Notice
To
Formulate policies and implement them through annual budget and programs.
Secretariat
of Chairman
To
Handle all administrative work related to functioning of the board and
chairman.
To Oversee functions of all divisions of the organization.
Secretariat
of Executive Director
To Handle
all administrative work related to the functioning of executive director.
To provide
legal advice to the board & all the divisions; draft laws, rules and
regulations related to insurance legal aspects and to regulate insurance Sector
as per the Insurance Act, 2079 and Insurance Regulation, 2081 and to prepare
insurance policy and guidelines necessary for insurance sector represent Nepal
Insurance Authority in Courts of Law.
Sections:
1. Legal
Section
2.
Grievance Section
3.
Intermediaries Section
To
Administer overall general management, financials and human resource related
services of the organization.
Sections:
1. Human
Resource Section
2.
Financial Administration Section
3. General
Administration Section
To
supervises overall insurance sector through onsite as well as offsite
inspection and also analyzing financial statement of Insurers as per the
Insurance Act,2079 and Insurance Regulation, 2081.
Sections:
1. Onsite
Inspection Section
2. Offsite
Section
3.
Financial Analysis Section
To Prepare
insurance policies and guidelines necessary for insurance sector as per Insurance
Act,2079 and Insurance Regulation, 2081.
Sections:
1.
Agriculture and Livestock Section
2. Insurance
Policy Section
3. Micro Insurance Section
To ensure
compliance to the legal and regulatory framework applicable to insurance
sector.
To approve the
opening of new branch of insurers.
Grant approval for
sale/transfer of promotor share of insurers.
Work related to Re
insurance.
Coordinate among
investigative and competent authorities for the investigation of financial
crime as per Insurance
Act,2079 and Insurance Regulation, 2081.
Sections:
1. Regulation
Section
2. Anti Money
Laundering Section
3. Re Insurance
Section
To identify
research topics relevant to insurance sector, to design and conduct research
activities along with development and publication of insurance related
materials.
Collect, analyze
and publish insurance statistics monthly, quarterly and annually.
Develop, manage and
operate various IT system and software in the organization and guide insurance
sector in adoption of digital infrastructures.
Ensure adoption of
risk based approach in insurance industry including approval risk based
valuation and ORSA report making insurance industry and NIA risk resilient.
Sections:
1. Research
and MIS Section
2. Information
Technology Section
3. Risk
Management Section
To
overlook and carry out all the functions of the authority in respective
provinces and coordinate with the provincial as well as local government.
1) Koshi
Province Office
2) Madhesh Province Office
3) Gandaki Province Office
4) Lumbini Province Office
5) Karnali Province Office
6) Sudurpaschim Province Office