Himalayan Reinsurance

What Himalayan Reinsurance does

Himalayan Reinsurance Limited is Nepal's first private sector reinsurance company and the first in the broader SAARC region, incorporated in July 2021 under the Nepal Companies Act and commencing operations on July 15, 2021. The company provides reinsurance capacity, risk transfer, and technical support to Life and Non-Life (General) insurance companies both domestically and internationally, with active business across 52 countries. Its product portfolio is organized into two structural categories — Treaty reinsurance (Proportional and Non-Proportional) and Facultative reinsurance — delivered through nine specialized lines: Property and Catastrophe, Engineering and Construction, Marine Hull and Cargo, Aviation and Aerospace, Agriculture and Parametric, Motor and Liability, Specialty Lines (including cyber, credit, and political risk), Life and Health, plus customized solutions.

The company operates as a B2B reinsurer on a subscription-recurring revenue model, earning reinsurance premiums paid by ceding insurance companies in exchange for risk coverage and capacity support. Distribution is exclusively direct-to-institution — one-on-one engagement via in-person meetings, phone, and email — with all clients being Life and Non-Life insurance carriers. Pricing is bilaterally negotiated and not publicly disclosed. Ownership comprises two of Nepal's largest government-owned banks (Nepal Bank Limited and Rastriya Banijya Bank Limited) and leading Nepalese conglomerates, with 30% public float following a successful IPO. The company reports $120M in core capital and $1B in net worth/market capitalization, holds an AM Best B+ (Good) Financial Strength Rating with Stable Outlook, and an ICRA Nepal [ICRANP-IR] A rating. Regulation falls under the Nepal Insurance Authority, Insurance Act 2079, and Companies Act 2063.

Name

Himalayan Reinsurance

Legal name

Himalayan Reinsurance Limited

Website

https://himalayanre.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

51–100 employees

Short description

Himalayan Reinsurance Limited is Nepal's first private sector reinsurer, providing Treaty and Facultative reinsurance across nine specialized lines to Life and Non-Life insurance companies in Nepal and 52 international markets.

Ownership category

akta.pro rank

Product category

Reinsurance Services

NAICS

Reinsurance Carriers (524130), Reinsurance Carriers (52413), Direct Life, Health, and Medical Insurance Carriers (52411)

SIC

Fire, Marine & Casualty Insurance (6331), Life Insurance (6311)

akta.pro primary industry

Casualty Treaty Reinsurance (FSAOAEAD)

akta.pro secondary industries

Property Catastrophe Reinsurance (FSAOACAA), Health & Accident Treaty Reinsurance (FSAOAEAB), Facultative Specialty Lines Reinsurance (Marine, Aviation, Energy, Cyber, Surety, Political Risk) (FSAOAFAD)

Keywords

• Treaty reinsurance
• Facultative reinsurance
• Life reinsurance
• Property catastrophe reinsurance
• Insurance risk transfer

Headquarters

HQ city

Kathmandu

HQ country

Nepal

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Reinsurance Premiums: Himalayan Re operates as a reinsurance company, generating revenue through reinsurance premiums paid by ceding insurance companies (both Life and General insurers) in exchange for risk coverage and capacity support.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Himalayan Reinsurance Limited operates as Nepal's first private sector reinsurance company, offering treaty (proportional and non-proportional) and facultative reinsurance solutions to life and non-life insurance companies. Its portfolio spans nine product lines: Property and Catastrophe, Engineering and Construction, Marine Hull and Marine Cargo, Aviation and Aerospace, Agriculture and Parametric, Motor and Liability, Specialty Lines, Life and Health, and Customized Reinsurance Solutions, serving insurance company clients in Nepal and across 52 countries internationally.

