Introduction
Himalayan Reinsurance Limited is the First Reinsurance Company in the Private Sector – not only in Nepal – but in the entire SAARC region. Himalayan Reinsurance Limited was incorporated in July 2021 under the Nepal Companies Act, with an Authorized capital of NPR 21,000 Million for the purpose of transacting Reinsuranceand Retrocession business from Nepal and overseas. The Company is owned by Prominent Nepalese Corporate and Industrial houses, two of the Top Banks (Primarily owned by Government of Nepal) and some High-Net-worth Individuals.
After obtaining all relevant approvals and certifications, Himalayan Re commenced business operations with effect from July 15, 2021
Our Services & Service Centers
Service
We provide Reinsurance Capacity and related technical support to all Non-Life and
Life Insurance Companies in Nepal as well as those from outside Nepal
Service Center
All our Services are offered through our Corporate Office – our only Office – located
in Kathmandu, Nepal.
Since all our Customers are Institutions (that is, Life and Non-Life Insurance
Companies in Nepal and abroad), the Services are mostly Offered through one-onone contact – in-person, on Call or via e-mail.
Timeline of our services
Underwriting of Treaties
7 Day
( On Submission of all Requirements )
Underwriting of Facultative Cases
Same Day
( On Submission of all Requirements )
Settlement of Claims
2 Working Days
( On Submission of all Requirements )
Cash Call
Same Day
( On Submission of all Requirements )
Confirmation of Statements Accounts
Same Day
( On Submission of all Requirements )
Response to e-mails received
1 Working Day
( On Resolution of all Queries )
Our Regulators
- Nepal Insurance Authority
- Registrar of Companies
Acts and Directives Governing Us
- Companies Act 2063
- Insurance Act 2079
- Income Tax Act 2058
- Income Tax Rules 2059
- VAT Act 2052
- VAT Rules 2053
- Labour Act 2074
- Labour Rules 2075
- Bonus Regulation 2039
- Money Laundering Prevention Act 2063
- Money Laundering Prevention Rules 2066
- Directives issued from time to time by Nepal Insurance Authority
Our Financial
- Published in leading National Daily and on our Website as per statutory Regulatory Timeline
Contact Persons for Services & Complains
For Services
Non-Life Reinsurance
Digdarshan Nepal
Non-Life Claims
Sujan Adhikari
Website Related
Deepak Kumar Shrestha
Life Reinsurance
Bidhya Shrestha
Finance, Accounts & Compliance
Mr Sitaram Wagle
Complaints if any,
First Point of Contact
Deepak Kumar Shrestha
Information Officer & Spokesperson
To be escalated to
Mr Mukesh Kumar Kapoor
Deputy Chief Executive Officer
Website Related
Ms Upasana Poudel
Chief Executive Officer
