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	<strong style="color: rgb(35, 200, 250); font-size: 16px; text-align: right;">‘The pooling mechanism is to stabilize the insurance market’</strong></p>
<p>
	<strong><img align="right" alt="Mahendra Shrestha, Himalayan General Insurance" height="301" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/mahendra_cover_feb2013.jpg" style="margin:0 0 0 10px;" width="250" /></strong></p>
<address style="text-align: right;">
	<strong>Mahendra Shrestha</strong></address>
<address style="text-align: right;">
	<strong>Managing Director</strong></address>
<address style="text-align: right;">
	<strong>Himalayan General Insurance</strong></address>
<p style="text-align: justify;">
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<p style="text-align: justify;">
	<strong>What is your company’s stake in the aviation insurance market?</strong></p>
<p style="text-align: justify;">
	Himalayan General has been writing aviation insurance since 1998 and it is a portfolio we continue to be interested in.</p>
<p style="text-align: justify;">
	<strong>It is said that some insurance companies are trying to form a pool to collectively handle the aviation insurance claims. What is the latest progress in this regard?</strong></p>
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	Preliminary discussions have been initiated for the formation of aviation insurance pool. The formation of such a pool will not only allow insurance companies to gain capacity but also make it viable for the re-insurers to continue supporting Nepal’s aviation insurance market.</p>
<p style="text-align: justify;">
	<strong>What future do you see for the aviation insurance business in Nepal?</strong></p>
<p style="text-align: justify;">
	It is a portfolio which is an absolute necessity in Nepal and one that will continue to grow.</p>
<p style="text-align: justify;">
	<strong>Aviation insurance premium in Nepal is said to be one among the highest in the world? Why is it so high? How can we lower it?</strong></p>
<p style="text-align: justify;">
	Aviation insurance premium in Nepal is certainly very high. Some big losses in the last few years have pushed up the premium rates substantially. The continually rising premium rates are, of course, a serious concern because they impact the sustainability of the business. The pooling mechanism is one of the possibilities we are exploring in order to stabilize the market. Eventually, if the total premium paid is more than the total amount claimed in losses, we hope the premium will start to come down.</p>
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	What are the key challenges and issues facing the aviation insurance industry in Nepal and what needs to be done to address these challenges?</p>
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	<strong style="color: rgb(35, 200, 250); font-size: 16px; text-align: right;">‘The pooling mechanism is to stabilize the insurance market’</strong></p>
<p>
	<strong><img align="right" alt="Mahendra Shrestha, Himalayan General Insurance" height="301" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/mahendra_cover_feb2013.jpg" style="margin:0 0 0 10px;" width="250" /></strong></p>
<address style="text-align: right;">
	<strong>Mahendra Shrestha</strong></address>
<address style="text-align: right;">
	<strong>Managing Director</strong></address>
<address style="text-align: right;">
	<strong>Himalayan General Insurance</strong></address>
<p style="text-align: justify;">
	 </p>
<p style="text-align: justify;">
	<strong>What is your company’s stake in the aviation insurance market?</strong></p>
<p style="text-align: justify;">
	Himalayan General has been writing aviation insurance since 1998 and it is a portfolio we continue to be interested in.</p>
<p style="text-align: justify;">
	<strong>It is said that some insurance companies are trying to form a pool to collectively handle the aviation insurance claims. What is the latest progress in this regard?</strong></p>
<p style="text-align: justify;">
	Preliminary discussions have been initiated for the formation of aviation insurance pool. The formation of such a pool will not only allow insurance companies to gain capacity but also make it viable for the re-insurers to continue supporting Nepal’s aviation insurance market.</p>
<p style="text-align: justify;">
	<strong>What future do you see for the aviation insurance business in Nepal?</strong></p>
<p style="text-align: justify;">
	It is a portfolio which is an absolute necessity in Nepal and one that will continue to grow.</p>
<p style="text-align: justify;">
	<strong>Aviation insurance premium in Nepal is said to be one among the highest in the world? Why is it so high? How can we lower it?</strong></p>
<p style="text-align: justify;">
	Aviation insurance premium in Nepal is certainly very high. Some big losses in the last few years have pushed up the premium rates substantially. The continually rising premium rates are, of course, a serious concern because they impact the sustainability of the business. The pooling mechanism is one of the possibilities we are exploring in order to stabilize the market. Eventually, if the total premium paid is more than the total amount claimed in losses, we hope the premium will start to come down.</p>
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	What are the key challenges and issues facing the aviation insurance industry in Nepal and what needs to be done to address these challenges?</p>
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	Rising premium rates and shrinking market capacity are two major challenges the aviation insurance industry is currently facing. The Aviation Insurance Summit was one way to address these challenges and find a common direction for improvement and growth.</p>
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	<strong>The country’s first-ever aviation insurance summit was organized in the capital recently. How helpful was this summit?</strong></p>
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	The Summit brought local stakeholders, including operators, regulatory bodies, insurance companies and banks as well as key players in the regional and global aviation insurance industry (including underwriters and re-insurance brokers) under one roof. It gave the Nepali stakeholders a global perspective on our current situation as well as access to the expertise of visiting delegates, all of whom have extensive experience in this sector, including in other countries with contexts similar to Nepal.</p>
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]Code Context    $user = $this->Session->read('Auth.User');

