Also available as Takaful
All of our risk management solutions are available as Sharia'h compliant Takaful. Speak to our specialist Takaful consultants today.Get in touch
wherever you are
Howden has offices in 30 countries and a network of partners in more than 60 locations. Whether you’re a multinational looking for a broker that’s truly global, or a smaller business looking to insure your local needs, we can help you.
We can design policies on a bilateral (deal by deal) or portfolio basis.
Political risk is a specialised insurance that protects financial institutions in the face of political change, both governmental actions and politically-motivated violence.
Political risk coverage is excluded under many insurance policies, but when you are dealing with high-value globalised transactions, it is vital.
Political risk insurance is particularly important in:
Confiscation, Expropriation, Nationalization (CEN)
CEN kicks in when acts by the host government interfere in the fundamental ownership rights of the insured’s investment.
Covers can be tailored to include:
Arbitration Award Default / Breach of Contract
Arbitration Award Default covers non-payment of a sum enforced at an arbitration ruling.
Offers you protection where politically motivated violence negatively affects your investment.
Examples of political violence scenarios include: war, revolution, insurrection, strikes, riots, civil war, sabotage and terrorism.
Business Interruption (BI)
BI cover compensates for business operations interrupted by political violence. It also reimburses you for ongoing operating expenses and loss of profit during the period of restoration.
Currency Inconvertibility / Transfer Risks
Currency transfer cover protects against delay or inability of a foreign enterprise to exchange local currency into hard currency or to repatriate funds.
Contract Frustration cover protects against cancelled contracts or non-payments resulting from political events in the host country.
As well as political issues such as war, embargo, expropriation and political violence, we can factor in cover for nature perils too (earthquake, tsunami, flood, landslide, etc).
Howden access a wide variety of participating insurers, connecting with both local markets and the Lloyds of London market, in order to provide maximum financial stability.
Give us a call to talk through your needs and options.