In less than a fortnight of its announcement, private insurers have already committed Rs 1,100 crore to the pool; plans are ...
The approval comes as geopolitical instability increases exposure to losses involving vessels and cargo.
With global shipping routes disrupted due to the West Asia conflict, the Centre Saturday announced the creation of a domestic insurance pool, Bharat Maritime Insurance Pool, with a sovereign guarantee ...
MUMBAI, April 18 (Reuters) - India has approved a maritime insurance pool of 129.8 billion Indian rupees ($1.40 billion), Ashwini Vaishnav, minister for Information and Broadcasting, said on Saturday.
MUMBAI, April 18 (Reuters) - India has approved a 129.8-billion-rupee ($1.4 billion) guarantee for a maritime insurance pool, a minister said on Saturday, as wars and sanctions prompt insurers to ...