Insurers want to issue right shares rather than going for merger to raise capital base

Insurers want to issue right shares rather than going for merger to raise capital base
By Republica
Published: April 26, 2022 07:30 PM

KATHMANDU, April 26: Most of the insurance companies have sought to issue right shares in order to raise their capital base that has been made mandatory by the Insurance Board (IB).

According to IB, 34 insurers submitted their capital increment plans to the regulator in the stipulated deadline that ended on Sunday. The IB has asked the life insurance companies to increase their paid-up capital to Rs 5 billion from the existing Rs 2 billion.

Similarly, non-life insurers will have to raise their capital to Rs 2.50 billion from Rs 1 billion. The IB has fixed the deadline of mid-April 2023 for the insurance companies to raise their capital bases.

Although the IB has been pushing hard to take the insurers to merger through an excessive increase in the capital requirement, most of the companies are not willing to go for a merger. According to the IB, the government-owned Rastriya Beema Sansthan and Rastriya Beema Company along with private sector run The Oriental Insurance Company and National Insurance Company are yet to submit their plans to increase their capital bases.  

 

MessagesTimelineExceptionsViews1RouteQueries10Models16MailsGateSessionRequest
Request history8.2.19PHP Version5.93sRequest Duration6MBMemory UsageGET amp/news/{slug}Route
    • Booting (12.03ms)time
    • Application (5.92s)time
    • 1 x Application (99.8%)
      5.92s
      1 x Booting (0.2%)
      12.03ms
      1 templates were rendered
      • frontend.amp-detailamp-detail.blade.php#?blade
      uri
      GET amp/news/{slug}
      middleware
      web, mynews, kyc
      controller
      App\Http\Controllers\Frontend\News\NewsController@getBySlug
      namespace
      prefix
      where
      as
      news.slug
      file
      app/Http/Controllers/Frontend/News/NewsController.php:276-373
      10 statements were executed5.88s
      • NewsController.php#297republica1996msselect `id`, `title`, `content`, `excerpt`, `permalink`, `pub_date`, `is_subscriber_only`, `is_subscriber_user`, `is_free`, `is_logged_in_user`, `content`, `caption`, `news_slug`, `exclusive_news` from `news` where `permalink` = 'insurers-want-to-issue-right-shares-rather-than-going-for-merger-to-raise-capital-base' and `status` = 1 limit 1
        Bindings
        • 0: insurers-want-to-issue-right-shares-rather-than-going-for-merger-to-raise-capital-base
        • 1: 1
        Backtrace
        • app/Http/Controllers/Frontend/News/NewsController.php:297
        • vendor/laravel/framework/src/Illuminate/Cache/Repository.php:426
        • app/Http/Controllers/Frontend/News/NewsController.php:291
        • vendor/laravel/framework/src/Illuminate/Routing/Controller.php:54
        • vendor/laravel/framework/src/Illuminate/Routing/ControllerDispatcher.php:43
      • NewsController.php#297republica1760μsselect `attachments`.`id`, `directory`, `file`, `news_has_attachments`.`news_id` as `pivot_news_id`, `news_has_attachments`.`attachment_id` as `pivot_attachment_id`, `news_has_attachments`.`created_at` as `pivot_created_at`, `news_has_attachments`.`updated_at` as `pivot_updated_at` from `attachments` inner join `news_has_attachments` on `attachments`.`id` = `news_has_attachments`.`attachment_id` where `news_has_attachments`.`is_featured_image` = '0' and `news_has_attachments`.`news_id` in (126021)
        Bindings
        • 0: 0
        Backtrace
        • app/Http/Controllers/Frontend/News/NewsController.php:297
        • vendor/laravel/framework/src/Illuminate/Cache/Repository.php:426
        • app/Http/Controllers/Frontend/News/NewsController.php:291
