Political Risk Insurance is a tool to aid businesses to cope with losses caused by political upheavals. It enables the re-establishment of businesses disrupted due to political miscalculations which may have led to violence, business relocation and operational chaos.
Political Risk Insurance (PRI) provides financial protection to investors, businesses, financial institutions (banks), etc. It is defined as a tool for businesses to mitigate and manage risks arising from the adverse actions or inactions of Governments. As a risk mitigation tool, PRI helps to provide a more stable commercial environment for investments in (developing) countries and to provide better access to finance. Political risk may be defined as economic changes transpiring from events either directly or indirectly related to the political process which can affect a company’s operations and interfere with its ability to perform critical functions.
In this report by MitKat’s Predictive Risk Intelligence Team get insight into:
- The concept of PRI, the types of Political events it covers, and considerations for getting a PRI.
- Resumption of business processes through insurance money.
- Impact of Political turmoil in Myanmar as a case study.
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