Kathmandu. Lack of gender-disaggregated data has been one of the main challenges to make Nepal’s insurance sector more inclusive and accountable. Women-targeted insurance schemes have not been effective due to the lack of clear data on women’s access to which sector and what their specific needs are. However, the Nepal Insurance Authority has now taken steps to make it mandatory. <\/p>\n
According to Nepal Insurance Authority (NEA) Director and Spokesperson Pujan Dhungel, the lack of data on gender is the main reason behind the lack of research-based insurance products and insurance policies. Without data, it is not possible to identify which categories of women need what kind of protection. <\/p>\n
“Due to the lack of gender-discriminatory data, we do not have products and insurance policies based on research focused on women. She informed that the NRA would make gender-based data collection mandatory from mid-July. <\/p>\n
The move is expected to take the government’s financial inclusion strategy to a new height. It will provide a mirror to the real contribution of women in the insurance sector and how easily they are accessing insurance services. <\/p>\n
The authority has already imparted training to the insurers on gender discrimination data. Apart from this, the authority has also provided the necessary data collection format to the insurer and has started the data collection work on a trial basis. <\/p>\n
Once the data is collected, it will help insurance companies understand the economic and social security needs of women. Based on the data, it will be easier for women to prepare packages with special critical illness insurance, occupational protection insurance or other facilities. <\/p>\n
Dhungel believes that the trust of the public towards insurance will increase when the authority works on the basis of inclusive data as a regulatory body. <\/p>\n
In the coming days, this gender data is not just a number but will be the main basis for building a women-friendly and inclusive insurance market in Nepal. The authority believes that this will be a milestone in making insurance not only urban and male-centric but accessible to every gender and community.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. Lack of gender-disaggregated data has been one of the main challenges to make Nepal’s insurance sector more inclusive and accountable. Women-targeted insurance schemes have not been effective due to the lack of clear data on women’s access to which sector and what their specific needs are. However, the Nepal Insurance Authority has now taken […]<\/p>\n","protected":false},"author":5,"featured_media":245582,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45159,45099],"tags":[],"class_list":["post-289659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner-news-en","category-news-en","category-regulatory-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/289659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=289659"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/289659\/revisions"}],"predecessor-version":[{"id":289660,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/289659\/revisions\/289660"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/245582"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=289659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=289659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=289659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}