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Warehousing demand in 8 major cities drops 29% in Jan-Mar, new supply down 14%: Report

by AIP Online Bureau | May 11, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Non-Life

  New Delhi:  Warehousing space leasing fell 29 per cent to 5.9 million sq ft and new supply declined 14 per cent to 9 million sq ft in the first quarter of this calendar year across eight major cities in the country amid coronavirus outbreak, according to...

Aon sets up MGA with world’s largest capacity for Intellectual Property Liability Risks

by AIP Online Bureau | May 11, 2020 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology

  Chicago: Aon plc today announced the establishment of a new underwriting platform featuring the world's largest known delegated capacity for intellectual property liability risks.   It is the latest offering from Aon to meet the changing needs of...

India’s automakers warn of up to 45% sales drop as economy slumps amid pandemic

by AIP Online Bureau | May 11, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  New Delhi: India's automakers have warned that total automobile sales could fall as much as 45 percent in the current fiscal year in a worst-case scenario as economic growth slumps due to the COVID-19 pandemic, and they are seeking government help through...

Covid-19 Pandemic:Life insurers’ lose 33% of their new prm income, 63% of policy sales in Apr FY 2020-21

by AIP Online Bureau | May 11, 2020 | Indian News, Life

  Mumbai: Amidst nationwide lockdown due to the spread of Caronavirus Pandemic, the domestic life insurance industry led by the state owned Life Insurance Corporation(LIC)  has degrown by 33 per cent year on year(Y-O-Y) to Rs 6727 crore in its new premium...

Covid-19 Pandemic:IRDA further extends grace period for paying life premium till May 30

by AIP Online Bureau | May 11, 2020 | Indian News, Life, Regulation, Reinsurance

  Hyderabad: On a review of the recent situation of lockdown resulting from global pandemic of Covid19 across the country and representations received, IRDAI has decided that, for all life insurance policies where the premium falls due in the month of March 2020,...
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