IIN Appoints Dr. Laxmikant Paudel as New CEO: Driving Innovation in Nepali Insurance Sector
25th May 2025, Kathmandu
The Insurance Institute of Nepal (IIN) has announced the appointment of Dr. Laxmikant Paudel as its new Chief Executive Officer (CEO). He officially replaces Sushil Dev Subedi, who had recently been promoted to the position of Executive Director at the Nepal Insurance Authority.
IIN Appoints Dr. Laxmikant Paudel
Selection Process and Candidates
The selection process for the CEO began after the post was vacated by Subedi. On Chaitra 15, 2080, IIN publicly invited applications for the vacant position. In response, five candidates submitted their applications. These included:
Dr. Laxmikant Paudel from Duradanda, Lamjung
Subash Koirala from Sinamangal, Kathmandu
Sujan Subedi from Harisiddhi, Lalitpur
Buddhakaji Shrestha from Paknajol, Kathmandu
Narayan Kumar Bhattarai from Dhumbarahi, Kathmandu
A recommendation committee formed by the Board evaluated all applicants. The committee did not narrow down the list but submitted all five names to the IIN Board for final consideration.
Board Decision and Appointment
After reviewing the recommendations, the Board selected Dr. Laxmikant Paudel for the position. He now leads the institute and is responsible for strengthening the quality of insurance education and training in Nepal.
Dr. Paudel comes from Lamjung and has built a strong reputation in the academic and insurance fields. His appointment reflects IIN’s plan to focus on innovation, policy training, and professional development.
About the Former CEO and Transition
Sushil Dev Subedi, the former CEO, served IIN from Shrawan 1, 2080. His term was marked by steady growth in training programs and industry collaboration. Following his promotion to Executive Director of the Nepal Insurance Authority, the CEO seat at IIN became vacant.
This leadership change occurred smoothly. IIN ensured that there was no disruption in operations during the transition.
Role of the Insurance Institute of Nepal
The Insurance Institute of Nepal plays a key role in Nepal’s insurance industry. It conducts regular training programs, certification courses, workshops, and research. These efforts aim to develop skilled professionals for both life and non-life insurance sectors.
In recent years, IIN has expanded its role as a policy and training think tank. It has also started to collaborate with international institutions to build global exposure for Nepali professionals.
Vision and Goals under Dr. Paudel
As the new CEO, Dr. Paudel will lead IIN into its next phase of development. He has experience in education, research, and institutional development. With his appointment, the institute expects:
Upgraded and modernized training modules
Stronger collaboration with universities and global insurance bodies
Wider access to certification programs
Policy-level research to support insurance regulation
Dr. Paudel is also expected to engage with private and public insurance companies to identify their training needs. His leadership could shape IIN into a hub for insurance knowledge and innovation in South Asia.
Market Response and Expectations
Industry insiders have welcomed the appointment. According to experts, Paudel’s academic strength and regional connection to Lamjung could help IIN decentralize its services. Many believe that he will focus on developing human capital in rural as well as urban areas.
Private insurers expect the institute to expand digital learning opportunities. Likewise, they are hoping for more practical, case-based training sessions aligned with regulatory requirements.
Future of the Institute
With new leadership, IIN is expected to become more dynamic. The Board has emphasized professionalism, transparency, and accountability. Dr. Paudel will now have the responsibility to maintain IIN’s credibility while also modernizing its operations.
The insurance industry in Nepal is evolving. New technologies, policies, and customer expectations demand new skills. The institute must keep pace with these changes. That is where the new CEO’s role becomes crucial.
Conclusion
The Insurance Institute of Nepal begins a new chapter with Dr. Laxmikant Paudel at the helm. His appointment marks a significant step toward strengthening Nepal’s insurance education ecosystem. With clear goals and strategic leadership, IIN is set to expand its reach and impact across the country.
The coming months will reveal how Dr. Paudel transforms the institute’s vision into action. However, stakeholders remain hopeful about this new leadership and its potential to advance the national insurance landscape.
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