Kathmandu. A decade ago, it was difficult to talk about the actuarial profession in Nepal. It relied entirely on foreign actuaries for legal valuation, due diligence, compliance and regulatory certification. Especially in Indian actuarials. <\/p>\n
This dependence has led to an exodus of cash for actuarial evaluations, unnecessary delays in reporting, and an inability to build independent technical capacity in the insurance sector. <\/p>\n
In 2026, the picture looks meaningfully different. Tribhuvan University started a four-year undergraduate program in Actuarial Science in 2016. It is now producing and supplying graduates for the manpower needed for the insurance market. The Actuarial Society of Nepal (ASN), established in 2019 with nearly 50 members, has been nominated as an Associate Member of the International Actuarial Association for the year 2025. This is an important milestone in international recognition for the institutional development of the actuarial profession. <\/p>\n
Chandrakala Poudel, chairperson of Nepal Insurance Authority (NEA), said, “Nepal Insurance Authority aims to build self-reliant and technologically strong domestic actuarial capacity by gradually reducing the long-standing dependence on foreign expertise. “<\/p>\n
Initiating the promotion of actuarial profession and manpower, the authority signed a memorandum of understanding with both the School of Mathematical Sciences of Tribhuvan University and Nepal Actuarial Society towards the end of 2024. The regulator has indicated that it is ready to take an active role in shaping the professional development of the workforce, rather than leaving it to the market entirely. The 2024 Directive on Actuary Appointment, which for the first time formally defined the role and qualification criteria for actuarial analysts. <\/p>\n
The potential demand for actuarial professionals in the domestic insurance market is also expanding. Nepal’s insurance market is transitioning to a risk-based supervision framework, adopting NFRS 17 (National Accounting System), implementing ORSA (ORSA Self-Risk Assessment System), and moving towards risk-based capital requirements. Each of these regulatory transitions has created a substantial need for real capacity. <\/p>\n
The question now is not whether Nepal needs more actuarial manpower, but whether the country can promote, support and sustain the actuarial human resources by providing them with a suitable environment. <\/p>\n
The recent study report made public by the Authority on actuarial human resources is itself a sign of institutional maturity. A regulator undertakes a structural, evidence-based assessment of manpower capacity, and commits to doing so annually. The foundation of the real actuarial profession in Nepal is now visible. Career development roadmaps, infrastructure for training, and vocational incentives are now needed to make it sustainable.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. A decade ago, it was difficult to talk about the actuarial profession in Nepal. It relied entirely on foreign actuaries for legal valuation, due diligence, compliance and regulatory certification. Especially in Indian actuarials. This dependence has led to an exodus of cash for actuarial evaluations, unnecessary delays in reporting, and an inability to build […]<\/p>\n","protected":false},"author":5,"featured_media":155735,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45159,45156],"tags":[],"class_list":["post-291528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner-news-en","category-news-en","category-blog-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/291528","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=291528"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/291528\/revisions"}],"predecessor-version":[{"id":291529,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/291528\/revisions\/291529"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/155735"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=291528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=291528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=291528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}