Insurance Authority says the five-insurer facility, which covers 10 mainland-owned vessels, draws on local market familiarity with Chinese shipping groups to deliver more tailored underwriting than London...
India’s surety segment is drawing global attention, but experts caution that legal clarity, underwriting discipline, and reliable contractor data remain essential for sustainable growth.
Market participants flag that DIFC facility may lead to potential withdrawal of private insurers, while operational risks could continue to restrict vessel movements in the Strait of Hormuz.
