Kathmandu: Shikhar Insurance Company has made history by becoming the first insurance company in Nepal to receive the coveted Merit Certificate from the South Asian Federation of Accountants (SAFA).
The award, one of the most respected recognitions in South Asia, honours outstanding financial reporting, transparency, good governance, and accountability practices.
Shikhar Insurance says the honour is not just a personal milestone for the company but a proud moment for the entire Nepali insurance sector. It reflects years of hard work in strengthening corporate governance, maintaining strict financial discipline, and making information clear and reliable for shareholders and the public.
The company has consistently improved its disclosure standards, upgraded the quality of its reports, and ensured that financial statements are accurate, timely, and easy to understand – efforts that have now been independently recognized at the regional level.
Officials at Shikhar Insurance thanked SAFA and dedicated the award to their team and customers, adding that it will motivate them to set even higher standards in the years ahead.

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