Policy coverage for losses due to political action and instability, including:
Project Finance Risk Insurance: comprehensive coverage for commercial lenders on loans to limited
Structured Credit Insurance for commercial lenders on medium term trade and non-trade transactions
Financial Institutions and Capital Markets: $150 million, non-cancelable policy terms up to 15 years for sovereign credit risk or lender PRI cover on private sector transactions. Up to $75 million and up to 10 years for Structured Credit insurance. Up to $150 million and up to 25 years for Project Finance loan insurance.
Equity Investors: Up to $150 million per country, with terms of up to 15 years, covering up to 100 percent of the investment value.
Importers and Exporters: Up to $150 million in any one country, with policy terms up to 15 years. Coverage is available for up to 95 percent of a contract’s value.
Contractors: Up to $150 million per country, with policy terms up to 15 years for mobile asset coverage. Coverage is available for up to 100 percent of asset replacement value.
Wrongful Call of Guarantee Insurance can indemnify the Insured for up to $150 million in any one country, with policy terms of up to 10 years. Coverage is available for up to 95 percent of the value of each bond
USD 20,000 (depending on product type)
Varies by coverage type
Except for Political Violence, typically 1% of insured amount Global
Depends on specifics of the transaction
Most locations except OFAC countries
Excluded Classes/ Industries
In a volatile world, we put stability and experience on your side. AIG’s Political Risk Insurance helps investors, financial institutions, and corporate clients protect overseas investments against unpredictable losses from a wide range of political perils. While others step in and out of the market, you can count on us to stay, year after year, tailoring the protection clients need. Whether it is a foreign government’s action or inaction, a political uprising or currency inconvertibility, if it threatens a client’s overseas property, income or assets, we can address it.
We specialize in crafting insurance expressly for the political risks of:
Very comprehensive range of products for corporate clients and financial institutions.
AIG has been in the political risk business longer than most of our competitors.
Our teams of underwriters are among the most experienced in the market.
We are able to tailor coverage based on our clients’ needs.
A proven track record of 40 years of paying claims as well as managing recoveries.
We were the first private insurer to be admitted to the Berne Union.