NIA 57th Anniversary: Nepal Insurance Leaders Unite in Kathmandu for Digital Transformation Vision
15th May 2025, Kathmandu
The Nepal Insurance Authority (NIA) celebrated its 57th anniversary with a vibrant Prabhat Pheri (morning rally) in Kathmandu on Wednesday. The event began at 7:00 AM from the Bhadra Kali temple. Participants followed a route through Shahid Gate and Ratna Park before concluding the rally at Bhrikutimandap.
NIA 57th Anniversary
A large crowd from across Nepal’s insurance sector joined the procession. The rally turned into a corner assembly at Bhrikutimandap with speeches and celebrations.
CEOs, Officials, and Agents Join Enthusiastically
Top executives, managers, and staff from life insurance, non-life insurance, micro-insurance, and reinsurance companies actively participated. Insurance agents and surveyors also joined in significant numbers.
Chairman of NIA, Mr. Sharad Ojha, and Executive Director, Mr. Sushil Dev Subedi, led the event. Members of the Board of Directors and senior staff were present. They walked alongside representatives from several associations and companies, showing strong industry solidarity.
Wide Representation from Insurance Associations
The event brought together leaders from major insurance-related organizations. Representatives from the Nepal Insurance Association, Life Insurance Association of Nepal, Micro-Insurance Association, and Insurance Surveyors Association of Nepal took part.
Also present were members of the Professional Insurance Agents’ Association and the Nepal Insurance Brokers Association. Their joint participation highlighted a sense of unity and shared purpose.
Leaders Deliver Messages of Vision and Progress
At Bhrikutimandap, the rally concluded with a formal corner assembly. Chairman Ojha gave a motivational speech. He spoke about the authority’s journey over the past 57 years. He emphasized transparency, digital transformation, and increasing insurance access to rural and underserved communities.
Executive Director Subedi highlighted regulatory improvements and future goals. He encouraged companies to focus on customer trust, education, and product innovation.
Association leaders also addressed the crowd. Life Insurers’ President Pushkaraj Paudel and Non-Life Insurers’ President Birendra Baidwar shared their commitment to working with the authority. They stressed the importance of a growing and stable insurance environment in Nepal.
Sports Winners Honored at the Ceremony
The NIA also hosted a prize distribution program during the event. Players who had participated and won in sports events held as part of the anniversary celebration received awards.
Insurance company staff and authority officials had competed in the games earlier this week. The award ceremony recognized their enthusiasm and team spirit. The event promoted friendly competition and connection among industry members.
Insurance Community Shows Strength and Unity
The 57th anniversary celebration proved to be a strong display of cooperation and energy. Senior executives, junior staff, surveyors, and agents walked together. Their participation showed commitment to strengthening Nepal’s insurance industry.
The rally was not only symbolic. It also created a platform for networking and collaboration. Participants shared ideas, discussed challenges, and celebrated common goals.
Looking Ahead: Authority’s Commitment to Growth
The Nepal Insurance Authority continues to lead and regulate Nepal’s growing insurance sector. It works to increase awareness, protect consumer rights, and support innovation.
NIA officials said that events like this help bring everyone in the industry closer. They foster trust, openness, and mutual respect. The authority plans to continue such engagements in the future.
The NIA aims to expand insurance outreach, promote digital inclusion, and make the industry more responsive to modern needs. Officials also stressed the importance of ethical conduct, proper training, and long-term customer relationships.
Conclusion
Nepal Insurance Authority’s 57th anniversary celebration ended on a high note. The Prabhat Pheri, speeches, and award ceremony reflected industry pride and potential. With active participation from all levels, the event inspired a shared vision for the future.
The authority now looks ahead with confidence. It plans to introduce better regulations, promote access to insurance, and work closely with all stakeholders. As it moves forward, NIA remains committed to making insurance services more accessible, reliable, and impactful for every Nepali citizen.
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