Kathmandu. At present, there are two reinsurance companies operating in Nepal. One is the state-owned Nepal Reinsurance Company (Nepal Re) and the other is the private sector-promoted Himalayan Reinsurance (Himalayan Re).
According to the data released by the Nepal Insurance Authority (NEA) till the third quarter of the current fiscal year (July-April), both these reinsurance companies have invested Rs 40.86 billion in various sectors. Nepal Ri has an investment of Rs 22.28 billion and Himalayan Ri has an investment of Rs 18.58 billion.
A large part of the investment of these two reinsurance companies is seen in the fixed deposits of the banks. Nepal Ri has a total deposit of Rs 19.13 billion in term deposits of banks. Fixed deposits account for about 86 percent of the company’s total investment.
Nepal Relay A has invested Rs 16.10 billion, infrastructure bank Rs 260 million, B category development bank Rs 2.31 billion and C class financial institution Rs 450 million as fixed deposit.
Nepal Relay has invested Rs 300 million in government savings certificates and bonds, Rs 1.41 billion in preference shares, bonds, debentures and debentures of banks and financial institutions, Rs 94.7 million in ordinary shares of listed public companies, Rs 90.9 million in citizen investment funds and mutual funds, Rs 596.5 million in other founder shares, Rs 507.2 million in shares of unlisted public companies and Rs 150 million in other sectors.
On the other hand, Himalayan Relay has invested Rs 13.26 billion in fixed deposits of A category banks. The share of fixed deposits in the company’s total investment is above 71 percent.
Similarly, Himalayan Ri has invested Rs 2.36 billion in shares of listed public companies, Rs 1.08 billion in bonds, debentures and debentures of listed public limited companies, Rs 900 million in investment company shares, Rs 379.7 million in other founder shares and Rs 600 million in other sectors.
