From Paper to Phone: The Digital Transformation of Crop and Livestock Insurance.

The government has introduced a structural roadmap for the insurance sector in its latest Policy and Programs for the fiscal year 2083/84. A key highlight is the mandate to develop insurance companies as "Institutional Investors" in the capital market. This move is designed to stabilize the Nepal Stock Exchange (NEPSE) by utilizing massive insurance funds for long-term productivity. Furthermore, the government is set to digitize Agriculture Insurance. From issuing policies to depositing claim payments directly into farmers' bank accounts, the entire process will move to a digital platform to eliminate middlemen. The policy also includes a major restructuring of the Health Insurance program and a shift toward using insurance as the primary tool for disaster recovery and reconstruction, moving away from traditional relief-based models.