Policy Manipulation in Riot Insurance: Himalayan Re Gains, Nepal Re Bears Full Burden

News of insurance – Himalayan Reinsurance Group has reportedly leveraged policy maneuvers with the Ministry of Finance and the Nepal Insurance Authority, shifting the burden of riot-related claims onto the state-owned Nepal Reinsurance Company (Nepal Re). As a result, damages caused by the Gen-Z protests on September 8 and 9 (23–24 Bhadra), which inflicted massive…