Last year, general insurance companies led by state-run reinsurer GIC Re had set up a cargo pool for fertiliser imports with a net capacity of over ₹500 crore. That pool did not generate any losses, which has encouraged insurers to explore more capacity and better rates.source https://economictimes.indiatimes.com/industry/banking/finance/insure/indias-general-insurers-eye-bigger-marine-pool-for-russia-shipments/articleshow/98376365.cms
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