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Nonlife insurers settle 11% of earthquake-related claims in Nepal

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Nepalese nonlife insurers have settled only 11% of claims relating to the earthquake that hit the country on April 25, reported E Kantipur.

Nonlife insurers settled claims worth 1.86 billion Nepalese rupees ($18.2 million) as of the end of fiscal year 2014-15. Total claims received by insurers from the quake amounted to NPR 16.8 billion. Himalayan General Insurance Co. Ltd. received the most claims and has paid out NPR 426.6 million so far.

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