The government has appointed Rajan Bikram Thapa as Chairman of the Nepal Insurance Authority, with the Cabinet approving the appointment following a recommendation from a selection committee formed by the Ministry of Finance. Finance Minister Dr. Swarnim Wagle administered the oath of office and secrecy to Thapa at a ceremony at the ministry in Kathmandu. Thapa previously served as an Executive Director at Nepal Rastra Bank.
Appointment and oath ceremony
Thapa’s appointment followed a selection process led by a committee established by the Ministry of Finance. The committee recommended him for the chairmanship, and the Cabinet approved the recommendation at its meeting. The government’s decision formalises his move from Nepal Rastra Bank, where he had been serving as an Executive Director, to the leadership of the Nepal Insurance Authority.
The oath ceremony took place at the Ministry of Finance in Kathmandu. Finance Minister Dr. Swarnim Wagle administered both the oath of office and the oath of secrecy to Thapa. The ceremony marked the formal assumption of his new role after the Cabinet’s approval. Reports by RatoPati and Nepal Press also reported his appointment and the oath ceremony.
From Nepal Rastra Bank to the insurance regulator
Before his appointment, Thapa was an Executive Director at Nepal Rastra Bank. His previous position places his move to the insurance authority within Nepal’s financial sector, although the announcement details provided no further information about his work record or the responsibilities he will take up as chairman.
The appointment involved three steps: the Ministry of Finance formed a selection committee, that committee recommended Thapa, and the Cabinet approved the recommendation. The oath administered by Wagle followed the Cabinet decision. These details establish the process through which Thapa was selected and formally took up the chairmanship, without indicating any additional terms or conditions of his appointment.
What is confirmed about the decision
The confirmed details are the Cabinet’s approval, the selection committee’s recommendation, Thapa’s previous role at Nepal Rastra Bank and the oath ceremony at the Ministry of Finance in Kathmandu. No further information was provided about the selection criteria, the length of Thapa’s term, or the Authority’s immediate priorities under his leadership.
Thapa now takes the chairmanship of the Nepal Insurance Authority after serving as an Executive Director at the central bank. The appointment and oath bring the selection process described by the government to its formal conclusion, with Wagle administering the required oaths at the ministry ceremony.
