Political risk insurance is available for several different types of political risk, including: Political risk insurance can be provided at the international level by an international organisation, for example the Multilateral Investment Guarantee Agency (MIGA), which belongs to the World Bank Group, by states and so-called export credit agencies, or by other public agencies.
[1] Political risk insurance claims can be categorized as inconvertibility of funds, expropriation, and violent conflict.
As globalisation increases, there are more corporations doing more business in more places around the world with each passing year.
Some of the changes occurring in the business are high growth, new product offerings, and a greater role for private capital.
For "complex" or larger investments manuscripted policies are the norm and there may be several insurers providing cover in the form of a syndication, through co-insurance, or perhaps with the participation of a reinsurer on a facultative basis.