India approves more Russian insurers to provide marine cover

With the granting of the permits to Sberbank Insurance, Ugoria Insurance Group and ASTK Insurance Company, India now recognises eight Russian entities that are eligible to provide protection and indemnity (PI) coverage for ships.

The permits for Sberbank Insurance, Ugoria and ASTK are valid until February 20, 2026, the order showed.

Reuters last month reported that the three entities were seeking approval from the Indian shipping regulator to provide PI cover.