24th May 2025, Kathmandu
The Nepal Insurance Authority (NIA) has started a new internal program called Weekly Knowledge Sharing Sessions. This initiative aims to encourage learning within the organization and improve collaboration across its departments.
NIA Weekly Knowledge Sessions
Inaugural Session Highlights Data-Driven Insights
The first session took place on 23 May. The Research and Statistics Section led the discussion. They shared important data and insights related to the Authority’s regulatory duties. The session helped participants understand how data supports decision-making and policy enforcement in the insurance sector.
This approach marks a shift toward using evidence-based practices. It also reflects NIA’s commitment to transparency and professionalism. By focusing on data, the Authority ensures it stays aligned with current trends and challenges in Nepal’s insurance market.
A Regular Platform for Knowledge Exchange
NIA plans to hold these sessions every Friday. Different sections and departments will take turns presenting. This schedule aims to create an ongoing culture of sharing information and expertise. It will also allow teams to learn from each other’s experiences and ideas.
Such collaboration is vital for building a stronger organization. It helps break down silos and fosters teamwork. By pooling knowledge, the Authority can improve its regulatory functions and respond better to industry developments.
Chairman Sharad Ojha’s Visionary Leadership
The success of this new initiative owes much to the leadership of Mr. Sharad Ojha, Chairman of Nepal Insurance Authority. His clear vision and support have played a key role in launching the program. NIA expresses sincere gratitude to him for championing this effort.
Mr. Ojha has emphasized the importance of continuous learning in regulatory bodies. Under his guidance, NIA is adopting modern practices to enhance its capabilities. These weekly sessions are a step forward in that direction.
Launching Bima Pratibimb – A Monthly Analytical Publication
Alongside the weekly sessions, NIA has introduced a new monthly publication called Bima Pratibimb. This report provides in-depth data visualization and analysis of Nepal’s insurance industry.
‘Bima Pratibimb’ aims to highlight evolving trends and changes in the sector. It offers clear, easy-to-understand charts and statistics. This helps regulators, insurers, and the public to stay informed.
The publication enhances transparency. It also supports data-driven policy decisions. Through this monthly release, NIA hopes to improve stakeholder engagement and trust.
Strengthening Nepal’s Insurance Ecosystem
Both the Weekly Knowledge Sharing Sessions and ‘Bima Pratibimb’ reflect NIA’s dedication to advancing Nepal’s insurance ecosystem. These initiatives promote openness, professional growth, and better regulatory oversight.
By regularly exchanging knowledge, NIA staff can sharpen their skills. They can better understand market dynamics and regulatory challenges. This, in turn, leads to more effective governance.
Moreover, the new publication helps stakeholders track industry performance. It provides a reliable source of information on market trends, risks, and opportunities. Such data empowers decision-makers across the insurance sector.
Looking Ahead: Collaboration and Continuous Learning
The Nepal Insurance Authority encourages all its sections and departments to actively participate in these sessions. The Authority believes that collaboration and learning are keys to institutional success.
As these initiatives grow, they will contribute to stronger regulatory frameworks. They will also help build a more resilient and transparent insurance sector in Nepal.
The Authority remains committed to embracing innovation and knowledge-sharing as essential tools for its development.
Conclusion
The launch of the Weekly Knowledge Sharing Sessions and the ‘Bima Pratibimb’ publication marks a new chapter for the Nepal Insurance Authority. These programs foster a culture of learning, transparency, and collaboration. With the strong support of Chairman Sharad Ojha, NIA is well-positioned to meet the challenges of the evolving insurance landscape in Nepal.
For more: NIA Weekly Knowledge Sessions