Political risk insurance can help protect companies against the financial impact of adverse political events.
A change of government could mean that an investor is deprived of the use or benefit of investments by means of confiscation. Licences being cancelled could deny a company the right to export its goods and political violence could see its plant destroyed or temporarily damaged and unable to operate. These types of risk can have lasting financial consequences that can be mitigated by purchasing a specialist political risk insurance.
- Confiscation, expropriation and nationalization
- Forced divestiture
- Selective discrimination
- Forced abandonment
- Export embargo
- Breach concession
- License cancellation/revocation
- Political violence (including terrorism)
- Business interruption (BI)
- Currency inconvertibility/exchange transfer
Who we serve
- Investing in emerging markets
- Leasing equipment overseas
- Negotiating contracts for goods/services to foreign governments or state-owned companies
We have a dedicated claims team available to help you when a loss occurs and have successfully collected over $1 billion in credit and political risk claims since 2008.
Why Willis Towers Watson?
We specialise in providing political risk insurance to companies operating around the globe. We will invest the time to understand client's business in order to provide bespoke solutions to mitigate these risks.
We have a reputation for innovation – we developed the first political risk captive and the first Basel II compliant wording and continue to adapt our products to meet the needs of our clients.
The experience and expertise of our people distinguish us from our competitors. We recognize the power of thinking differently and so our people come from many different backgrounds including banking and underwriting. Each person brings a unique market insight to every transaction.
We have hubs in New York, London and Singapore that give us real-time access to the more than 60 insurance markets operating globally. Working from a single profit-and-loss account our clients can be confident that the insurers we recommend are chosen solely on the merits of what they can offer.