23rd March 2025, Kathmandu
A seminar on risk management and contemporary insurance issues took place in Dhangadhi on Saturday. The Nepal Insurance Professional Society organized the event with support from the Nepal Insurance and Risk Management Association. The program focused on addressing current challenges in the insurance sector and promoting public awareness.
Nepal Insurance Risk Management Seminar
Chief Guest’s Remarks
Prakash Bam, State Minister for Economic Affairs of Sudurpaschim Province, attended as the chief guest. He highlighted the importance of insurance as a safety net during tough times. Bam stated, “Insurance is a companion during hardships. However, many citizens still lack access due to limited awareness.” He assured that the provincial government is ready to support initiatives that promote insurance accessibility.
Key Discussions
The seminar featured discussions on the role of insurance in economic stability. Hridayeshwar Pandit, Provincial Chief of Nepal Insurance Authority, and Surendra Thapa, CEO of Nepal Reinsurance Company, shared insights. They emphasized the need for public awareness and easier access to insurance services.
Welcome Address
Sunil Shrestha, President of Nepal Insurance Professional Society Kailali, welcomed participants. He explained the seminar’s objectives and stressed the importance of collaboration to address industry challenges.
Event Coordination
Prof. Dr. Rabindra Ghimire, President of the Nepal Insurance and Risk Management Association, chaired the program. Nar Bahadur Negi, Secretary of Nepal Insurance Professional Society Kailali, coordinated the event. Over 120 employees from life, non-life, and micro-insurance companies participated.
Key Takeaways
Insurance provides financial security during crises.
Public awareness about insurance benefits needs improvement.
Collaboration between government, regulators, and insurers is essential.
Conclusion
The seminar successfully addressed key issues in the insurance sector. It brought together experts, policymakers, and industry leaders to discuss challenges and solutions. The event emphasized the importance of increasing public awareness about insurance. It also highlighted the need to make insurance services more accessible to all citizens.
Such initiatives play a vital role in building trust in the insurance sector. They help people understand how insurance can protect them during difficult times. By promoting awareness and accessibility, these efforts ensure that more individuals and businesses can benefit from insurance. Ultimately, this contributes to a more secure and resilient society.
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