Some concrete measures being discussed include having standard treatment protocols for common ailments to start with, which could help define pricing, says Dr S Prakash, Chief Executive Officer of the Health Insurance Ecosystem & Strategic Partnerships, General Insurance Council

BMI Pool Cuts War-Risk Insurance Premiums by Up to 48%; Govt Unveils Three-Step Roadmap to Build India's Domestic P&I Insurance Ecosystem India Pushes Maritime Insurance Self-Reliance as BMIP Lowers Premium Costs Posted On: 05 JUN 2026 6:11PM by PIB Delhi A workshop on the recently launched Bharat Maritime Insurance Pool (BMIP) was organized today at the auditorium of the Shipping Corporation of India in Mumbai. The event was held in collaboration with the Directorate General of Shipping and the General Insurance Council.

The Department of Financial Services, Ministry of Finance held an event chaired by Secretary, DFS to launch the domestic insurance pool, namely 'Bharat Maritime Insurance Pool' (BMIP) of USD 1.5 billion today, with a sovereign guarantee of USD 1.4 billion/₹12,980 crores to facilitate continuous maritime insurance coverages.

The rise in civil unrest across Asia has led to significant insured losses in countries like Indonesia and Nepal in 2025, according to a new report from Allianz Commercial. Allianz Research has tracked around 250 reported strikes, riots, and civil commotion (SRCC) events over the last five years with active participation exceeding 1,000 people and lasting for more than one day. Pakistan experienced the most SRCC events with 11, followed by Indonesia.

More than 3m older Australians - including more than 400,000 pensioners with private health insurance - will be hit hard by the federal government's decision to cut private health insurance rebates for Australians aged over 65. The decision which is a part of Australia’s federal budget that will come into effect from 1 April 2027