18 August 2024, Kathmandu

Kapil Dev Oli’s tenure as a member of the Board of Directors at the Nepal Insurance Authority, the regulatory body overseeing the insurance sector, has officially ended.

Kapil Dev Oli Concludes Tenure

Oli, who served two consecutive terms, was given a grand farewell on the last day of his second term.

Oli, an advocate by profession, was appointed as an expert director on the Insurance Committee on March 15, 2016. He continued his dedicated service in the insurance sector when he was reappointed as the Director of the Insurance Authority on August 3, 2020. Throughout his two terms, Oli made significant contributions to policy-level decisions in the insurance sector, working tirelessly to enhance regulatory frameworks and strengthen the industry.

A permanent resident of Jhapa district, Oli holds a master’s degree in public administration and a bachelor’s degree in law, making him well-equipped for his role as an expert operator in the legal aspects of the insurance sector. His legal expertise has been instrumental in shaping the policies governing Nepal’s insurance industry.

At the farewell event organized by the Insurance Authority, Chairman Surya Prasad Silwal expressed his gratitude for Oli’s invaluable contributions. In his farewell speech, Oli reflected on his eight-year journey within the insurance sector and conveyed his intentions to remain active in the industry, leveraging his experience and expertise to continue making an impact.

Oli’s departure marks the end of a significant chapter in the Insurance Authority’s leadership, but his influence on the sector is expected to endure. As he steps down, the insurance community will closely watch his future endeavours and contributions to the field.

Kapildev Oli’s legacy at the Nepal Insurance Authority serves as a reminder of the critical role that expert leadership plays in the development and regulation of the insurance sector.

Kapil Dev Oli Concludes Tenure