Kathmandu. According to the seventh annual report of Insurance Institute Nepal, the organization has registered improvement in both educational activities and revenue mobilization.
Last fiscal year 2081. In 1982, the organization conducted a total of 63 different trainings. A total of 1,578 participants received the training. Last year 2080. A total of 1,554 people participated in 48 of the 81 trainings. Overall, with a 31 percent increase in the number of trainees, the report shows that the organization has been widening its professional scope.
According to the report, the number of training has shrunk in the current fiscal year. The institute claims that the training activities have been curtailed especially due to political instability, agitations and natural disasters including floods and landslides.
The organization has successfully completed 4 modules on inclusive insurance in collaboration with the United Nations Development Agency (UNDP). In addition, basic training for insurance surveyors and certification training such as money laundering have also been conducted.
Practical training on marine insurance has been organized and the training program has been expanded to all seven provinces outside Kathmandu.
Despite the economic downturn and policy instability, the organization has been able to increase its revenue. Fiscal Year 2081. The total income of the organization was Rs. 82. It has reached 3 crore 98 lakh 14 thousand. In the previous year, Rs. This is about 10.75 percent more than 3 crore 59 lakh 46 thousand.
Out of the total revenue, only Rs. Rs 2,83,89,000 has been collected. This is a significant increase from the previous year’s training revenue of Rs 17.09 million.
This year, the organization has raised Rs. The company has earned a net profit of Rs 27.09 lakh. Last year’s profit was Rs. This year, there has been a slight decline compared to 39 lakh 99 thousand. The increase in management and direct training expenses is considered.
The company has a paid-up capital of Rs 20 crore. It has invested Rs 19.58 crore.
