Industries · Financial & Regulated
Insurance and reinsurance
Insurers are regulated by the Nepal Insurance Authority and report under NFRS, where reserving and the timing of premium income drive the numbers. The questions are about technical reserves, investments and tax.
The questions that decide the numbers
What a insurance and reinsurance business needs answered.
- 01Are premium income and reserves recognised on a consistent basis?
- 02Does investment reporting meet both regulator and standard?
- 03Are reinsurance arrangements reflected correctly?
- 04Is the tax position on reserves defensible?
Across financial & regulated
Two sets of numbers have to hold at once: the NFRS position and the regulator's. For banks and financial institutions the carve-out on loan impairment means provisioning is the higher of the NRB norm and the expected credit loss figure, so the accounting answer and the regulatory answer are not the same number. Capital adequacy, classification and disclosure follow from there. This is technical reporting work, and it is where precision matters most.
How we help
Services for insurance and reinsurance
Also in financial & regulated