The new framework, effective March 2026, outlines safeguards for banks, insurers and other firms, and follows MAS’ warnings to influencers over unlicensed financial advice.
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.
