Indian Government Approves $1.4 Billion Maritime Insurance Pool
The Indian Union Cabinet has approved the creation of a $1.4 billion maritime insurance pool to ensure uninterrupted marine insurance availability for Indian vessels. The initiative aims to reduce reliance on foreign insurers and safeguard trade continuity amid geopolitical risks. The pool will cover key marine risks and be managed by a governing body.
Topics: geopolitical risk government policy maritime insurance maritime trade sovereign guarantee