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	<strong style="color: rgb(35, 200, 250); font-size: 16px; text-align: right;">‘The pooling mechanism is to stabilize the insurance market’</strong></p>
<p>
	<strong><img align="right" alt="Mahendra Shrestha, Himalayan General Insurance" height="301" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/mahendra_cover_feb2013.jpg" style="margin:0 0 0 10px;" width="250" /></strong></p>
<address style="text-align: right;">
	<strong>Mahendra Shrestha</strong></address>
<address style="text-align: right;">
	<strong>Managing Director</strong></address>
<address style="text-align: right;">
	<strong>Himalayan General Insurance</strong></address>
<p style="text-align: justify;">
	 </p>
<p style="text-align: justify;">
	<strong>What is your company’s stake in the aviation insurance market?</strong></p>
<p style="text-align: justify;">
	Himalayan General has been writing aviation insurance since 1998 and it is a portfolio we continue to be interested in.</p>
<p style="text-align: justify;">
	<strong>It is said that some insurance companies are trying to form a pool to collectively handle the aviation insurance claims. What is the latest progress in this regard?</strong></p>
<p style="text-align: justify;">
	Preliminary discussions have been initiated for the formation of aviation insurance pool. The formation of such a pool will not only allow insurance companies to gain capacity but also make it viable for the re-insurers to continue supporting Nepal’s aviation insurance market.</p>
<p style="text-align: justify;">
	<strong>What future do you see for the aviation insurance business in Nepal?</strong></p>
<p style="text-align: justify;">
	It is a portfolio which is an absolute necessity in Nepal and one that will continue to grow.</p>
<p style="text-align: justify;">
	<strong>Aviation insurance premium in Nepal is said to be one among the highest in the world? Why is it so high? How can we lower it?</strong></p>
<p style="text-align: justify;">
	Aviation insurance premium in Nepal is certainly very high. Some big losses in the last few years have pushed up the premium rates substantially. The continually rising premium rates are, of course, a serious concern because they impact the sustainability of the business. The pooling mechanism is one of the possibilities we are exploring in order to stabilize the market. Eventually, if the total premium paid is more than the total amount claimed in losses, we hope the premium will start to come down.</p>
<p style="text-align: justify;">
	What are the key challenges and issues facing the aviation insurance industry in Nepal and what needs to be done to address these challenges?</p>
<p style="text-align: justify;">
	Rising premium rates and shrinking market capacity are two major challenges the aviation insurance industry is currently facing. The Aviation Insurance Summit was one way to address these challenges and find a common direction for improvement and growth.</p>
<p style="text-align: justify;">
	<strong>The country’s first-ever aviation insurance summit was organized in the capital recently. How helpful was this summit?</strong></p>
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	The Summit brought local stakeholders, including operators, regulatory bodies, insurance companies and banks as well as key players in the regional and global aviation insurance industry (including underwriters and re-insurance brokers) under one roof. It gave the Nepali stakeholders a global perspective on our current situation as well as access to the expertise of visiting delegates, all of whom have extensive experience in this sector, including in other countries with contexts similar to Nepal.</p>
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	<strong style="color: rgb(35, 200, 250); font-size: 16px; text-align: right;">‘The pooling mechanism is to stabilize the insurance market’</strong></p>
<p>
	<strong><img align="right" alt="Mahendra Shrestha, Himalayan General Insurance" height="301" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/mahendra_cover_feb2013.jpg" style="margin:0 0 0 10px;" width="250" /></strong></p>
<address style="text-align: right;">
	<strong>Mahendra Shrestha</strong></address>
<address style="text-align: right;">
	<strong>Managing Director</strong></address>
<address style="text-align: right;">
	<strong>Himalayan General Insurance</strong></address>
<p style="text-align: justify;">
	 </p>
<p style="text-align: justify;">
	<strong>What is your company’s stake in the aviation insurance market?</strong></p>
<p style="text-align: justify;">
	Himalayan General has been writing aviation insurance since 1998 and it is a portfolio we continue to be interested in.</p>
<p style="text-align: justify;">
	<strong>It is said that some insurance companies are trying to form a pool to collectively handle the aviation insurance claims. What is the latest progress in this regard?</strong></p>
<p style="text-align: justify;">
