NorthStandard Announces 5% Rise in P&I Premiums for 2026

NorthStandard has announced a 5% increase in Protection and Indemnity premiums for the marine insurance year starting February 20, 2026. This decision reflects current market unpredictability. The company projects premium income to rise to $930 million, supported by improved investment returns and a focus on diversification. Despite positive forecasts, geopolitical risks persist.

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India prescribes strict review of the PI insurance certificates of the ships

India Mandates Valid P&I Insurance Certificates for Vessels

According to notice No. 05 of 2025 from the General Directorate for Shipping, all vessels entering Indian waters must present a valid Protection and Indemnity (P&I) insurance certificate. This requirement targets issues from unpaid premiums leading to rejected pollution claims. Certification must detail coverage for property damage, collision, and oil contamination.

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