Product overview

Himalayan Reinsurance Limited operates as Nepal's first private sector reinsurance company, offering a comprehensive portfolio of reinsurance products organized into two main categories: Treaty and Facultative reinsurance solutions. The Treaty offerings include Proportional Treaty and Non-Proportional Treaty products, while Facultative coverage addresses individual risk selection. The company provides nine specialized product lines: Property and Catastrophe, Engineering and Construction, Marine Hull and Marine Cargo, Aviation and Aerospace, Agriculture and Parametric, Motor and Liability, Specialty Lines, Life and Health, and Customized Reinsurance Solutions. The portfolio serves both Life and General Insurance Companies operating domestically in Nepal and internationally across 52 countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Property and Catastrophe Reinsurance Reinsurance coverage for property risks and catastrophic events, providing protection against natural disasters, fire, and other property-related losses for insurance company cedants.
• Engineering and Construction Reinsurance Reinsurance solutions for engineering projects and construction risks, including Contractors' All Risks (CAR), Erection All Risks (EAR), and Advanced Loss of Profits (ALOP) coverage.
• Marine Hull and Marine Cargo Reinsurance Marine hull and cargo reinsurance coverage for shipping losses, transit risks, and maritime liability exposures ceded by insurance companies.
• Aviation and Aerospace Reinsurance Reinsurance coverage for aviation and aerospace risks, including aircraft hull, liability, and space-related exposures ceded by aviation insurers.
• Agriculture and Parametric Reinsurance Reinsurance solutions for agricultural risks and parametric insurance products that trigger payouts based on predefined indices, addressing weather and crop-related exposures.
• Motor and Liability Reinsurance Motor vehicle insurance and liability reinsurance coverage for third-party claims, vehicle damage, and related liability exposures ceded by insurance companies.
• Specialty Lines Reinsurance Specialized reinsurance coverage for niche and complex risks, including professional indemnity, cyber, credit, and political risk exposures ceded by insurance companies.
• Life and Health Reinsurance Life and health reinsurance solutions including mortality, morbidity, and health insurance risk coverage ceded by life insurance companies.
• Facultative Reinsurance Individual risk-based reinsurance coverage provided on a case-by-case basis for specific policies, allowing cedant insurers to reinsure individual risks across property, motor, aviation, engineering, marine, agriculture, miscellaneous, and life lines.
• Proportional Treaty Reinsurance Treaty reinsurance in which risks and premiums are prorated between the insurer and reinsurer based on agreed percentages, providing portfolio-level capacity support.
• Non-Proportional Treaty Reinsurance Treaty reinsurance in which the cedant cedes a percentage of all risks in a specified class without individual risk selection, providing portfolio-level excess-of-loss coverage.

Quantifiable outcome

• Business operations across 52 countries
• +1 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Nepal's Leading ConglomeratesmajorStrategic or Co-development Partner · 1 January 2024Prominent Nepalese corporate and industrial houses serve as promoters alongside government banks, ensuring diverse ownership structure, strategic expertise, and long-term stability for the reinsurance operations.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Munich Re: World's largest reinsurer offering treaty and facultative reinsurance across property, casualty, life, and specialty lines globally. Directly comparable to Himalayan Re's full multi-line reinsurance offering, though at vastly larger scale.
• Swiss Re: Top-tier global reinsurer providing treaty and facultative coverage across P&C, life, and specialty lines. Closely comparable to Himalayan Re's portfolio structure and international cedent focus.
• SCOR: Global multi-line reinsurer with P&C and Life reinsurance divisions serving insurers worldwide. Comparable multi-line treaty and facultative model with international distribution.
• Hannover Re: Major global reinsurer with broad treaty and facultative capabilities across property, casualty, and specialty risks. Directly comparable in product mix and B2B cedent relationships.

Regional players

• GIC Re (General Insurance Corporation of India): Indian state-owned reinsurer and dominant reinsurer for South Asian cedents. Most directly comparable as a regional reinsurer serving SAARC and Indian-subcontinent primary insurers — exactly Himalayan Re's natural market.
• Saudi Reinsurance Company (Saudi Re): Riyadh-headquartered MENA-region reinsurer providing treaty and facultative coverage across P&C and specialty lines. Comparable to Himalayan Re as a regionally rooted reinsurer expanding into international markets.
• Asian Reinsurance Corporation: Bangkok-headquartered Asian reinsurance pool covering property, marine, and engineering lines. Comparable as a regional reinsurer serving cedents across emerging Asian markets.

Emerging players

• Peak Reinsurance: Hong Kong-based emerging-Asia focused reinsurer offering multi-line treaty and facultative coverage. Closely comparable in profile as an Asian-focused, growth-stage multi-line reinsurer.

Direct peers

• RGA (Reinsurance Group of America): Global leader in life and health reinsurance. Directly comparable to Himalayan Re's Life and Health reinsurance product line and mortality/morbidity risk underwriting.

Others

• Kenanga Investors (re/insurance comparable in emerging Asia): Listed primarily for context as a Malaysian financial institution with reinsurance-linked activities; included as an adjacent financial-services peer rather than direct reinsurance competitor due to limited direct comparability.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Himalayan-Reinsurance-Limited-100087278475015
• LinkedInlinkedin.com/company/himalayan-reinsurance-limited

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

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 Himalayan Reinsurance