Indian merchant navy sailors are increasingly facing dangerous working conditions as global conflicts, geopolitical tensions and attacks on commercial shipping routes create new risks for maritime workers. India has one of the largest pools of seafarers in the world, with Read More …
Tag: war risk
Indian Sailors Face Growing Risks in Conflict Zones
Middle East conflict reveals huge risk management gaps, industry says
The ongoing conflict in the Middle East has exposed significant weaknesses in corporate risk management frameworks and insurance coverage, according to industry analysis published in Insurance Times. The situation has highlighted that many organisations were insufficiently prepared for the scale Read More …
Cabinet Approves Bharat Maritime Insurance Pool Amid West Asia Risks
The Government of India has approved the formation of the Bharat Maritime Insurance Pool, a strategic initiative aimed at protecting Indian shipping interests from rising risks linked to geopolitical tensions in West Asia. According to the report, the pool is Read More …
Insurers grapple with growing geopolitical risk exposure
Global insurers are facing heightened exposure to geopolitical conflicts, raising concerns over the resilience of their underwriting strategies and investment portfolios. A report by AM Best, featured on Yahoo Finance, warns that insurers with high concentrations in politically volatile regions Read More …