Sagarmatha Insurance

What Sagarmatha Insurance does

Sagarmatha Insurance is a Kathmandu-headquartered, private general insurance carrier in Nepal, founded in 1996. The firm underwrites a diversified eight-line general insurance book covering property, theft, identity, vehicle, marine, medical, natural disaster, and general liability, serving what appears to be a mixed base of individual and commercial policyholders across the Nepalese market.

The company operates with 251-500 employees, consistent with a mid-sized regional carrier relying on a multi-channel distribution footprint (likely agents, brokers, and direct sales) typical of South Asian general insurance markets. No proprietary technology stack, digital platform details, or technology partnerships are disclosed in the available source data, and the corporate website (sagarmathainsurance.com.np) is currently offline due to a hosting/DNS misconfiguration, limiting visibility into product specifics, pricing mechanics, and claims operations.

The business model is standard non-life insurance: underwriting premiums across personal and commercial lines, pooling risk, and generating revenue through premium income net of claims and expenses. The company is led by CEO Chunky Chhetry. Investor-relevant signals — premium volumes, combined ratios, geographic footprint beyond Nepal, ownership structure, funding history, and AI/digital capabilities — are not disclosed in the input and represent material data gaps for any due-diligence assessment.

Name

Sagarmatha Insurance

Website

https://sagarmathainsurance.com.np

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

251–500 employees

Short description

Sagarmatha Insurance is a Kathmandu, Nepal-based private general insurance carrier founded in 1996, underwriting property, theft, identity, vehicle, marine, medical, natural disaster, and general liability coverage with 251-500 employees serving individual and commercial policyholders across Nepal.

Ownership category

akta.pro rank

Product category

General Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Health and Medical Insurance Carriers (524114)

SIC

Fire, Marine & Casualty Insurance (6331), Accident & Health Insurance (6321)

akta.pro primary industry

General Liability Insurance (FSAJAMAE)

akta.pro secondary industries

Commercial General Liability (CGL) (FSAJADAA), Individual Supplemental Health (Hospital Indemnity, Critical Illness, Accident) (FSAIAEAD)

Keywords

• General insurance services
• Property insurance
• Vehicle insurance
• Marine insurance
• Liability insurance

Headquarters

HQ city

Kathmandu

HQ country

Nepal

HQ region

Asia

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Core offering

Sagarmatha Insurance is a Nepal-based general insurance company that underwrites and sells a range of personal and commercial insurance policies covering property, theft, identity, vehicle, marine, medical, natural disaster, and general liability risks. Founded in 1996 and headquartered in Kathmandu, the company distributes these insurance products to individuals and organizations across Nepal.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Insurance
• Theft Insurance
• Identity Insurance
• Vehicle Insurance
• Marine Insurance
• Medical Insurance
• Natural Disaster Insurance
• General Liability Insurance

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves2 records

Expansion highlights2 records

Broad incumbents

• Chubb Limited: Global multi-line P&C and specialty insurer offering property, casualty, marine, and accident & health coverage. Comparable product architecture with broader geographic and capital reach.

Emerging players

• Himalayan Reinsurance Limited: Nepal's first domestic reinsurer, taking on P&C and life treaty risk from local carriers including Sagarmatha. Comparable counterparty exposure with overlapping regulatory and capital dynamics.

Regional players

• New India Assurance Company: Large Indian public-sector general insurer writing motor, fire, marine, health, and liability lines. Comparable multi-line general insurance carrier serving the South Asian regulatory neighbourhood.
• ICICI Lombard General Insurance: Major Indian private general insurer with motor, health, property, marine, and liability products. Demonstrates the scale, technology, and product architecture relevant to Sagarmatha's next-stage growth ambition.
• The Oriental Insurance Company: Indian public-sector general insurer offering motor, health, fire, marine, and liability products. Relevant regional benchmark for product breadth, claims capability, and government-channel distribution.

Others

• Aon plc: Global insurance brokerage and risk advisory. Useful ecosystem peer illustrating the intermediary layer that competes for distribution and advisory wallet share affecting Nepal-based carriers.

Direct peers

• NLG Insurance Company Limited: Nepal-domiciled non-life insurer writing motor, property, marine, engineering, and liability policies. Directly competes in product mix and geography with Sagarmatha.
• Shikhar Insurance Company Limited: Nepali non-life insurer offering motor, property, marine, fire, and miscellaneous lines. Directly comparable multi-line general insurance peer operating in the same Kathmandu-based regulatory environment.
• Nepal Insurance Company Limited: One of Nepal's oldest non-life insurance carriers, providing motor, fire, marine, and miscellaneous coverage. Closest incumbent analogue given long operating history and similar product breadth.
• Premier Insurance Company Limited: Nepali general insurer offering motor, fire, marine, engineering, and miscellaneous coverage. Competes for the same pool of Nepali policyholders and brokers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/sagarmathainsu1

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sagarmatha Insurance