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 ...

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 ...

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

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 ...

https://www.thehindubusinessline.com/economy/logistics/bharat-maritime-insurance-pool-underwriting-capacity-to-be-created-will-be-inadequate-industry-experts ...

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 ...

India currently owns just over 1,500 ships -- barely 1.2 per cent of the global shipping fleet. For years, India's maritime ambitions had one big gap. The country wanted more ships. Bigger ports.

THE Nigerian Insurers Association (NIA) has formed a $4million pool to boost oil and gas insurance business. The Commissioner for Insurance, Mr. Fola Daniel inaugurated the Technical Management Board ...