INSA

IRDAI Is Developing A P&I Club To Help Improve Maritime Insurance In India

The Insurance Regulatory and Development Authority of India (IRDAI) is in talks with Indian National Shipowners Association (INSA) to develop a protection and indemnity insurance club (P&I club) in India, a move that will support the development of a marine insurance market in India, said insurance sector players at a Maritime India Summit, reports The Hindu Business Line.

What is P&I club?

Marine premium formed about 2 per cent of the gross domestic premium in FY20. India has been looking to put...

https://mfame.guru/irdai-is-developing-a-pi-club-to-help-improve-maritime-insurance-in-india/

INSA Seeks Government Intervention To Combat Rising Piracy

The Indian National Ship owners’ Association (INSA) has requested the intervention of the Government of India following the recent Pirate Attack in Gulf of Guinea, reports the Week.

Spike in Piracy

In an unfortunate development recently, pirates captured 15 Seafarers and killed one off the Coast of Nigeria in the Gulf of Guinea. INSA has requested the Indian Government to intervene into the matter at the highest level and take it to United Nations Security Council (UNSC), where it currently...

https://mfame.guru/insa-seeks-government-intervention-to-combat-rising-piracy/