        • vendor/laravel/framework/src/Illuminate/Routing/Controller.php:54
        • vendor/laravel/framework/src/Illuminate/Routing/ControllerDispatcher.php:43
      • NewsController.php#297republica1530μsselect `categories`.`id`, `name`, `news_has_categories`.`news_id` as `pivot_news_id`, `news_has_categories`.`category_id` as `pivot_category_id`, `news_has_categories`.`created_at` as `pivot_created_at`, `news_has_categories`.`updated_at` as `pivot_updated_at` from `categories` inner join `news_has_categories` on `categories`.`id` = `news_has_categories`.`category_id` where `news_has_categories`.`news_id` in (126021)
        Backtrace
        • app/Http/Controllers/Frontend/News/NewsController.php:297
        • vendor/laravel/framework/src/Illuminate/Cache/Repository.php:426
        • app/Http/Controllers/Frontend/News/NewsController.php:291
        • vendor/laravel/framework/src/Illuminate/Routing/Controller.php:54
        • vendor/laravel/framework/src/Illuminate/Routing/ControllerDispatcher.php:43
      • NewsController.php#297republica1490μsselect `attachments`.`id`, `directory`, `file`, `news_has_attachments`.`news_id` as `pivot_news_id`, `news_has_attachments`.`attachment_id` as `pivot_attachment_id`, `news_has_attachments`.`created_at` as `pivot_created_at`, `news_has_attachments`.`updated_at` as `pivot_updated_at` from `attachments` inner join `news_has_attachments` on `attachments`.`id` = `news_has_attachments`.`attachment_id` where `news_has_attachments`.`is_featured_image` = '1' and `news_has_attachments`.`news_id` in (126021)
        Bindings
        • 0: 1
        Backtrace
        • app/Http/Controllers/Frontend/News/NewsController.php:297
        • vendor/laravel/framework/src/Illuminate/Cache/Repository.php:426
        • app/Http/Controllers/Frontend/News/NewsController.php:291
        • vendor/laravel/framework/src/Illuminate/Routing/Controller.php:54
        • vendor/laravel/framework/src/Illuminate/Routing/ControllerDispatcher.php:43
      • NewsController.php#297republica1530μsselect `authors`.`id`, `name`, `avatar`, `news_has_authors`.`news_id` as `pivot_news_id`, `news_has_authors`.`author_id` as `pivot_author_id`, `news_has_authors`.`created_at` as `pivot_created_at`, `news_has_authors`.`updated_at` as `pivot_updated_at` from `authors` inner join `news_has_authors` on `authors`.`id` = `news_has_authors`.`author_id` where `news_has_authors`.`news_id` in (126021)
        Backtrace
        • app/Http/Controllers/Frontend/News/NewsController.php:297
        • vendor/laravel/framework/src/Illuminate/Cache/Repository.php:426
        • app/Http/Controllers/Frontend/News/NewsController.php:291
        • vendor/laravel/framework/src/Illuminate/Routing/Controller.php:54
        • vendor/laravel/framework/src/Illuminate/Routing/ControllerDispatcher.php:43
      • NewsController.php#388republica13.83sselect `id`, `title`, `excerpt`, `permalink`, `pub_date`, `is_subscriber_only`, MATCH(title, excerpt) AGAINST ('Insurers want to issue right shares rather than going for merger to raise capital base' IN BOOLEAN MODE) as score from `news` where `id` != 126021 and `status` = 1 order by `score` desc, `pub_date` desc limit 6
        Bindings
        • 0: 126021
        • 1: 1
        Backtrace
        • app/Http/Controllers/Frontend/News/NewsController.php:388
        • vendor/laravel/framework/src/Illuminate/Cache/Repository.php:426
        • app/Http/Controllers/Frontend/News/NewsController.php:380
        • app/Http/Controllers/Frontend/News/NewsController.php:306
        • vendor/laravel/framework/src/Illuminate/Routing/Controller.php:54
