National Insurance Academy Marine Conclave calls for stronger protection for country’s growing sea trade

The inaugural session began with a welcome address by B C Patnaik, director, National Insurance Academy, highlighting the growing significance of marine insurance in the country’s maritime expansion. Inderjeet Singh, Secretary General, General Insurance Council, stressed on industry collaboration for a stronger marine insurance framework. The keynote address by Girija Subramanian, CMD, The New India Assurance Co. Ltd., underscored the sector’s role in trade resilience and the need for global best practices.

The session concluded with the chief guest, Dr Tapan Singhel, MD & CEO, Bajaj General Insurance Limited, speaking about the evolving risk landscape and the importance of innovation and capacity-building across the industry.
On the occasion of the Marine Conclave, B C Patnaik, Director of the National Insurance Academy, said: “This conclave was about bringing everyone to the same table to understand the real challenges faced in marine insurance. India’s trade is expanding quickly, and our insurance practices must keep up. Our aim is simple—make marine insurance easier to access, more transparent, and strong enough to protect India’s growing maritime activity. The discussions over these two days showed a clear willingness from all sides to work together and take practical steps forward.”