Mumbai - India’s Bharat Maritime Insurance Pool (BMIP) issued 3,000 cargo war insurance policies within four months of its launch, expanding domestic cover for trade exposed to conflict-related risks.
As of 7 September 2026, the pool had also issued 92 hull war-risk policies and three protection and indemnity (P&I) policies, according to a government factsheet released on 27 September. The figures indicate early uptake of the sovereign-backed facility among shipping and cargo interests.
War-Risk Premiums Ease
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