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India launches maritime insurance pool to keep trade afloat in conflict zones
Business
Published on 24 April 2026
Public insurers fill the gap after global coverage pulls back
Indian public sector insurers have created a maritime risk-sharing pool to protect shipping to conflict-affected areas as international insurers reduce or withdraw coverage. The move targets rising uncertainty from renewed hostilities, aiming to keep sea trade moving by sharing losses within the pool and stepping in where global underwriting has become risk-averse.
- PSU insurers set up a maritime risk-sharing pool
- The plan supports shipping to conflict-stricken areas
- It addresses retreating international insurance cover
- Risk costs are shared to keep trade viable
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times