CLAVE 1 / 4India’s $1.5 billion Bharat Maritime Insurance Pool (BMIP) now covers war risks, P&I liabilities, and cargo losses for domestic fleets.
CLAVE 2 / 4The pool reduces reliance on foreign insurers, which previously controlled 90% of global P&I coverage for large vessels.
CLAVE 3 / 4War-risk premiums have fallen by 35–40% since the peak of Red Sea conflicts, easing costs for Indian shipowners.
CLAVE 4 / 4BMIP has issued 3,000 Cargo War policies and 92 Hull War-risk policies since its May 2026 launch.
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