27th May 2025, Kathmandu
Nepal Insurance Company Limited has announced major leadership changes. Chandra Singh Saud, the former CEO of the Nepal Stock Exchange (NEPSE), is now the company’s new Chairman. The Board of Directors selected him unanimously.
Nepal Insurance Appoints Chandra Singh
Board Appoints Saud As Chairman
The company’s board held a meeting on Jestha 12(26 May). In that meeting, all members agreed to appoint Saud as the new Chairman. He will serve for a term of four years.
Saud has been on the company’s board since Jestha 30, 2079. He joined the board representing the founder shareholders. Over the past two years, he has been active in board discussions and company strategy.
This latest appointment comes as Nepal Insurance looks to improve its governance and long-term performance.
Experience In Capital Markets
Chandra Singh Saud brings deep experience in Nepal’s financial and capital markets. He served as the CEO of NEPSE, where he led several modernization efforts.
During his time at NEPSE, he helped promote transparency and digital transformation. Saud is known for his strategic thinking and regulatory understanding.
With this background, many in the industry see him as a strong choice for leading Nepal Insurance into its next phase.
Samata Pant Joins The Board
The same board meeting also appointed a new director. Samata Pant has joined as a board member representing Nepal Bank. She fills a previously vacant seat on the board.
Pant comes to the board with the support of Nepal Bank, one of Nepal Insurance’s founder shareholders. The company has expressed confidence that her addition will strengthen coordination between the insurer and its institutional partners.
Her appointment signals the company’s effort to include more diverse voices in decision-making.
Why These Changes Matter
Nepal Insurance is one of Nepal’s oldest and most trusted insurance companies. As the insurance market evolves, leadership decisions play a key role in staying competitive.
The appointment of Saud and Pant is seen as part of a broader effort to ensure stronger governance and smarter strategy.
The company is now focused on improving service delivery, compliance, and customer trust.
What To Expect Under New Leadership
With Saud as Chairman, industry experts expect more structured reforms at Nepal Insurance. He is likely to focus on:
Enhancing internal governance
Improving digital insurance platforms
Strengthening relationships with regulators
Exploring new insurance products
Pant’s involvement is also expected to support financial oversight and stakeholder engagement. Her connection with Nepal Bank could bring stronger collaboration between financial institutions.
Strengthening The Board
The board of directors plays a critical role in guiding insurance companies. With both Saud and Pant joining the leadership, Nepal Insurance is expected to benefit from their experience and insight.
The board is now better equipped to oversee strategy, risk, and operations. These appointments come at a time when Nepal’s insurance industry is becoming more competitive and digitally focused.
Focus On Customer-Centric Growth
In recent years, Nepal Insurance has tried to modernize its services. It has introduced new policies and upgraded claim systems.
The company aims to reach more customers through technology and efficient services. The new leadership is expected to support this goal with clear strategic guidance.
Saud’s track record with NEPSE suggests a push toward modernization and innovation. Pant, representing a major bank, could help create integrated services between banking and insurance.
A New Phase For Nepal Insurance
The leadership changes mark the beginning of a new chapter for Nepal Insurance. With Saud’s capital market background and Pant’s banking expertise, the company is set to pursue growth with accountability.
These appointments show the company’s commitment to professionalism, transparency, and strategic execution.
Company Profile
Nepal Insurance Company Limited was established in 1947. It is one of the first non-life insurance companies in the country. The company provides a wide range of insurance products, including:
Motor insurance
Fire and property insurance
Marine insurance
Accident and health policies
Nepal Insurance operates through a strong network of branches and agents across the country.
In Summary
Nepal Insurance has appointed Chandra Singh Saud as Chairman and Samata Pant as Director. Both appointments took place during a board meeting on Jestha 12(26 May).
Saud brings experience from his time as CEO of NEPSE. Pant joins with the support of Nepal Bank. These leadership changes are expected to support long-term growth, better governance, and more customer-focused service.
As Nepal’s insurance sector grows, the company aims to be more agile, accountable, and technology-driven under its new leadership.
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