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Insurance

28 July 2020
Jia Wan Why business interruption insurance covers only losses resulting from damage to property

China - AnJie Law Firm

The rapid spread of the COVID-19 pandemic has affected business operations worldwide. For many companies, business interruption (BI) as a result of the pandemic is one of the greatest operational risks of 2020. Although many companies are insured against BI, their coverage may not extend as far as they believe. For example, compensation under a BI policy is often based on the condition that damage to property has occurred. This article sheds some light on this rule.

Authors: Jia Wan, Liu Sichen
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Shubhangi Pathak FDI in insurance intermediaries – update

India - Tuli & Co

Despite the relaxation of the foreign investment limits for insurance intermediaries, insurance intermediation remains a regulated activity. In this respect, the Insurance Regulatory Development Authority of India recently issued guidelines on the repatriation of dividends by insurance intermediaries with a majority foreign investment and a circular mandating the submission of an undertaking by insurance intermediaries.

Authors: Shubhangi Pathak, Priya Misra, Nimisha Srivastava
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