Analyzing the Determinant Factor of Corporate Governance with respect to General Insurance Industry in Nepal
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This article analyzes the theoretical and empirical relation between determinant factors of corporate governance and general insurance industry. The determinants were identified and tested relating to general insurance industry in Nepalese context. The mixed method of sequential strategy was employed for collecting the survey data. An empirical analysis was done based on the perception and experiences of 233 employees who have been working in four insurance companies (NECO Insurance Co. Limited, Sagarmatha Insurance Co. Limited, Rastriya Beema Co. Limited, and Shikhar Insurance Co. Limited) of Nepal. The data were collected from five scale Likert structured questionnaires, and the survey date was inferences by correlation and regression analysis tools. The resulting survey data was triangulated with key informants’ views.
The findings hold significant value for multiple stakeholders. Insurance executives gain practical insights for governance improvement, regulators receive evidence-based policy guidance, and investors acquire tools for more informed decision-making. As Nepal's insurance industry continues to evolve, these insights can inform both immediate reforms and longer-term governance development. It is collectively suggested that Nepal's insurance sector has established a solid base of governance practices but faces several areas for improvement.
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