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Riots impose financial strain on Nepal re/insurers

Riots impose financial strain on Nepal re/insurers

by AIP Online Bureau | Sep 25, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Oriental Insurance Company, a branch of India’s Oriental Insurance, has received the largest amount of claims till September 16, according to the data released by the Nepal Insurance Authority. It alone has received claims of NPR 5.14 billion across 40 cases....
Flying car, four-wheeled robot shine at Nepal auto show

Flying car, four-wheeled robot shine at Nepal auto show

by AIP Online Bureau | Aug 19, 2025 | Data, Facts, Technology

Deepal’s eVTOL (electric Vertical Take-Off and Landing) UAV, a flying car manufactured in China and Unitree Robots’ advanced four-wheeled robot are the main attractions in the 17th edition of NADA Auto Show. Kathmandu: In a first, a flying car and four wheeled robot...

10 hydropower projects damaged in Nepal floods, no significant effect on power export

by AIP Online Bureau | Jul 11, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

In a statement, Independent Power Producers Association Nepal (IPPAN) said that seven hydropower projects currently generating 251 MW hydropower have been completely shut down due to the floods. Kathmandu: At least 10 hydropower projects have been damaged by floods in...
Powerful Tibet earthquake near Nepal kills at least 96

Powerful Tibet earthquake near Nepal kills at least 96

by AIP Online Bureau | Jan 7, 2025 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

The quake hit at 9:05 a.m. (0105 GMT), with its epicentre located in Tingri, a rural Chinese county known as the northern gateway to the Everest region, at a depth of 10 km (6.2 miles), according to the China Earthquake Networks Centre. The U.S. Geological Service put...

Floods and landslides kill 60 people in Nepal

by AIP Online Bureau | Sep 28, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

The National Disaster Risk Reduction Management Authority (NDRRMA) also issued warnings for 56 out of 77 districts about possible disasters advising people to exercise caution Kathmandu [Nepal]: At least 66 people have been killed in Nepal since early on Friday as...
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