Formation of recommendation committee for selection of leadership of Insurance Authority

The government has constituted a specific recommendation committee to carry forward the process of filling the vacancy of the Chairman of Nepal Insurance Authority. The Vice Chairman of the National Planning Commission Dr. Gunakar Bhatt will remain as the coordinator. Similarly, Dr. Ghanshyam Upadhyay member and expert in the insurance sector. Fatta Bahadur KC will be in charge of expert member. As the authority is currently without a full-time leader, several important regulatory functions are being affected. In this perspective, Dr. The committee formed under the chairmanship of Bhatt will recommend the names of three qualified persons for the next term. From this recommended list, the government will appoint one person as the chairman of the authority for a four-year term, which is expected to speed up the necessary regulation and reforms in the insurance sector.