      • NewsController.php#388republica1930μsselect `attachments`.`id`, `directory`, `file`, `news_has_attachments`.`news_id` as `pivot_news_id`, `news_has_attachments`.`attachment_id` as `pivot_attachment_id`, `news_has_attachments`.`created_at` as `pivot_created_at`, `news_has_attachments`.`updated_at` as `pivot_updated_at` from `attachments` inner join `news_has_attachments` on `attachments`.`id` = `news_has_attachments`.`attachment_id` where `news_has_attachments`.`is_featured_image` = '0' and `news_has_attachments`.`news_id` in (125306, 134495, 143742, 144856, 149684, 156808)
        Bindings
        • 0: 0
        Backtrace
        • app/Http/Controllers/Frontend/News/NewsController.php:388
        • vendor/laravel/framework/src/Illuminate/Cache/Repository.php:426
        • app/Http/Controllers/Frontend/News/NewsController.php:380
        • app/Http/Controllers/Frontend/News/NewsController.php:306
        • vendor/laravel/framework/src/Illuminate/Routing/Controller.php:54
      • NewsController.php#388republica1590μsselect `attachments`.`id`, `directory`, `file`, `news_has_attachments`.`news_id` as `pivot_news_id`, `news_has_attachments`.`attachment_id` as `pivot_attachment_id`, `news_has_attachments`.`created_at` as `pivot_created_at`, `news_has_attachments`.`updated_at` as `pivot_updated_at` from `attachments` inner join `news_has_attachments` on `attachments`.`id` = `news_has_attachments`.`attachment_id` where `news_has_attachments`.`is_featured_image` = '1' and `news_has_attachments`.`news_id` in (125306, 134495, 143742, 144856, 149684, 156808)
        Bindings
        • 0: 1
        Backtrace
        • app/Http/Controllers/Frontend/News/NewsController.php:388
        • vendor/laravel/framework/src/Illuminate/Cache/Repository.php:426
        • app/Http/Controllers/Frontend/News/NewsController.php:380
        • app/Http/Controllers/Frontend/News/NewsController.php:306
        • vendor/laravel/framework/src/Illuminate/Routing/Controller.php:54
      • NewsController.php#416republica11.05sselect `id`, `title`, `excerpt`, `permalink`, `pub_date`, `is_subscriber_only`, `read_time`, `news_slug` from `news` where `pub_date` between '2025-04-27 21:00:06' and '2025-04-28 21:00:06' and `id` not in (126021) and `status` = 1 order by `view_count` desc limit 3
        Bindings
        • 0: 2025-04-27 21:00:06
        • 1: 2025-04-28 21:00:06
        • 2: 126021
        • 3: 1
        Backtrace
        • app/Http/Controllers/Frontend/News/NewsController.php:416
        • vendor/laravel/framework/src/Illuminate/Cache/Repository.php:426
        • app/Http/Controllers/Frontend/News/NewsController.php:410
        • app/Http/Controllers/Frontend/News/NewsController.php:315
        • vendor/laravel/framework/src/Illuminate/Routing/Controller.php:54
      • UpdateNewsVisitListener.php#27republica11.03msupdate `news` set `view_count` = `view_count` + 1, `news`.`updated_at` = '2025-04-28 21:00:07' where `id` = 126021 and `status` = 1
        Bindings
        • 0: 2025-04-28 21:00:07
        • 1: 126021
        • 2: 1
        Backtrace
        • app/Listeners/UpdateNewsVisitListener.php:27
        • vendor/laravel/framework/src/Illuminate/Foundation/helpers.php:473
        • vendor/laravel/framework/src/Illuminate/Routing/Controller.php:54
        • vendor/laravel/framework/src/Illuminate/Routing/ControllerDispatcher.php:43
        • vendor/laravel/framework/src/Illuminate/Routing/Route.php:264
      App\Models\News
      7News.php#?
      App\Models\Attachment
      7Attachment.php#?
      App\Models\Category
      1Category.php#?
      App\Models\Author
      1Author.php#?
          _token
          OyTyh3hKxZgvSXDdmWhpNBi4anLKdt8aVOGScxXw
          subscriber_only_page
          https://newtest.myrepublica.com/amp/news/insurers-want-to-issue-right-shares-rather-than-going-for-m...
          _previous
          array:1 [ "url" => "https://newtest.myrepublica.com/amp/news/insurers-want-to-issue-right-shares-r...
