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India expands Russian marine insurance options

India expands Russian marine insurance options

by AIP Online Bureau | Apr 20, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

India has ⁠also extended the registration of Russia’s Soglasie Insurance, Sberbank Insurance, ​Ugoria Insurance Group and ASTK Insurance until February 20, 2027, ​to provide protection and indemnity (P&I) cover for ships. It has allowed Dubai-based Islamic...
Some tankers cross Strait of Hormuz before shots fired, ship-tracking data shows

Some tankers cross Strait of Hormuz before shots fired, ship-tracking data shows

by AIP Online Bureau | Apr 18, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

U.S. President Donald Trump said on Friday Iran had agreed ⁠to open the strait, while Iranian officials said they wanted the U.S. to fully lift its ​blockade of Iranian tankers.Western shipping companies cautiously welcomed the announcements but said more clarity was...
Govt says El Nino threat to agri sector manageable due to better irrigation and reserves

Govt says El Nino threat to agri sector manageable due to better irrigation and reserves

by AIP Online Bureau | Apr 18, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance, Risk Management

Shivraj Singh Chouhan,Union Agriculture Minister India has expanded micro-irrigation networks, introduced climate-resilient seed varieties and strengthened early-warning systems – changes the government said have materially reduced the sector’s...
Govt approves Rs950 cr BMI Pool along with Rs12,980 cr Sovereign Maritime Fund,to support Indian linked vessels at affordable cost

Govt approves Rs950 cr BMI Pool along with Rs12,980 cr Sovereign Maritime Fund,to support Indian linked vessels at affordable cost

by AIP Online Bureau | Apr 18, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

Earlier, looking beyond the ongoing West Asia crisis, which has severely paralysed global maritime trade and as a permanent measure,the Government and the Indian general insurers, led by state owned GIC Re, New India Assurance(NIA) and other general insurers, have...
Some tankers cross Strait of Hormuz before shots fired, ship-tracking data shows

W Asia crisis:India’s exports plunge 7.44 pc in March; trade gap narrows

by AIP Online Bureau | Apr 15, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management

“Exports to the Middle East in March dropped by $3.5 billion… this has impacted goods exports in the month,” Rajesh Agrawal, India’s trade secretary, told reporters in New Delhi, referring to the impact of Iran war on exports The trade data...
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