| dbo:abstract
|
- Political risk insurance is a type of insurance that can be taken out by businesses, of any size, against political risk—the risk that revolution or other political conditions will result in a loss. Political risk insurance is available for several different types of political risk, including:
* Political violence, such as revolution, insurrection, civil unrest, terrorism or war;
* Governmental expropriation or confiscation of assets;
* Governmental frustration or repudiation of contracts;
* Wrongful calling of letters of credit or similar on-demand guarantees;
* Business Interruption; and
* Inconvertibility of foreign currency or the inability to repatriate funds. As with any insurance, the precise scope of coverage is governed by the terms of the insurance policy. The underwriting of political risk insurance is a dynamic, growing business. 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. While political risk insurance policies are sometimes manuscripted for specific situations, the major political risk insurers have standard forms for the coverages that they issue. 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. Providers of political risk insurance include public agencies and private insurance companies. (en)
- 정치적 위험보험은 해외에서 영업하는 기업체를 전쟁, 혁명, 몰수, 과 기타 정치적 분규에 의한 손실을 보장하는 보험이다. (ko)
|
| rdfs:comment
|
- 정치적 위험보험은 해외에서 영업하는 기업체를 전쟁, 혁명, 몰수, 과 기타 정치적 분규에 의한 손실을 보장하는 보험이다. (ko)
- Political risk insurance is a type of insurance that can be taken out by businesses, of any size, against political risk—the risk that revolution or other political conditions will result in a loss. Political risk insurance is available for several different types of political risk, including: As with any insurance, the precise scope of coverage is governed by the terms of the insurance policy. Providers of political risk insurance include public agencies and private insurance companies. (en)
|