          _flash
          array:2 [ "old" => [] "new" => [] ]
          path_info
          /amp/news/insurers-want-to-issue-right-shares-rather-than-going-for-merger-to-raise-capital-base
          status_code
          200
          status_text
          OK
          format
          html
          content_type
          text/html; charset=UTF-8
          request_query
          []
          request_request
          []
          request_headers
            0 of 0   
          array:24 [▼
  "accept" => array:1 [▶
    0 => "text/html,application/xhtml+xml,application/xml;q=0.9,image/avif,image/webp,image/apng,*/*;q=0.8,application/signed-exchange;v=b3;q=0.7"
  ]
  "user-agent" => array:1 [▶
    0 => "Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)"
  ]
  "upgrade-insecure-requests" => array:1 [▶
    0 => "1"
  ]
  "sec-ch-ua-platform" => array:1 [▶
    0 => ""Windows""
  ]
  "sec-ch-ua-mobile" => array:1 [▶
    0 => "?0"
  ]
  "sec-ch-ua" => array:1 [▶
    0 => ""HeadlessChrome";v="129", "Not=A?Brand";v="8", "Chromium";v="129""
  ]
  "cache-control" => array:1 [▶
    0 => "no-cache"
  ]
  "pragma" => array:1 [▶
    0 => "no-cache"
  ]
  "connection" => array:1 [▶
    0 => "Keep-Alive"
  ]
  "sec-fetch-mode" => array:1 [▶
    0 => "navigate"
  ]
  "cf-ipcountry" => array:1 [▶
    0 => "US"
  ]
  "cf-connecting-ip" => array:1 [▶
    0 => "3.20.206.27"
  ]
  "sec-fetch-user" => array:1 [▶
    0 => "?1"
  ]
  "sec-fetch-dest" => array:1 [▶
    0 => "document"
  ]
  "cf-visitor" => array:1 [▶
    0 => "{"scheme":"https"}"
  ]
  "priority" => array:1 [▶
    0 => "u=0, i"
  ]
  "cookie" => array:1 [▶
    0 => "XSRF-TOKEN=eyJpdiI6InY3RlRMdUlUU2Q5WkZYU053R3pkL1E9PSIsInZhbHVlIjoicFhvczFMTWtYeWdMVzlGekZnV2tPd0w0VWthdGFGYmVkeHRYRFFCamRoS2lpbHhvbU16d3B5Z3pHWEV3QzF3ZTdSdWxLQWZWTXBlNFBiN1Blc1NvNGtKQXFVLzdGUUdEcytYa2FCRFFhSFhZVU0vSjdVZHRnYVB4YWIvSmF6dFIiLCJtYWMiOiJhMjI3NGM0YWJjZTQyOTE2NmU1NWRlYzk4NWQ5MWU5NTJlMzk3MjJhZDVlMmExODY1MTIxZTlmYzMxMWM5ZjZkIiwidGFnIjoiIn0%3D; republica_session=eyJpdiI6IjRYRXBqK2pLSVpzZnF3WU1pYVRSSmc9PSIsInZhbHVlIjoieGltQ29IRjRsOEhCcU84R0NyKzZVcjlaN3BJVGJQNnRhcFhhRXVYRW1IOWpmR2NJSzlHL1hJMkRXcTlUY2RHNUhCcWw1aDZJVks5RzJLM3BCcHBOTnk2L0w3NFFNOEtPSzdjbUYzVk5TQjVOeEU2NW9tSzdDdW1PZlRmbTU4SVkiLCJtYWMiOiJiNmEwNDYzZmIzYTU2NTkxY2FiZmRjMWZjMmFkNDc3MmVlN2IyMGExYmUxNzM2YjYxNDU0MDY4YzYzNzZhMWZkIiwidGFnIjoiIn0%3D ◀XSRF-TOKEN=eyJpdiI6InY3RlRMdUlUU2Q5WkZYU053R3pkL1E9PSIsInZhbHVlIjoicFhvczFMTWtYeWdMVzlGekZnV2tPd0w0VWthdGFGYmVkeHRYRFFCamRoS2lpbHhvbU16d3B5Z3pHWEV3QzF3ZTdSdWxLQ ▶"
