The measures are part of a broader effort to strengthen supply-chain resilience as geopolitical risks continue to pressure maritime transport and insurance markets.
Swiss Re expects Asia to outpace global insurance growth in 2026, though the regional outlook is splitting sharply between AI beneficiaries, energy-exposed markets and reform-led growth stories.
The facility offers up to US$200m each for hull and P&I risks, alongside US$200m of dedicated cargo cover, as the market responds to the planned phased reopening of the waterway.
IRClass, a non-profit organisation, has tightened international sanctions enforcement removing hundreds of vessels tied to Russian and Iranian trade flows.
With more than 80 marine war-risk policies issued since its May launch, India is advancing plans to build a domestic protection and indemnity (P&I) framework.
