risk insurance. New types of peril and classifications are now used under the same umbrella, such as contract frustration (trade risks or contract cancellation); credit risk (financing with private companies); political risk (confiscation, expropriation, nationalisation, deprivation); and financial guarantees (non-trade related). This paper provides an overview of the PRI market, its constituent players and functions, and forecasts possible reforms and developments
When stakes are high : political risk and trade credit re-insurance
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risk insurance. New types of peril and classifications are now used under the same umbrella, such as contract frustration (trade risks or contract cancellation); credit risk (financing with private companies); political risk (confiscation, expropriation, nationalisation, deprivation); and financial guarantees (non-trade related). This paper provides an overview of the PRI market, its constituent players and functions, and forecasts possible reforms and developments