  ]
  "x-forwarded-proto" => array:1 [▶
    0 => "https"
  ]
  "cdn-loop" => array:1 [▶
    0 => "cloudflare; loops=1"
  ]
  "accept-encoding" => array:1 [▶
    0 => "gzip, br"
  ]
  "sec-fetch-site" => array:1 [▶
    0 => "none"
  ]
  "host" => array:1 [▶
    0 => "newtest.myrepublica.com"
  ]
  "x-forwarded-for" => array:1 [▶
    0 => "3.20.206.27"
  ]
  "cf-ray" => array:1 [▶
    0 => "9377833c0aa1803a-ORD"
  ]
]
          request_cookies
            0 of 0   
          array:2 [▼
  "XSRF-TOKEN" => "OyTyh3hKxZgvSXDdmWhpNBi4anLKdt8aVOGScxXw"
  "republica_session" => "wpJVEGkiga2W7Q2ylc284cMX4VQXG0vlOOBC3uo6"
]
          response_headers
            0 of 0   
          array:5 [▼
  "content-type" => array:1 [▶
    0 => "text/html; charset=UTF-8"
  ]
  "cache-control" => array:1 [▶
    0 => "no-cache, private"
  ]
  "date" => array:1 [▶
    0 => "Mon, 28 Apr 2025 15:15:07 GMT"
  ]
  "set-cookie" => array:2 [▶
    0 => "XSRF-TOKEN=eyJpdiI6IjBOLzB0cElJNytGVkxOTG1LY01CYXc9PSIsInZhbHVlIjoiYkR2WFhkOTVzQzdQSDFFbGphSlBQVmg1N0E4SXVnTXV6K2ViVWZYbHBHREx0eFByei9sTyswenJ2bk1LeFl6T1psRHFFUE1LQzZMTmRVVGtIdVNiTHFsWGZwbW54c2Z6d2FWd1FPZlE0Nm4ydzkvTzZFb2VBQ1YvMzQvZ1pLcU0iLCJtYWMiOiJlNWMxYzMyNTM3MWY2NDg4ZjcyOWY4MDIzMDk1NDU2NmU1MjM4ZWRhNGM2YTBkZDk1NTc0MjNiZDhiMDg4MDczIiwidGFnIjoiIn0%3D; expires=Tue, 28 Apr 2026 15:15:07 GMT; Max-Age=31536000; path=/; secure; samesite=lax ◀XSRF-TOKEN=eyJpdiI6IjBOLzB0cElJNytGVkxOTG1LY01CYXc9PSIsInZhbHVlIjoiYkR2WFhkOTVzQzdQSDFFbGphSlBQVmg1N0E4SXVnTXV6K2ViVWZYbHBHREx0eFByei9sTyswenJ2bk1LeFl6T1psRHFFU ▶"
    1 => "republica_session=eyJpdiI6IkM2YmlLay9oSVVVdDQ5LzhpNSs3dnc9PSIsInZhbHVlIjoiZ2g1MVpzMDVhdmttWjJobktIUlpwNVowRWJhMnJCcDllckIrSXlac2RGZ0dmdmpLSjhQZ2g3cVFMSW1Xekx6S28xYkIrUVVRRlJaNlc0UXJPYzhBYjMxc2R6aTVCQkk0ZnhldTNGUDBFVk1tR2ZtMmVtQzRJbDN5OFVETnRlM3oiLCJtYWMiOiI2NGM2MzhiNzgzODkwNmQ2ZDNkMDg4Y2U2NWYyNjAyYTZjNTdhYTVlM2FlMzQzYTQ2NTA5Yzk5NDAxMWFjNTAxIiwidGFnIjoiIn0%3D; expires=Tue, 28 Apr 2026 15:15:07 GMT; Max-Age=31536000; path=/; secure; httponly; samesite=lax ◀republica_session=eyJpdiI6IkM2YmlLay9oSVVVdDQ5LzhpNSs3dnc9PSIsInZhbHVlIjoiZ2g1MVpzMDVhdmttWjJobktIUlpwNVowRWJhMnJCcDllckIrSXlac2RGZ0dmdmpLSjhQZ2g3cVFMSW1Xekx6S2 ▶"
