MP Kandell Raises Concerns on Insurance Sector Issues
Summary
MP Pushparaj Kandell has raised concerns over issues in Nepal's insurance sector including transparency, auditing delays, digital literacy challenges, and legal conflicts affecting operational performance.
Key Points
- MP Pushparaj Kandell urged the government to make public the financial status of 37 insurance organizations operating in Nepal.
- He emphasized the need to consider Nepal's digital literacy and rural access before fully digitalizing the insurance sector.
- Kandell criticized delays in auditing government-owned insurance companies, with 3 to 4 years of audits pending.
- He highlighted operational problems caused by conflicting insurance laws and Nepal's reliance on external risk assessment.
- He called for continuation of paper-based insurance systems alongside digital methods to ensure grassroots access.
