Nepal Insurance Authority

Nepal Beema Pradhikaran (Nepal Insurance Authority) (Nepali:नेपाल बीमा प्राधिकरण) serves as the exclusive regulatory body tasked with structuring, overseeing, inspecting, and supervising the insurance industry in Nepal which is operating under the Ministry of Finance. The authority is Established as an autonomous institution under Section 3 of the Insurance Act, 2079 BS, the Authority holds a distinct legal status with perpetual succession. Its primary mandate is to foster a fair, competitive, reliable, and credible insurance market within Nepal. Additionally, the Authority is committed to protecting policyholders’ rights and interests through robust regulatory measures. To accomplish these goals, the Authority actively collaborates with national regulatory bodies, the private sector, relevant stakeholders, international organizations, and foreign counterparts. In addition, the Authority is founding member of the International Association of Insurance Supervisors.