The number of captive insurers writing political risk insurance
has nearly doubled from 2013 to 2014, due to increased interest from multinational companies who are self-insuring.
Globally, Allied World s trade credit platform will retain providing short- and medium-term credit and political risk insurance
targeting exporters, importers, financial institutions, contractors and investors with limits up to $25 million per obligator/guarantor, and for credit terms of up to five years.
MIGA's political risk insurance
offers investors and lenders protection to overcome constraints that may hinder investment, the statement also reads.
A four page Executive Summary appears at the start and is followed by three chapters: World Investment Trends and Corporate Perspectives, The Political Risk Insurance
Industry, and Breach of Contract.
Abdel RahmanTaha, the CEO of ICIEC said, "The signing of the MOU comes within the framework of ICIEC's mandate to support the development of its member countries by providing export credit and political risk insurance
to investment projects".
The fund, sponsored by the government of Japan and the Palestinian Authority, aims at encouraging investment in the West Bank and Gaza by providing political risk insurance
to both local and foreign investors.
Political risk insurance
is a comprehensive and pretty dry subject.
In October 2009, the two concluded a memorandum of understanding by which OPIC agreed to provide ContourGlobal with financing and political risk insurance
to support power projects in emerging markets, including highly energy-efficient facilities which substantially reduce carbon dioxide emissions.
Through the initiative, public and private sector enterprises could benefit from improved access to cross-border financing as a result of MIGA's provision of political risk insurance
, which helps international investors mitigate non-commercial risks.
OPIC intends to provide political risk insurance
and financing to ContourGlobal for 'tri-generation' plants - combining heat, power and chilled-water generation - and 'quad-generation' facilities which also capture carbon dioxide emissions for commercial and industrial uses.
ENERGY FIELDS SEIZED: The Bolivian government sent troops on May 1 to occupy 56 oil and gas installations, mostly controlled by foreign companies, alarming trade credit and political risk insurance
The Risks We Run: Mining, Communities and Political Risk Insurance