India considers ₹1,000 crore war-risk cover for shipping
after close1 source ↓written by the desknot a recommendation
- fund to assist
- ₹1,000 crore
The Indian government is evaluating a ₹1,000 crore fund to assist insurers providing war-risk coverage for vessels operating in conflict-affected waters, particularly through the Strait of Hormuz. This initiative comes as global reinsurers withdraw from the region, complicating cargo transport and increasing costs. The proposed fund aims to support domestic insurers amid rising trade disruptions linked to the Iran conflict.
Not investment advice. For informational purposes only.