Kathmandu. Non-life insurers have been able to bring in business of over Rs 24.25 billion till the second quarter of the current fiscal year.
As per the data released by the Nepal Insurance Authority, 14 non-life insurance companies and four micro insurance companies have collected Rs 24.30 billion in insurance premiums till mid-January. Out of this, 14 non-life insurance companies have a share of Rs 23.67 billion and four micro life insurers have a share of Rs 626.7 million.
As of December, non-life insurers have brought in the maximum business through motor insurance. The insurance companies have collected Rs 8.01 billion in insurance premiums from the company. The share of commercial motor insurance is 32.98 percent.
Similarly, the second most business property has been brought in by companies through insurance. The companies have collected Rs 5.90 billion in total insurance premiums from the company. The share of property insurance in the total business is 24.31 percent.
The third largest business is engineering and contract insurance. The company has earned a total premium of Rs 3.84 billion by issuing policies. The share of total business engineering insurance is 15.81 percent.
Similarly, the insurance companies collected Rs 2.64 billion in insurance premiums, Rs 1.46 billion in marine insurance, Rs 92.98 crore in air insurance, Rs 863.6 million in agriculture and crop insurance and Rs 635.2 million in micro insurance. Miscellaneous accounted for 10.90 percent of the total trade, followed by Marine (6.01 percent), Hawaii (3.83 percent), agriculture and crops (3.55 percent) and micro (2.61 percent).
