Marine insurance: IRDAI in talks with INSA to set up P&I club March 03, 2021 Subhash Chandra Khuntia, Chairman IRDA - THE HINDU× The Insurance Regulatory and Development Authority of India (IRDAI) is in talks with Indian National Shipowners Association (INSA) to develop a protection and indemnity insurance club (P&I club ) in India, a move that will support the development of a marine insurance market in India, said insurance sector players at a Maritime India Summit. Marine premium formed about 2 per cent of the gross domestic premium in FY20. India has been looking to put in place a P&I club for a few years now.