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 ...

Pennsylvania has submitted its proposal for a temporary high-risk insurance pool. The pool would be designated for a limited number of uninsured residents who have health conditions that preclude them ...

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 ...

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 ...

To extend affordable shipping insurance cover amid the West Asia conflict, the government on Tuesday launched the ‘Bharat Maritime Insurance Pool’ (BMIP), a $1.5 billion domestic insurance mechanism ...

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.

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 ...

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

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.