Insurance Business in Nepal

Anything or any subject matter does not develop at once. After the political change in 2047 B.S. the government initiated economic liberalization in the country. Insurance business can’t flourish in a small insurance market. But Nepal, itself, a small country, has small market. Insurance business saves men from the difficulties and the risk that may occur in their life. The growth rate of population is increasing in Nepal. The growth rate of population gives benefit to insurance business. In Nepal, reinsurance companies have not been opened from government and non-government sector till now.