Kathmandu. Nepal Insurance Authority (NEA) last fiscal year 2081. There has been a delay in making public the details of the insurance business for the last month of June 82.
NeA has been making public the details of the insurance business every 10-11 days after the end of the month. However, the NRA has not been able to make public the data of insurance business for the month of June.
THE NEA in the previous fiscal year 2080. The data of the insurance business for the month of June 81 was made public late.
According to nea sources, there has been a delay in making public the data of insurance business for June as the details sent by the insurer and the data of the Insurance Regulatory Information Management System (IRFMS), which has been brought into operation for online and real-time monitoring, did not match. “In the last month of the financial year, there is a bit of pressure. That’s why there has been a difference between the details sent by the insurer and the IRFMS data,” the source said.
Sources said that it has also been heard that some insurers have issued insurance policies on the old date even after Mid-July. “Preparations are underway to seek clarification from such insurers,” the source said. ’
Although the IRFMS system has been introduced in this way, the delay in disclosing the data of the insurance business has been seen as a weakness of both the insurer and the regulator.
