Non-life insurance companies to "implement NFRS standards" by Insurance Committee

Dec Fri 2020 06:44:30

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Non-life insurance companies to "implement NFRS standards"  by Insurance Committee

Kathmandu. The Insurance Committee has issued instructions to all non-life insurance companies to prepare financial statements as per NFRS criteria.

The Insurance Committee has stated that separate criteria related to NFRS will be implemented for non-life insurance companies. Earlier, the Insurance Committee had directed the reinsurance companies to implement financial statements as per NFRS criteria.

The Insurance Committee has issued a directive to the non-life insurers to implement the 'Guidelines on Financial Statements of Non-Life Insurance Insurers Based on NFRS, 2077.


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