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 ...

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 ...

Amid rising geopolitical tensions in West Asia and growing concerns over global shipping disruptions, the Indian government has launched the ‘Bharat Maritime Insurance Pool’ (BMIP), a $1.5 billion ...

As the conflict in West Asia disrupts crude and gas supply chains — partly due to reduced vessel movement linked to insurance constraints — the Union Cabinet, on Saturday, approved creation of the ...

Mumbai: With the cessation of hostilities between the US and Iran hopes have risen of normalization of trade, but Indian ...

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has decided to carry out technical engagements among provinces, federal government and insurance sector for creation of an ...