The Gross Direct Premium Income (GDPI) for Public Marine Insurance in India is forecasted to grow steadily from 2024 to 2028. In 2023, the GDPI stood at 20.45 billion INR, marking a consistent upward trend.

Year-on-year variations show a positive trend: from 2024 to 2025, an increase of 1.59%; from 2025 to 2026, a rise of 1.52%; from 2026 to 2027, advancing by 1.49%; and from 2027 to 2028, an upturn of 1.42%. The compound annual growth rate (CAGR) for these five years is approximately 1.56%.

Future trends to watch for:

Technological advancements in marine insurance underwriting and claims management.
Impact of global trade policies on the Indian marine insurance sector.
Increasing demand for comprehensive coverage due to rising maritime activities.