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Coface Political Risk insurance is designed to cover the activities of companies engaged in international import or export contracts as well as investments or financing linked to operations abroad. Protecting contracts with public entities and private partners, Coface Political Risk insurance can cover the broadest possible range of causal factors, which is not only updated constantly but also based on an expansive definition of risk.
Including rioting, social movements, strikes, wars (except armed conflict between the five great powers or nuclear war) and acts of wrongdoing committed in such context.
Failure to meet contractual obligations or to comply with an arbitration award, breach of contract, selective discrimination, boycott, etc.
This applies to decisions by international, governmental or civil service including those by territorial administrations and could include: Embargo, boycott, revocation of a license, selective discrimination, currency inconvertibility, generalized non-transfer as well as incidents like confiscation, expropriation, nationalization and deprivation covered by special products.
Coverage can be tailored to each specific situation and also associated with commercial risk coverage to protect against insolvency or default of a private debtor.