Sharma assumes office at NIA

Kathmandu, Sept. 26

Janak Raj Sharma, the newly appointed Chairman of the Nepal Insurance Authority (NIA), assumed office at the Authority on Friday. Earlier, on the same day, he was administered the oath of office by Finance Minister Rameshore Prasad Khanal. He was appointed to the post by the government on Thursday through a cabinet decision.

Sharma is currently serving under the Ministry of Finance.

Upon assuming his duties at the NIA, he emphasised the need to enhance the quality and reliability of insurance services in the current challenging situation and to ensure that insurance claims are settled swiftly and effectively.

"In line with the spirit of the recent youth movement and the policies and programmes adopted by the government in response to the changing environment, it is crucial to improve the overall quality of insurance services, thereby increasing public trust in insurance,” Sharma said.

Insurance companies must operate in accordance with the prevailing laws, and the Authority must strengthen its regulatory role, he added.

According to him, insurance companies must simplify the claims process and ensure timely claim settlements. If this is achieved, public trust in insurance will grow, and the scope of insurance will expand. As the scope of insurance increases, costs will also reduce.

Sharma directed the NIA staff to perform their duties with integrity, ensuring high-quality and prompt execution of tasks.

 Published in The Rising Nepal daily on 27 September 2025.