Shrimp aquaculture is vital to the global seafood trade but is susceptible to significant risks from weather, diseases, and market fluctuations. Insurance is a crucial tool for de-risking and supporting shrimp farmers, yet its adoption remains limited due to high premiums and operational challenges. This chapter explores global aquaculture insurance models, highlights disease and risk advancements in management, and examines recent initiatives in shrimp insurance in India. Recommendations include tailored policies, technological integration, and government assistance to enhance sector resilience.