Emerging markets often provide the strongest growth opportunities for banks, traders and manufacturers. In recent years, it has again become evident that emerging markets which appear stable one day can suddenly face political unrest or economic instability.
Best for
- Manufacturers
- Trading companies
- Service providers
- Wholesalers
- Distributors
- Financial institutions
- Export credit agencies
- Multilaterals
Highlights
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Non-cancellable limits
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Up to 100% indemnity based on coverage being sought
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Coverage may be expanded to include CEND
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Maximum tenor of 10 years
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Broker commission up to 22.5%
Summary of coverage
Political risk policies cover a wide range of insured perils including but not limited to: war, political violence, currency inconvertibility and non-transfer and business interruption. Coverage may be structured to insure fixed and/or mobile assets including commodity stocks owned and stored abroad, aircraft and vessels or any type of contractor's equipment which may be impacted by an act of violence or government interference. Coverage may include currency inconvertibility or non-transfer of equity investments, shareholder loans or dividend payments following a political event. Political events include discrimination by a foreign government against the asset or forced abandonment and physical damage as a result of a political violence event including but not limited to war, as well as an action imposed by the foreign government resulting in the inability of a policyholder to repatriate funds, convert currency or realize projected profits from an asset.
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Why choose Tokio Marine HCC?
Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Europe, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance.
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