seems to be develop competitive human resource team, to improve globally recognized information and technology system, to increase business promotion methodology (Nationally & Internationally), to make good relation between clients, stakeholder, regulators, Government etc. I will give my full energy to enhanc.............

READ MORE

Message From CEO

Nepal Re-Insurance Company Limited (Nepal Re.), the successor of insurance Pool that was set up in 2003 with the aim to cover damages caused by the terrorism, was incorporated on 7 November 2014, under the Companies Act, 2006 of Nepal i accordance to the decision of Council of Ministers (Nepal) dated 7th August, 2014 to convert the Insurance Pool, Nepal into Reinsurance Company. Nepal Re was formally inaugurated on 22nd December 2014 by the Hon'ble Finance Minister Dr.Ram Sharan Mahat. It is established in the PPP Model with equity participation of GovernmeNepal Re-Insurance Company Limited (Nepal Re), the successor of Insurance pool that was set up in 2003 with the aim to cover damages caused by the terrorism, was incorporated on 7 November 2014, under the Companies Act, 2006 of Nepal i accordance to the decision of Council of Ministers (Nepal) dated 7th August, 2014 to con.............

READ MORE