Insurance Authority Amending Reinsurance Broker Directive, Seeks Stakeholder Feedback
The Nepal Insurance Authority is set to amend the Reinsurance Broker Directive, 2078. Citing the need to update the directive in line with current laws, policy arrangements, and the business environment, the Authority has called for feedback from stakeholders.
Kathmandu — The Nepal Insurance Authority is set to amend the Reinsurance Broker Directive, 2078.
Issuing a notice, the Authority announced that the process to amend the directive has been initiated. The Authority stated that the directive needs to be updated and revised as necessary in line with current laws, policy arrangements, and the business environment.
To make the amendment process transparent and stakeholder-friendly, the Authority has called for feedback and suggestions. This move is expected to help make the regulation of the reinsurance market more effective and keep the directive relevant amid the changing business landscape.