Nepal Reinsurance Company Limited
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Nepal Reinsurance Company Limited
Nepal Reinsurance Company (Nepal Re) is Nepal's first reinsurance company which was successor of the insurance pool that was set up in 2003 with the aim to cover the losses arising from situations like riot,sabotage or terrorism and malicious damage (RSTMD) during the Insurgency An insurgency is a violent, armed rebellion by small, lightly armed bands who practice guerrilla warfare against a larger authority. The key descriptive feature of insurgency is its asymmetric warfare, asymmetric nature: small irregular forces .... Structure The current paid-up capital of Nepal Reinsurance is 11.65 Billion. The following table shows the percentage of shareholdings by the respective shareholders on the capital structure: References External links Company Profile of NRIC by ICRANews coverage by InsurancekhabarAppointment of ChairmanOfficial Web portal of NRIC {{List of insurance companies in Nepal Insurance in Nepal Insurance companies of Nepal ...
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Reinsurance
Reinsurance is insurance that an insurance company purchases from another insurance company to insulate itself (at least in part) from the risk of a major claims event. With reinsurance, the company passes on ("cedes") some part of its own insurance liabilities to the other insurance company. The company that purchases the reinsurance policy is referred to as the "ceding company" or "cedent". The company issuing the reinsurance policy is referred to as the "reinsurer". In the classic case, reinsurance allows insurance companies to remain Solvency, solvent after major claims events, such as major disasters like hurricanes or wildfires. In addition to its basic role in risk management, reinsurance is sometimes used to reduce the ceding company's capital requirements, or for tax mitigation or other purposes. The reinsurer may be either a specialist reinsurance company, which only undertakes reinsurance business, or another insurance company. Insurance companies that accept reinsur ...
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Kathmandu
Kathmandu () is the capital and largest city of Nepal, situated in the central part of the country within the Kathmandu Valley. As per the 2021 Nepal census, it has a population of 845,767 residing in 105,649 households, with approximately 4 million people in the surrounding metropolitan area. The city stands at an elevation of 4,344 feet (1,324 metres) above sea level. Recognized as one of the oldest continuously inhabited places in the world, Kathmandu's history dates back to the 2nd century AD. Historically known as the ''Nepal Mandala'', the valley has been the cultural and political hub for the Newar people, a significant Civilization, urban civilization in the Himalayas, Himalayan region. Kathmandu served as the royal capital of the Kingdom of Nepal and is home to numerous palaces, temples, and gardens reflecting its rich heritage. Since 1985, it has hosted the headquarters of the South Asian Association for Regional Cooperation (SAARC). Today, Kathmandu remains the epice ...
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Nepal
Nepal, officially the Federal Democratic Republic of Nepal, is a landlocked country in South Asia. It is mainly situated in the Himalayas, but also includes parts of the Indo-Gangetic Plain. It borders the Tibet Autonomous Region of China China–Nepal border, to the north, and India India–Nepal border, to the south, east, and west, while it is narrowly separated from Bangladesh by the Siliguri Corridor, and from Bhutan by the States and union territories of India, Indian state of Sikkim. Nepal has a Geography of Nepal, diverse geography, including Terai, fertile plains, subalpine forested hills, and eight of the world's ten List of highest mountains#List, tallest mountains, including Mount Everest, the highest point on Earth. Kathmandu is the nation's capital and List of cities in Nepal, its largest city. Nepal is a multi-ethnic, multi-lingual, multi-religious, and multi-cultural state, with Nepali language, Nepali as the official language. The name "Nepal" is first record ...
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Chairman
The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group or organisation, presides over meetings of the group, and is required to conduct the group's business in an orderly fashion. In some organizations, the chair is also known as '' president'' (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. The term chairman may be used in a neutral manner, not directly implying the gender of the holder. In meetings or conferences, to "chair" something (chairing) means to lead the event. Terminology Terms for the office and its holder include ''chair'', ''chairman'', ''chairwoman'', ''chairperson'', ''convenor'', ''facilitator'', '' moderator'', ''president'', and ''presiding officer''. The chair of a parliamentary chamb ...
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Chief Executive Officer
A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in various organizations, including public and private corporations, Nonprofit organization, nonprofit organizations, and even some government organizations (notably state-owned enterprises). The governor and CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the profitability, market share, revenue, or another financial metric. In the nonprofit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of the main manager of the organization and the highest-ranking officer in the C-suite. Origins The term "chief executi ...
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Nepalese Civil War
The Nepalese Civil War was a protracted armed conflict that took place in the then Kingdom of Nepal from 1996 to 2006. It saw countrywide fighting between the Kingdom rulers and the Communist Party of Nepal (Maoist), with the latter making significant use of guerrilla warfare. The conflict began on 13 February 1996, when the CPN (Maoist) initiated an insurgency with the stated purpose of overthrowing the Nepali monarchy and establishing a people's republic; it ended with the signing of the Comprehensive Peace Accord on 21 November 2006. The civil war was characterized by numerous war crimes and crimes against humanity, including summary executions, massacres, purges, kidnappings, and mass rapes. It resulted in the deaths of over 17,000 people, including civilians, insurgents, and army and police personnel; and the internal displacement of hundreds of thousands of people, mostly throughout rural Nepal. The Truth and Reconciliation Commission has received about 63,000 compla ...
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Government Of Nepal
The Government of Nepal () is the central executive authority of the Federal Democratic Republic of Nepal. The government is led by the Prime Minister of Nepal, prime minister (K. P. Sharma Oli, K.P. Oli since 15 July 2024) who selects all the other ministers. The country has had a coalition government since 2024 led by Communist Party of Nepal (Unified Marxist–Leninist), Communist party and Nepali Congress, Congress. Prior to the abolition of the Kingdom of Nepal, Nepalese monarchy in 2006, The Government officially known as His Majesty's Government. The head of state is the President of Nepal, president and the Prime Minister of Nepal, prime minister holds the position of the head of executive. The role of president is largely ceremonial as the functioning of the government is managed entirely by the prime minister, who is appointed by the Parliament of Nepal, Parliament. The heads of constitutional bodies are appointed by the president on the recommendation of Constitutiona ...
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Institutional Investor
An institutional investor is an entity that pools money to purchase securities, real property, and other investment assets or originate loans. Institutional investors include commercial banks, central banks, credit unions, government-linked companies, insurers, pension funds, sovereign wealth funds, charities, hedge funds, real estate investment trusts, investment advisors, endowments, and mutual funds. Operating companies which invest excess capital in these types of assets may also be included in the term. Activist institutional investors may also influence corporate governance by exercising voting rights in their investments. In 2019, the world's top 500 asset managers collectively managed $104.4 trillion in Assets under Management (AuM). Institutional investors appear to be more sophisticated than retail investors, but it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses ...
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Public
In public relations and communication science, publics are groups of individual people, and the public (a.k.a. the general public) is the totality of such groupings. This is a different concept to the sociology, sociological concept of the ''Öffentlichkeit'' or public sphere. The concept of a public has also been defined in political science, psychology, marketing, and advertising. In public relations and communication science, it is one of the more ambiguous concepts in the field. Although it has definitions in the theory of the field that have been formulated from the early 20th century onwards, and suffered more recent years from being blurred, as a result of conflation of the idea of a public with the notions of audience, market segment, community, constituency, and stakeholder. Etymology and definitions The name "public" originates with the Latin ''wikt:publicus#Latin, publicus'' (also ''wikt:poplicus#Latin, poplicus''), from ''wikt:populus#Latin, populus'', to the Engli ...
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Insurance In Nepal
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ...
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