Shikhar Insurance Wins ICAN Gold Award for Excellence in Transparency and Financial Reporting
1st July 2026, Kathmandu
Shikhar Insurance Company Limited has been officially honored with the prestigious Gold Award in the Non Life Insurance category at the National Best Presented Annual Report Awards 2025.
Shikhar Insurance Wins ICAN
This significant corporate milestone recognizes the dedication of the firm toward upholding top tier financial transparency.
The corporate accolade was presented during a special awards ceremony organized in Kathmandu on June 30 2026. The event brought together leading financial professionals, policy makers, and corporate managers from across the country.
The national award is hosted annually by the Institute of Chartered Accountants of Nepal. The independent regulatory body evaluates organizations based on their compliance with global financial standards and clarity of corporate information disclosure.
A BENCHMARK OF FINANCIAL ACCOUNTABILITY AND TRUST
Shikhar Insurance Company Limited secured the top position in the non life insurance segment due to the meticulous presentation of its annual financial report. The evaluation process analyzed the commitment of the company to presenting clear and highly reliable corporate accounts.
The independent accounting body selects annual winners based on stringent parameters including information disclosure quality and operational compliance. Organizations must demonstrate a consistent long term practice of maintaining strong institutional governance frameworks.
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The corporate management stated that this national recognition validates the continuous efforts of the company to align its reporting with international standards. The achievement is expected to further strengthen the operational confidence of retail investors, policyholders, and industry regulators.
The insurance provider reiterated its commitment to embedding these transparent practices into its everyday corporate culture. Maintaining high standards of corporate governance remains a core pillar for the long term growth strategy of the firm.
AN ESTABLISHED FRAMEWORK FOR CORPORATE GOVERNANCE
The Institute of Chartered Accountants of Nepal was originally established under the Nepal Chartered Accountants Act 1997 to regulate the accounting profession. The annual reporting awards hosted by the institute are widely regarded as a premium benchmark for corporate integrity in Nepal.
By securing the gold award, the enterprise positions itself as a forward thinking leader within the competitive non life insurance landscape. The company has consistently introduced measures to upgrade its disclosure standards for general consumers.
The successful receipt of this financial presentation award confirms the underlying structural stability of the enterprise. The management intends to leverage this corporate victory to expand its qualitative insurance services and secure greater market reach in the coming fiscal periods.
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