India's new maritime insurance pool has received its first claim. A vessel covered by the arrangement was damaged in a drone ...

India's Bharat Maritime Insurance Pool is assessing its inaugural claim after a drone attack damaged a covered vessel, testing the sovereign-backed war-risk mechanism.

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 ...

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 ...

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

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

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 ...

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

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 ...