Fri, 25 Jul 2008

 
Single Risk Cover (Commercial and Political)


Product Name: UNISTRAT 

Single Risks can be underwritten in their own right under the following Cause of Loss groups:

Political Risk


  • Unforeseen Political Events in the host country or a third country:
    War, civil war, revolution...

  • A Political Decision in the host country or a third country:
    An arbitrary decision on the part of a public buyer/supplier
    Non-respect of an arbitration award
    Boycott, embargo, cancellation of licenses
    Non-transfer, currency inconvertibility


Credit Risk

  • Failure of a client, supplier or private borrower (typically insolvency)

  • Non payment