Losses caused during the Gen Z movement have resulted in insurance claims totaling more than Rs 23.46 billion, according to data released by the Nepal Insurance Authority as of Poush 16. Fourteen non-life insurers and four micro-insurance companies reported a combined 3,316 claims. Of the total amount, Rs 5.48 billion has already been disbursed. Siddhartha Premier Insurance leads in settlements, paying Rs 191.56 million out of Rs 5.57 billion claimed across 409 cases. IGI Prudential Insurance has paid Rs 111.31 million against Rs 2.87 billion in claims from 220 cases, while Shikhar Insurance has disbursed Rs 731.8 million of Rs 2.37 billion claimed across 449 cases. Claim settlement processes are continuing.
