Nepal’s non-life insurance companies have paid out about US$26.1 million so far for damages linked to the GenZ Movement protests, even though total reported claims have climbed to roughly US$166.6 million, according to the Insurance Board. This means most claims — nearly US$140 million — are still waiting to be verified or processed.
Property damage makes up the biggest share of losses. Insurers have received 693 property-related claims worth around US$135.2 million. These include damage to buildings, shops, offices, and personal property. The scale of destruction has put heavy pressure on insurers, who are now dealing with one of the largest waves of claims in recent years.