  ]
  "Set-Cookie" => array:2 [▶
    0 => "XSRF-TOKEN=eyJpdiI6IjBOLzB0cElJNytGVkxOTG1LY01CYXc9PSIsInZhbHVlIjoiYkR2WFhkOTVzQzdQSDFFbGphSlBQVmg1N0E4SXVnTXV6K2ViVWZYbHBHREx0eFByei9sTyswenJ2bk1LeFl6T1psRHFFUE1LQzZMTmRVVGtIdVNiTHFsWGZwbW54c2Z6d2FWd1FPZlE0Nm4ydzkvTzZFb2VBQ1YvMzQvZ1pLcU0iLCJtYWMiOiJlNWMxYzMyNTM3MWY2NDg4ZjcyOWY4MDIzMDk1NDU2NmU1MjM4ZWRhNGM2YTBkZDk1NTc0MjNiZDhiMDg4MDczIiwidGFnIjoiIn0%3D; expires=Tue, 28-Apr-2026 15:15:07 GMT; path=/; secure ◀XSRF-TOKEN=eyJpdiI6IjBOLzB0cElJNytGVkxOTG1LY01CYXc9PSIsInZhbHVlIjoiYkR2WFhkOTVzQzdQSDFFbGphSlBQVmg1N0E4SXVnTXV6K2ViVWZYbHBHREx0eFByei9sTyswenJ2bk1LeFl6T1psRHFFU ▶"
    1 => "republica_session=eyJpdiI6IkM2YmlLay9oSVVVdDQ5LzhpNSs3dnc9PSIsInZhbHVlIjoiZ2g1MVpzMDVhdmttWjJobktIUlpwNVowRWJhMnJCcDllckIrSXlac2RGZ0dmdmpLSjhQZ2g3cVFMSW1Xekx6S28xYkIrUVVRRlJaNlc0UXJPYzhBYjMxc2R6aTVCQkk0ZnhldTNGUDBFVk1tR2ZtMmVtQzRJbDN5OFVETnRlM3oiLCJtYWMiOiI2NGM2MzhiNzgzODkwNmQ2ZDNkMDg4Y2U2NWYyNjAyYTZjNTdhYTVlM2FlMzQzYTQ2NTA5Yzk5NDAxMWFjNTAxIiwidGFnIjoiIn0%3D; expires=Tue, 28-Apr-2026 15:15:07 GMT; path=/; secure; httponly ◀republica_session=eyJpdiI6IkM2YmlLay9oSVVVdDQ5LzhpNSs3dnc9PSIsInZhbHVlIjoiZ2g1MVpzMDVhdmttWjJobktIUlpwNVowRWJhMnJCcDllckIrSXlac2RGZ0dmdmpLSjhQZ2g3cVFMSW1Xekx6S2 ▶"
  ]
]
          session_attributes
            0 of 0   
          array:4 [▼
  "_token" => "OyTyh3hKxZgvSXDdmWhpNBi4anLKdt8aVOGScxXw"
  "subscriber_only_page" => "https://newtest.myrepublica.com/amp/news/insurers-want-to-issue-right-shares-rather-than-going-for-merger-to-raise-capital-base"
  "_previous" => array:1 [▶
    "url" => "https://newtest.myrepublica.com/amp/news/insurers-want-to-issue-right-shares-rather-than-going-for-merger-to-raise-capital-base"
  ]
  "_flash" => array:2 [▶
    "old" => []
    "new" => []
  ]
]
          ClearShow all
          Date ↕MethodURLData
          #12025-04-28 21:00:07GET/amp/news/insurers-want-to-issue-right-shares-rather-than-going-for-merger-to-raise-capital-base11016