Political Risk Insurance
Political Risk Insurance is taken by businesses, financial institutions or investors that may face losses due to events which are political in nature. Political risk include events such as political violence, risk of revolution, act of terrorism or war, among others.
Vitality Insurance steps in to help its clients understand and subsequently insure against such uncertain but damaging events.
With increasing globalization and swift means of communication, a drop of pin in one part of the world may create ripples in other parts- Increased integration of countries have increased exposure to political risks as well.
Multinational companies having business operations or business interests in various countries need to mitigate political risks.
Developing Market Risk: Emerging markets provide greater opportunities to companies but are exposed to greater political risk as compared to the developed nations.