Kathmandu. According to the Insurance Authority, the inspection, supervision and monitoring of the insurer will be made effective by following the risk-based inspection system. NeA Chairman Sharad Ojha said this while presenting the annual policy and programme for the fiscal year 2082/83 BS today.
Effective implementation of risk-based systems RBC, RBS, ORSA) and NFRS , reviewing the legal provisions related to risk-based capital in a timely manner and refining them in accordance with international standards, studying and analyzing the overall risk of the AUTHORITY.
It will study the feasibility of the risk-based insurance calculation system, strengthen and effective the detailed and thematic supervision of the insurer, conduct a quarterly review of the insurer’s performance by applying Key Performance Indicators , and carry out necessary studies to reduce the risk arising from the disaster in the insurance sector.
