Kathmandu. Currently, there are two reinsurance companies. One is the government-owned Nepal Reinsurance Company (Nepal Re) and the other is the privately promoted Himalayan Reinsurance Company.
Nepal Insurance Authority (NIA) has released the current fiscal year 2082. According to the data of the second quarter of 2018, both these reinsurance companies have invested Rs 37.07 billion in various sectors. Himalayan Ricoh has invested Rs 18.79 billion and Nepal Rico has invested Rs 18.28 billion.
A large part of the investment of these two reinsurance companies is seen in the fixed deposits of the banks. The banks have a total deposit of Rs 14.32 billion. The company has invested Rs 12.82 billion in ‘A’ class banks, Rs 260 million in infrastructure banks, Rs 1.14 billion in ‘B’ class banks and Rs 100 million in ‘C’ class financial institutions. The share of fixed deposits of banks in the total investment of Nepal Rica is 78.34 percent.
The company invested Rs 94.7 million in shares of listed public companies, Rs 1.54 billion in bonds, debentures and bonds of banks and financial institutions, Rs 564.7 million in citizens investment trust and mutual funds, Rs 596.5 million in promoter shares, Rs 50.72 crore in shares of unlisted public companies and Rs 650 million in other sectors.
On the other hand, Himalayan Relay has invested Rs 11.90 billion in fixed deposits of class A banks. This is 63.33 percent of the total investment.
Similarly, Himalayan Reel invested Rs 4.62 billion in shares of listed public companies, Rs 201.0 million in bonds, bonds, debentures and debentures, Rs 790 million in shares of citizens investment trust and mutual funds, Rs 1.05 billion in shares of investment companies, Rs 225 million in promoter shares and Rs 4.78 million in other sectors.
