Economic Times · India ·

India establishes sovereign maritime insurance pool with ₹12,980 crore guarantee

→State-backed insurance available for India-linked shipping risks

Supply Chain & Logistics Insurance
Change
India approved a sovereign-backed maritime insurance pool covering cargo, hull, P&I and war risks for India-linked vessels.
Why it matters
The pool provides a domestic alternative to global insurers, ensuring coverage availability during geopolitical disruptions or sanctions-related risk spikes.
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Source
Economic Times
View on Economic Times

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