Political Risk & Assessment^©

Basic Course -- 2 Credit Hours

Overview:

To Provide the Audience with an understanding of balance sheet risks that may be incurred when investing assets or engaging in contractual arrangements in developing countries and politically active countries.

Political Risk Insurance is a much needed cover for those businesses:

with assets in developing countries,

leasing equipment companies operating in developing countries,

entering into contracts with both private and public entities in developing countries

Target Audience:

Insurance Agents, Insurance Brokers, Insurance Associations, Business Associations, Underwriters, Claims Personnel, Loss Control Personnel, and Students studying Insurance

Scope of Course:

Outlines a new concept, Political Risk

Provides examples of Political Risks

Points out the ‘balance sheet’ issues involved on ‘Build Own & Operate’ [BOO], ‘Build Own & Transfer’ [BOT], Joint Ventures, etc. in developing countries

Metrics:

Provides differentiation between ‘standard’ policies and specific Political Risk Policies

Discusses the coverages available, including Confiscation, Expropriation, Nationalization, Political Violence, Contract Frustration, etc.

Outlines the losses that directly affect the balance sheet

Offers information that may be helpful when financing the project

Goal of Program:

To provide the audience the basic understanding of the Political Risk exposures of their customers who are starting to do business outside the U.S. and Canada.