- India plans its own maritime insurance entity, India Club, initially focusing on domestic routes for third-party coverage.
- The cooperative model, supported by the Ministry of Ports, aims to reduce costs for shipping lines.
- The initiative may later expand to cover international routes, minimizing vulnerability to coverage denial.
India is planning to establish its own Protection and Indemnity (P&I) entity called India Club to offer third-party maritime insurance to Indian ships operating in...