Political Risk Insurance
For those clients exporting a credit insurance policy can be expanded to
cover political risks. Most credit insurers underwrite risks in over 150
countries and have risk underwriters on-the-ground in most major export
markets for first hand knowledge of the local countries, region, debtors,
legal and regulatory environment, accounting standards, language,
institutions and more. Develop profitably in foreign markets by extending
your export credit department and supporting your export sales efforts with
the right credit insurer relationship.
Some specific events that can be covered by political risk insurance are:
Inability to obtain hard currency - inconvertibility of currency
Inability to repatriate dividends
Changes in Import/Export regulations including embargos or cancellation of import or export licenses.
Foreign government non-payment or default by a public buyer.
Contract frustration due to Act of War
War, revolution or insurrection causing non-payment, loss of use and physical damage of investments.
Arbitrary government action including confiscation, expropriation and nationalization.
Rightful and wrongful calling of bid, performance, or advance payment
bonds.
Secure your global business interests and expand into foreign markets with
confidence. Some past experiences highlight the ever increasing and
unpredictable global political risks in the world: South Korea and region
concerns with North Korea; Argentine economic crisis; guerilla war in
Columbia; failed coup in Venezuela; fighting in the Middle East &
Afghanistan; Russian economic crisis and corruption; protracted recession in
Japan...........