Kathmandu. The insurance companies currently in operation are increasing the manpower with the expansion of branches.
There are 14 life insurers, 14 non-life insurers and seven micro insurers licensed by the Nepal Insurance Authority. Last fiscal year 2081. In 82, the total manpower of these insurers is 4. It has increased by 84 percent. In the review year, this number has increased from 11,685 in the previous year to 12,251 in the review year. That is, an additional 566 people have got employment in insurance companies in a year.
In the review year, a total of 6,113 people have got direct employment in life insurance and 6,138 in non-life insurance. In the previous year, 5,858 people were employed in life insurers and 5,827 in non-life insurers. In this way, the manpower of the life insurer 4. It has increased by 35 per cent while non-life insurers have increased by 5 per cent. It has increased by 34 percent.
According to the AUTHORITY, the number of branches of the insurer in the review year is 0. It has increased by 34 percent. Six branches of life insurers and four branches of non-life insurers have been added. Branch number of life insurer total 0. With the addition of 33 percent, the branch number of non-life insurers is 0. It has increased by 35 percent.
According to the data published by the NRA, there are 1,839 branches of life insurers and 1,155 branches of non-life insurers in the review year. In the previous year, there were 1,833 branches of life insurers and 1,151 branches of non-life insurers.
