An Overview of the Marine Insurance Market in India


Marine insurance is a type of insurance that provides coverage for ships, cargo, and other related assets that are involved in marine transportation. In India, marine insurance plays a crucial role in the country’s economy as it supports the growth of the export and import industries. In this blog, we will take an overview of the marine insurance market in India, including its history, types of insurance, key players, and challenges facing the market. The history of marine insurance in India dates back to the 18th century, with the East India Company being one of the first companies to provide marine insurance coverage in the country. In the early days, marine insurance was mainly provided by foreign companies, but with the growth of the Indian economy, domestic insurance companies started entering the market.

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Mary Degroat

Mary Degroat

Mary, a dedicated content writer, blends creativity with precision. Her extensive experience in marketing and digital content has honed her ability to craft engaging pieces that resonate with audiences. Outside work, she immerses herself in literature, gardening, and volunteering, reflecting her multifaceted and compassionate nature. Mary brings a unique touch to every project she undertakes.