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Asia

India's war-risk insurance pool faces its first real-world test

Markets-Economic Times · 9h ago · 🇮🇳 India

India's war-risk insurance pool faces its first real-world test

India's new maritime insurance pool has received its first claim. A vessel covered by the arrangement was damaged in a drone attack. This incident marks the pool's initial test amid regional tensions. The claim is currently being assessed for payout within the pool's capacity. Government backing provides an additional layer for larger potential losses.

Read the full story at Markets-Economic Times →

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