Non-Life Insurers Achieve NPR 15.84 Billion in Gross Premium Revenue
Non-Life Insurance Premium
1st December 2025, Kathmandu
The non-life insurance sector in Nepal has recorded a significant financial milestone.
Non-Life Insurance Premium
Non-life insurance companies collectively achieved a total gross premium income exceeding NPR 15.5 billion. According to data released by the Nepal Insurance Authority, the sector successfully garnered NPR 15.84 billion in total gross premium over the first four months of the current fiscal year.
This impressive performance underscores the growing market penetration and the increasing reliance on insurance products. The surge in Non-Life Insurance Premium reflects a healthy rebound and robust activity in key sectors, often driven by efficient service delivery and digitization efforts.
The Digital Backbone of Growth
The achieved figure of NPR 15.84 billion in gross premium is a testament to the ongoing modernization within the insurance industry. Non-life insurers are increasingly adopting technology platforms for streamlined policy issuance, claims processing, and customer relationship management.
This digital shift has made purchasing and managing policies simpler for clients, directly contributing to the accelerated revenue growth seen in the last four months. Technology now plays a decisive role in the expansion of the Non-Life Insurance Premium market.
The Top Performers: Market Leaders
The competition within the sector remains fierce, but three companies have clearly established their market dominance, capturing the highest share of the gross premium.
1. Sagarmatha Insurance Company Limited
Sagarmatha Insurance Company leads the pack. The company successfully generated a total gross premium of NPR 1.78 billion during this four-month period. This top ranking highlights the company’s strong brand presence and effective sales strategies.
2. Shikhar Insurance Company Limited
Securing the second position is Shikhar Insurance Company. The company’s total gross premium collection reached NPR 1.73 billion. Shikhar’s consistently strong performance is often attributed to its diversified product portfolio and widespread network reach.
Advertisement
3. Himalayan Everest Insurance Company Limited
Following closely in third place is Himalayan Everest Insurance. The company recorded a total gross premium income of NPR 1.60 billion. Given its recent merger and subsequent operational restructuring, achieving this rank demonstrates a successful integration and stabilization of its business processes.
Sectoral Contribution and Economic Impact
The collective premium figure of NPR 15.84 billion showcases the non-life sector’s vital role in the national economy. Non-life policies, which cover everything from motor vehicles and property to marine and engineering risks, directly facilitate various economic activities.
The strong performance indicates increased business confidence and higher levels of asset valuation and protection across Nepal. A growing Non-Life Insurance Premium base means the industry is mobilizing a larger pool of funds.
These funds are eventually channeled into government securities and infrastructure projects, thereby supporting long-term economic development. The sector actively underwrites the risks of growth.
Future Outlook: Digitization and Regulatory Support
The Nepal Insurance Authority’s commitment to modernization is pushing insurers to invest heavily in InsurTech. This focus on technology is essential for continued growth.
Analysts project that the market will continue its upward trajectory as regulatory frameworks adapt and as companies expand their digital footprints.
The intense competition among the top three leaders will likely drive further innovation in customer service and digital product offerings, benefiting consumers across the country.
For more: Non-Life Insurance Premium
