Kathmandu – An interaction program was successfully held in Kathmandu on Sunday as a precursor to the upcoming Second National Insurance Discourse 2025, jointly organized by Banking News and the Nepal Insurance Authority. The event, scheduled for January 9, 2025, will focus on discussions across four major sessions.

During the interaction, Raju Dhungel, Managing Director of Banking News Dot Com, presented details about the discourse, including the session topics and panelists. He also extended an invitation to attendees for the main event, announcing that Finance Minister Bishnu Prasad Paudel would inaugurate the program.

Highlights of the Interaction

• Sushil Dev Subedi, Director of the Nepal Insurance Authority, praised Banking News for its proactive role, stating that the inaugural discourse in 2023 had significantly contributed to the insurance sector. He emphasized the relevance of the planned sessions and called for the annual organization of such discussions.
• Pujan Dhungel, another Director of the Authority, expressed optimism that the discourse would aid in policymaking and raise awareness in the insurance sector.
• Chakri Kshetri, President of the Non-Life Insurance Association and CEO of Sagarmatha Lumbini Insurance, noted that such events provide strategic direction for the market. He highlighted the need to address existing challenges and continue improving the insurance landscape.
• Nirajan Kandel, Deputy CEO of Sanima Reliance, expressed his excitement and stressed the importance of such initiatives.

Event Details

The Second National Insurance Discourse 2025, sponsored by Reliable Life Insurance, will bring together representatives from regulatory bodies, insurance companies, banks, financial institutions, insurance experts, and other stakeholders. The event will feature discussions on:

1. Strategies for the development and expansion of the life insurance sector.
2. Market dynamics and challenges in the non-life insurance industry.
3. Opportunities and challenges posed by technological advancements in insurance.
4. Expanding the boundaries of Nepal’s reinsurance market for business growth.

The organizers aim to address critical issues in the insurance sector and propose actionable solutions. A report summarizing the discussions will be submitted to the Nepal Insurance Authority and other stakeholders.

Key Participants

The interaction program was attended by officials from the Nepal Insurance Authority, Ministry of Finance Secretary Narayan Prasad Rijal, presidents of various insurance associations, CEOs from major insurance companies, and moderators of the upcoming sessions.

The discourse is expected to make a significant impact on the future of Nepal’s insurance industry.