by AIP Online Bureau | Aug 4, 2026 | Articles, Eco/Invest/Demography, Intermediaries, Non-Life, Reinsurance, Risk Management
Rising geopolitical tensions are turning war from a distant threat into a tangible business risk for Indian companies exposed to global trade, shipping and supply chains. With conventional insurance policies largely excluding war-related losses, businesses need to...
by AIP Online Bureau | Jun 19, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
The new marine war risk consortium will issue primary policies for vessels and cargo. It will provide up to $200 million of capacity separately for hull and P&I risks, with an additional $200 million of dedicated cargo capacity. Chubb will serve as lead...
by AIP Online Bureau | Mar 29, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
To price war risk premiums, underwriters are considering numerous factors such as the type, flag and owner of the vessel, as well as its size, speed and cargo London: Iranian forces’ threat to ships in the crucial Strait of Hormuz has driven up payments for the...
by AIP Online Bureau | Mar 18, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance
Rajesh Kumar Sinha,Special Secretary, Shipping Ministry Speaking during an inter-ministerial briefing, Special Secretary in the Shipping Ministry Rajesh Kumar Sinha, said,“ We’ve made considerable progress on discussions about a P&I club. A few days ago we...
by AIP Online Bureau | Mar 3, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance
Vessels of the Shipping Corporation of India (SCI) are also involved in the movement of crude oil and LNG, especially through areas around the Red Sea, and would have to pay an additional premium for war cover to ensure risk cover. In aviation, hull war risk (HWR)...