	Preliminary discussions have been initiated for the formation of aviation insurance pool. The formation of such a pool will not only allow insurance companies to gain capacity but also make it viable for the re-insurers to continue supporting Nepal’s aviation insurance market.</p>
<p style="text-align: justify;">
	<strong>What future do you see for the aviation insurance business in Nepal?</strong></p>
<p style="text-align: justify;">
	It is a portfolio which is an absolute necessity in Nepal and one that will continue to grow.</p>
<p style="text-align: justify;">
	<strong>Aviation insurance premium in Nepal is said to be one among the highest in the world? Why is it so high? How can we lower it?</strong></p>
<p style="text-align: justify;">
	Aviation insurance premium in Nepal is certainly very high. Some big losses in the last few years have pushed up the premium rates substantially. The continually rising premium rates are, of course, a serious concern because they impact the sustainability of the business. The pooling mechanism is one of the possibilities we are exploring in order to stabilize the market. Eventually, if the total premium paid is more than the total amount claimed in losses, we hope the premium will start to come down.</p>
<p style="text-align: justify;">
	What are the key challenges and issues facing the aviation insurance industry in Nepal and what needs to be done to address these challenges?</p>
<p style="text-align: justify;">
	Rising premium rates and shrinking market capacity are two major challenges the aviation insurance industry is currently facing. The Aviation Insurance Summit was one way to address these challenges and find a common direction for improvement and growth.</p>
<p style="text-align: justify;">
	<strong>The country’s first-ever aviation insurance summit was organized in the capital recently. How helpful was this summit?</strong></p>
<p style="text-align: justify;">
	The Summit brought local stakeholders, including operators, regulatory bodies, insurance companies and banks as well as key players in the regional and global aviation insurance industry (including underwriters and re-insurance brokers) under one roof. It gave the Nepali stakeholders a global perspective on our current situation as well as access to the expertise of visiting delegates, all of whom have extensive experience in this sector, including in other countries with contexts similar to Nepal.</p>
<p style="text-align: justify;">
	All the delegates who attended the Summit said that they had found it to be a helpful introduction to the Nepal aviation insurance market, adding that it will help them take better decisions for supporting it.</p>',
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<address style="text-align: right;">
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<p style="text-align: justify;">
	<strong>What future do you see for the aviation insurance business in Nepal?</strong></p>
<p style="text-align: justify;">
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<p style="text-align: justify;">
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	Aviation insurance premium in Nepal is certainly very high. Some big losses in the last few years have pushed up the premium rates substantially. The continually rising premium rates are, of course, a serious concern because they impact the sustainability of the business. The pooling mechanism is one of the possibilities we are exploring in order to stabilize the market. Eventually, if the total premium paid is more than the total amount claimed in losses, we hope the premium will start to come down.</p>
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	Rising premium rates and shrinking market capacity are two major challenges the aviation insurance industry is currently facing. The Aviation Insurance Summit was one way to address these challenges and find a common direction for improvement and growth.</p>
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	<strong>Himalayan General Insurance</strong></address>
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	Himalayan General has been writing aviation insurance since 1998 and it is a portfolio we continue to be interested in.</p>
<p style="text-align: justify;">
	<strong>It is said that some insurance companies are trying to form a pool to collectively handle the aviation insurance claims. What is the latest progress in this regard?</strong></p>
<p style="text-align: justify;">
	Preliminary discussions have been initiated for the formation of aviation insurance pool. The formation of such a pool will not only allow insurance companies to gain capacity but also make it viable for the re-insurers to continue supporting Nepal’s aviation insurance market.</p>
<p style="text-align: justify;">
	<strong>What future do you see for the aviation insurance business in Nepal?</strong></p>
<p style="text-align: justify;">
	It is a portfolio which is an absolute necessity in Nepal and one that will continue to grow.</p>
<p style="text-align: justify;">
	<strong>Aviation insurance premium in Nepal is said to be one among the highest in the world? Why is it so high? How can we lower it?</strong></p>
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Cover Story

