As a joint venture between NB Group (Nepal) Pvt. Ltd, its associate companies and NB Bank, NB Insurance was established in 2001 and commenced its operation from February 1st 2001 (Magh 19, 2057). NB Insurance Company is established as General Insurance Company promoted by a team of reputed industrialist and Business Houses involved in various fields like Banking, Trading, and Hydropower etc. For over 15 years, NB Insurance Company has helped individual and institutional customers to grow and protect their wealth.

NB Insurance officially rebranded as IME General Insurance in November 2017. This rebranding followed IME Group’s takeover of NB Insurance in January 2015, with operations resuming under new management in June 2015.