The insurance market of Nepal, despite its significant potential, has long remained in the shadows, like a "sleeping giant". The relevance of its awakening and dynamic development today is difficult to overestimate. In the context of growing economic uncertainty, aggravated by climate change and new technological challenges such as cyber threats, insurance is becoming not just a financial instrument, but a vital element of the economic stability and social well-being of the nation. Nepal's economy has traditionally relied on agriculture, which provides employment for a large part of the population and makes a significant contribution to the GDP.1, and on money transfers from labor migrants.2Both of these pillars of the national economy are exposed to serious risks. The agricultural sector suffers from the effects of climate change, including droughts, floods and other natural disasters, while the flow of remittances can be unstable due to global economic downturns or political changes in the host countries. In this context, insurance is a key risk management mechanism that can increase the resilience of both individual households and the economy as a whole. Current low penetration of insurance services8 indicates a huge untapped potential of the market, which, with the right approach, can become one of the drivers of economic growth.