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Political Perils

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.

Highlights

  • Non-cancellable limits
  • Up to 100% indemnity based on coverage being sought
  • Coverage may be expanded to include CEND
  • Maximum tenor of 10 years
  • Broker commission up to 22.5%

Best For

  • Manufacturers
  • Trading companies
  • Service providers
  • Wholesalers
  • Distributors
  • Financial institutions
  • Export credit agencies
  • Multilaterals

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.
  • US$50 million maximum line for any one risk
  • Admitted in all 50 states
  • Worldwide scope
  • Responsiveness of a dual underwriting platform with experts in London and New York
  • Emphasis on building a customer relationship and a long term partnership
  • Superior claims management processing and customer service

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Why 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. Our products and capabilities set the standard for the industry, and many of our almost 3,000 employees are industry-leading experts. Each of our highly entrepreneurial businesses are equipped to underwrite special situations, companies and individuals, and acts autonomously to deliver effective solutions. 
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Our financial strength ensures our clients will always be protected.

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Our holistic portfolio of products includes more than 100 classes of specialty insurance

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Tokio Marine HCC is part of Tokio Marine, one of the largest P&C insurers in the world

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