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

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 ...

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 ...

BMIP, launched by government, will function complimentary to international insurers as its global recognition requires time ...

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

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 ...

New Delhi [India], May 13 (ANI): The Department of Financial Services, Ministry of Finance, held an event chaired by the Secretary, DFS, M Nagaraju to launch the domestic insurance pool, namely ...

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 ...

THE country’s first agricultural co-insurance pool is expected to be launched five months before the May 2028 elections. This was announced by Agriculture Assistant Secretary Arnel V. De Mesa after ...