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

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 ...

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.

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 ...

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

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

New Delhi [India], April 18 (ANI): In a significant decision, the Union Cabinet on Saturday approved the creation of the 'Bharat Maritime Insurance Pool' (BMI pool) with a Rs 12,980 crore sovereign ...

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 ...