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India’s passenger vehicle sales plunge 24% in September

by AIP Online Bureau | Oct 11, 2019 | Eco/Invest/Demography, Indian News, Non-Life

New Delhi: India's passenger vehicle sales slumped 23.7% in September, the eleventh straight month of declines, prompting an industry body to flag more job cuts if sales failed to pick up soon. Passenger vehicle sales dropped to 223,317 units in September, the...

Cracks found on 5% of older Boeing 737 planes in inspections

by AIP Online Bureau | Oct 11, 2019 | International News, Non-Life, Risk Management

More than 5 per cent of older Boeing Co. 737 jets that underwent urgent inspections worldwide in the past week have cracks in a structure connecting the wings to the fuselage and will have to be temporarily grounded.   So far, 36 of the workhorse Next...

Why strong monsoon rains are not necessarily good news for Indian farmers

by AIP Online Bureau | Oct 11, 2019 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

  India, one of the world's biggest agricultural producers, experienced its heaviest monsoon rains in 25 years this year.While rain would normally cheer the agricultural heartland, the monsoon was erratic and has left many crops damaged. WHY IS THE MONSOON...

One in five organizations doesn’t have cyber insurance: Marsh-Microsoft Study

by AIP Online Bureau | Oct 10, 2019 | Eco/Invest/Demography, Facts, Risk Management, Technology

  Cyber risk is now at the forefront of the corporate risk agenda, but cyber risk management strategies are not keeping pace despite an increasingly complex threat environment and escalating financial impact.    A new global survey of more than 1,300...

Govt may consider hiking bank deposit insurance limit from Rs 1 lakh: Finance Minister

by AIP Online Bureau | Oct 10, 2019 | Eco/Invest/Demography, Indian News

  Mumbai: Union Finance Minister Nirmala Sitharaman on Thursday said she has asked officials to look into steps, including amendments in laws, for better regulation of co-operative banks to prevent cases like the Punjab and Maharashtra Co-operative Bank scam....

Moody’s cuts India GDP growth forecast to 5.8% for FY20

by AIP Online Bureau | Oct 10, 2019 | Eco/Invest/Demography, Indian News

New Delhi: Moody's Investors Service on Thursday slashed its 2019-20 GDP growth forecast for India to 5.8 per cent from 6.2 per cent earlier, saying the economy was experiencing a pronounced slowdown which is partly related to long-lasting factors. The projection...

Life insurers to launch a Rs100 cr ‘Sabse Pehle Life Insurance’ awareness campaign

by AIP Online Bureau | Oct 10, 2019 | Indian News, Life

  Mumbai: Life Insurance Council, the official representative body of all life insurers,  plans to launch Indian life insurance industry’s first joint mass media campaign with the slogan ‘Sabse Pehle Life Insurance’.   The total cost...

India Jumps To 7th Position In Brand Finance Nation Ranking

by AIP Online Bureau | Oct 10, 2019 | Eco/Invest/Demography, Facts

India jumped two levels to 7th position in the Brand Finance Nation ranking of 2019 despite the reduction in the overall economic growth due to slowdown in the manufacturing and construction sectors.   As per the latest report by independent brand valuation...

Business interruption losses in supply chain can be very severe:Lloyd’s Report

by AIP Online Bureau | Oct 10, 2019 | Eco/Invest/Demography, International News, Risk Management

  London: A failure of critical infrastructure on one side of the world can cause catastrophic supply chain losses on the other, according to the report, which analysed three case studies: the 2011 Tohoku Earthquake and Tsunami, the 2011 Thailand Flood, and a...

India slips 10 places on global competitiveness index; Singapore on top

by AIP Online Bureau | Oct 9, 2019 | Eco/Invest/Demography, Facts

  India has moved down 10 places to rank 68th on an annual global competitiveness index, largely due to improvements witnessed by several other economies, while Singapore has replaced the US as the world's most competitive economy.   India, which was...
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