The Lloyd’s decision to categorise India’s west coast as a ‘war zone’ as part of a Joint War Committee decision on “listed area” of its “Hull War, Strikes, Terrorism and Related Perils” reportedlty prompted India to take action on piracy.
According to one expert the insurance ramifications have finally driven some action, “Ever since the underwriters declared this, the Indian Navy has became active. In the past two months, we haven’t had any hijacking in this region.”
Interestingly the announcement that the war risk changes have prompted real action and progress have coincided with an announcement on Malacca Straits security.
Six years after it was declared a war-risk zone for international shipping, the Straits of Malacca last year achieved a “close to zero incident level”. Defence Forces chief Jen Tan Sri Azizan Ariffin said it was due to the collaboration among the countries which formed the Malacca Straits Patrol (MSP), Malaysia, Singapore, Indonesia and Thailand. “The four countries have been working closely,” he said.