Five local insurers built marine war-risk pool to address uncertainties over unstable conditions in the Middle East The ...

The approval for a domestic maritime insurance pool will reduce cost of cover for Indian vessels, lower reliance on overseas insurers and help build domestic underwriting expertise in complex marine ...

The rapid uptake reflects strong demand from Indian shipowners and maritime companies seeking reliable and competitively ...

Why do we allow insurance pools, especially in health insurance? Obviously it is a moneymaker for the insurance company, but it appears unique to the insurance industry. My neighbors and I don't pay ...

After disruptions in the Strait of Hormuz drove up war-risk premiums and triggered insurance cancellations, the government has moved to set up the Bharat Maritime Insurance Pool (BMIP) -- a domestic ...

With insurance becoming scarce amid the West Asia crisis, the Cabinet on Saturday approved a $1.4-billion (Rs 12,980 crore) sovereign guarantee to back a new industry-led pool that will cover maritime ...

Launched with a $1.4-billion sovereign guarantee, India’s insurance pool aims to shield shipping from global volatility. But shipowners question why the cover should be compulsory.

Amid rising geopolitical tensions in West Asia and growing concerns over global shipping disruptions, the Indian government has launched the ‘Bharat Maritime Insurance Pool’ (BMIP), a $1.5 billion ...

The Australian Competition and Consumer Commission (ACCC) has published its fifth and final mandatory insurance monitoring ...