India launches its first sovereign-backed P&I insurance under BMIP, offering up to $1.5 billion liability cover for the maritime sector.

India's Department of Financial Services launched a new sovereign-backed P&I insurance product. This product is designed by New India Assurance Company under the Bharat Maritime…

India launches its first sovereign-backed P&I insurance under BMIP, offering up to $1.5 billion liability cover for the maritime sector.