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.
The Australian Reinsurance Pool Corporation noted that the extension of SME discounts aims to incentivise risk mitigation efforts, aligning with its 2025-2029 strategic priorities.
The move marks the reinsurer's latest push into Asia Pacific markets as it seeks to tap into India's growing demand for advanced reinsurance solutions.
The ratings agency revised the outlook on Singapore Re’s long-term issuer credit rating to positive from stable, citing a 21.3% return on equity in 2024 and continued favourable results in the first half...
Violent demonstrations in Kathmandu caused extensive damage to businesses and institutions, with reinsurance, primarily through Nepal Re, expected to cover the majority of industry losses.
Although North America and Europe dominate the cyber insurance market, Swiss Re noted that there is significant potential for future growth in the Asia Pacific Region.
