New Delhi - The Bharat Maritime Insurance Pool (BMIP), launched in May 2026 to provide uninterrupted insurance coverage for Indian-flagged and Indian-controlled vessels amid escalating geopolitical risks, has crossed a significant milestone by underwriting maritime risks worth over ₹40,000 crore. The pool has issued more than 550 insurance policies, reflecting strong industry acceptance and growing confidence among Indian shipowners and maritime companies.
The majority of the policies cover war-related maritime risks, including Hull & Machinery, Cargo, and Protection & Indemnity (P&I . . .
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