The Pooling Mechanism Is To Stabilize The Insurance Market

Nov 30, -0001 2 min 57 sec to read

‘The pooling mechanism is to stabilize the insurance market’

Mahendra Shrestha

Managing Director

Himalayan General Insurance

What is your company’s stake in the aviation insurance market?

Himalayan General has been writing aviation insurance since 1998 and it is a portfolio we continue to be interested in.

It is said that some insurance companies are trying to form a pool to collectively handle the aviation insurance claims. What is the latest progress in this regard?

Preliminary discussions have been initiated for the formation of aviation insurance pool. The formation of such a pool will not only allow insurance companies to gain capacity but also make it viable for the re-insurers to continue supporting Nepal’s aviation insurance market.

What future do you see for the aviation insurance business in Nepal?

It is a portfolio which is an absolute necessity in Nepal and one that will continue to grow.

Aviation insurance premium in Nepal is said to be one among the highest in the world? Why is it so high? How can we lower it?

Aviation insurance premium in Nepal is certainly very high. Some big losses in the last few years have pushed up the premium rates substantially. The continually rising premium rates are, of course, a serious concern because they impact the sustainability of the business. The pooling mechanism is one of the possibilities we are exploring in order to stabilize the market. Eventually, if the total premium paid is more than the total amount claimed in losses, we hope the premium will start to come down.

What are the key challenges and issues facing the aviation insurance industry in Nepal and what needs to be done to address these challenges?

Rising premium rates and shrinking market capacity are two major challenges the aviation insurance industry is currently facing. The Aviation Insurance Summit was one way to address these challenges and find a common direction for improvement and growth.

The country’s first-ever aviation insurance summit was organized in the capital recently. How helpful was this summit?

The Summit brought local stakeholders, including operators, regulatory bodies, insurance companies and banks as well as key players in the regional and global aviation insurance industry (including underwriters and re-insurance brokers) under one roof. It gave the Nepali stakeholders a global perspective on our current situation as well as access to the expertise of visiting delegates, all of whom have extensive experience in this sector, including in other countries with contexts similar to Nepal.

All the delegates who attended the Summit said that they had found it to be a helpful introduction to the Nepal aviation insurance market, adding that it will help them take better decisions for supporting it.

