Many clients have recognised that conventional investment and terrorism insurances fail to provide adequate protection for investments and tangible assets in emerging markets.
War risk exclusions render occurrences such as rebellion, civil war, revolution, insurgency and asymmetrical warfare likely to be excluded causes of loss; conventional investment insurance also fails to protect against the consequences of loss of investor rights and breach of contract by a host government.
To help clients evaluate the adequacy of their insurance programs we have prepared our PRI Grid – a simple chart setting out the causes of loss relevant to interests in emerging markets and how our investment and political violence insurances provide the best protection.