why is non life insurance down?
Based on the latest reports, there isn't a specific standalone crash isolated to non-life insurance—in fact, the sector had recently rallied by 2.05% around September 7, driving NEPSE gains. However, the broader market faced general downward pressure by September 10 with NEPSE falling to 2,531 points. Additionally, the non-life insurance sector has been grappling with operational challenges, such as disputes and surveyor delays over massive damage claims (with only around 38% or Rs 8.82 arba of Gen-Z movement claims settled so far), which can weigh on sentiment.
Sources
- Stock market rises alongside turnover, non-life insurance draws investor interestOnline Khabar
- All stock market indicators decline, NEPSE drops to 2531 pointsOnline Khabar
- NEPSE rises by double digits with Rs 3.83 billion in turnoverSetopati
- Will share trading of flood-affected hydropower projects be halted?Setopati
- Only 38 percent of insurance claims paid for Gen-Z movement damages, why the delay?Online Khabar
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