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<p style="text-align: justify;">
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<p style="text-align: justify;">
	<strong>What future do you see for the aviation insurance business in Nepal?</strong></p>
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<p style="text-align: justify;">
	<strong>Aviation insurance premium in Nepal is said to be one among the highest in the world? Why is it so high? How can we lower it?</strong></p>
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<p style="text-align: justify;">
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	<strong>What future do you see for the aviation insurance business in Nepal?</strong></p>
<p style="text-align: justify;">
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<p style="text-align: justify;">
	<strong>Aviation insurance premium in Nepal is said to be one among the highest in the world? Why is it so high? How can we lower it?</strong></p>
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	<strong style="color: rgb(35, 200, 250); font-size: 16px; text-align: right;">‘The pooling mechanism is to stabilize the insurance market’</strong></p>
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	<strong><img align="right" alt="Mahendra Shrestha, Himalayan General Insurance" height="301" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/mahendra_cover_feb2013.jpg" style="margin:0 0 0 10px;" width="250" /></strong></p>
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	<strong>What is your company’s stake in the aviation insurance market?</strong></p>
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	<strong>Mahendra Shrestha</strong></address>
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	<strong>Himalayan General Insurance</strong></address>
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<p style="text-align: justify;">
	<strong>What is your company’s stake in the aviation insurance market?</strong></p>
<p style="text-align: justify;">
	Himalayan General has been writing aviation insurance since 1998 and it is a portfolio we continue to be interested in.</p>
<p style="text-align: justify;">
	<strong>It is said that some insurance companies are trying to form a pool to collectively handle the aviation insurance claims. What is the latest progress in this regard?</strong></p>
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<p style="text-align: justify;">
	<strong>What future do you see for the aviation insurance business in Nepal?</strong></p>
<p style="text-align: justify;">
	It is a portfolio which is an absolute necessity in Nepal and one that will continue to grow.</p>
<p style="text-align: justify;">
	<strong>Aviation insurance premium in Nepal is said to be one among the highest in the world? Why is it so high? How can we lower it?</strong></p>
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	Aviation insurance premium in Nepal is certainly very high. Some big losses in the last few years have pushed up the premium rates substantially. The continually rising premium rates are, of course, a serious concern because they impact the sustainability of the business. The pooling mechanism is one of the possibilities we are exploring in order to stabilize the market. Eventually, if the total premium paid is more than the total amount claimed in losses, we hope the premium will start to come down.</p>
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	What are the key challenges and issues facing the aviation insurance industry in Nepal and what needs to be done to address these challenges?</p>
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	<strong>The country’s first-ever aviation insurance summit was organized in the capital recently. How helpful was this summit?</strong></p>
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file not found!

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Price of Gold Reaches All-Time High in Nepal

FOREX

Currency	Unit	Buy	Sell
U.S. Dollar	1	121.23	121.83
European Euro	1	131.65	132.31
UK Pound Sterling	1	142.47	143.18
Swiss Franc	1	124.29	124.90
Australian Dollar	1	71.69	72.05
Canadian Dollar	1	83.90	84.32
Japanese Yen	10	10.94	11.00
Chinese Yuan	1	17.17	17.26
Saudi Arabian Riyal	1	32.27	32.43
UAE Dirham	1	33.01	33.17
Malaysian Ringgit	1	27.36	27.50
South Korean Won	100	9.77	9.82

Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)

Bullion

Fine Gold	1 tola	77000.00
Tejabi Gold	1 tola	76700.00
Silver	1 tola	720.00

Update : 2020-03-25

Source: Federation of Nepal Gold and Silver Dealers' Association

Petroleum

Petrol	1 Liter	106.00
Diesel	1 Liter	95.00
Kerosene	1 Liter	95.00
LP Gas	1 Cylinder	1375.00

Update : 2020-03-25

The Pooling Mechanism Is To Stabilize The Insurance Market

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