Indian marine insurers are urging regulators and industry stakeholders to maintain the marine war risk insurance pool even after the recent ceasefire in conflict-affected regions. They argue that geopolitical uncertainties and potential threats to shipping lanes persist, making ongoing coverage essential for maritime trade security.
The war risk pool has historically provided critical coverage for vessels and cargo navigating high-risk areas, helping mitigate financial losses from disruptions or attacks. Insurers caution that removing the pool too soon could increase premiums, limit coverage availability, and expose shipping companies to elevated risks.
Experts emphasize that continued support for the war risk pool is vital to safeguard international trade, protect shipping interests, and maintain market stability, even in the aftermath of temporary reductions in regional hostilities.
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