An actuary with more than two decades in reinsurance moves into the APAC role after leading property and casualty treaty portfolios in Europe and the Mediterranean.
Losses from hotels, retailers and vehicle dealers already exceed billions of rupees, raising concerns over insurers’ capital strength and Nepal Re’s capacity to absorb claims.
Industry expected to reach US$3.3bn by 2030 as vehicle sales surge, but insurers face mounting claims costs from natural disasters and increased traffic incidents.
