Investment insurance against political and commercial risks
Investment insurance against political and commercial riskovStrahovanie investments against political and commercial risks in the broadest sense - the protection of property interests of an investor from the risk of impairment, loss, destruction investment.
Objects of insurance may be:
any kind of long-term and medium-term financial investments in order to obtain investment income, as implemented by foreign investors and investors resident direct investment (fixed assets and other tangible assets of enterprises, including land, buildings, machinery, oil and gas pipelines, air, water vessels, etc.);
portfolio (stock) investments (participation rights, shares and other securities);
loans and credits;
property rights related to licensing, cross-border leasing and other intangible assets.
In the investment protection are three main areas:
Basic insurance is the main working capital and other material assets of the investor from fires, explosions, accidents and natural disasters of various kinds (classical or conventional risks);
insurance of foreign investors on the material losses caused by nationalization, expropriation, confiscation of property investor, revolution, civil unrest, any military action, breach of contract due to government action, limited convertibility of the national currency, the mode of flight of capital and profits, etc. (Political risks);
insurance investment loans and bank loans against the risk of default and insolvency of the borrower (commercial risks).
Investment insurance against political and commercial risks in the narrow sense - insurance of foreign investors from political risks that could lead to a global, devastating damage to the insured.
Existing methods for assessing political risk (factor analysis method Delors, expert evaluation) are based on the principle of grouping and ranking of risk parameters that determine the country's investment climate features: the likelihood of armed conflict, instability of the government, the risk of nationalization, restrictions on the movement of capital and labor, the share of state ownership in the economy, GDP growth, the dynamics of inflation, balance of payments, etc. Due to the unpredictability and special complexity of the actuarial valuation the probability of occurrence of insurance claims insurance of this type of risk is not typical of most international insurance companies.
Among the insurance companies operating in the insurance industry investment (preim. Credits), we can distinguish three main groups: national insurance agencies (eg, Hermes Kreditversicherungs - Germany, COFAC - France), political risk insurers through national budgets, whose main purpose - to stimulate exports; international insurance companies that are part of the World Bank; a limited number of private insurance companies.
Since 1934, the International Union acts Credit and Investment Insurers (IUCII, or the Berne Union) - association of public and private (including under the control of the government) insurance companies providing insurance protection on export credits for a period of 1 year to 5 years. On the United States, Germany, Japan accounted for more than 80% of the total insurance operations carried out under government programs of investment risk insurance.
Insurance of investments not yet received proper development among Russian insurance companies.
The main reasons:
lack of unfunded public policy support for Russian insurers;
lack their own capital to take responsibility for major risks;
poor infrastructure, guaranteeing quality predstrahovuyu examination of investment claims;
lack of experience and qualified staffing.
In addition, the main customer base in the insurance investment - multinational corporations and large investment institutions (as a rule, prefer when choosing a partner for your business insurance support adequate capital and experience of insurers).
Prospects for increasing the role of Russian insurance companies in the insurance investment-linked:
cooperation and the creation of insurance pools (including international insurance companies) for the distribution of risks in the insurance of large investment projects;
with a significant expansion of the boundaries of reinsurance; with participation in the creation of (mainly public funds) national guarantee agencies for foreign investors;
the consolidation efforts in the professional bodies (Russian Union of Insurers, regional professional associations of insurers and others.) to lobby for their interests in the structures of legislative and executive power.
Investment insurance against political and commercial riskovStrahovanie investments against political and commercial risks in the broadest sense - the protection of property interests of an investor from the risk of impairment, loss, destruction investment.
Objects of insurance may be:
any kind of long-term and medium-term financial investments in order to obtain investment income, as implemented by foreign investors and investors resident direct investment (fixed assets and other tangible assets of enterprises, including land, buildings, machinery, oil and gas pipelines, air, water vessels, etc.);
portfolio (stock) investments (participation rights, shares and other securities);
loans and credits;
property rights related to licensing, cross-border leasing and other intangible assets.
In the investment protection are three main areas:
Basic insurance is the main working capital and other material assets of the investor from fires, explosions, accidents and natural disasters of various kinds (classical or conventional risks);
insurance of foreign investors on the material losses caused by nationalization, expropriation, confiscation of property investor, revolution, civil unrest, any military action, breach of contract due to government action, limited convertibility of the national currency, the mode of flight of capital and profits, etc. (Political risks);
insurance investment loans and bank loans against the risk of default and insolvency of the borrower (commercial risks).
Investment insurance against political and commercial risks in the narrow sense - insurance of foreign investors from political risks that could lead to a global, devastating damage to the insured.
Existing methods for assessing political risk (factor analysis method Delors, expert evaluation) are based on the principle of grouping and ranking of risk parameters that determine the country's investment climate features: the likelihood of armed conflict, instability of the government, the risk of nationalization, restrictions on the movement of capital and labor, the share of state ownership in the economy, GDP growth, the dynamics of inflation, balance of payments, etc. Due to the unpredictability and special complexity of the actuarial valuation the probability of occurrence of insurance claims insurance of this type of risk is not typical of most international insurance companies.
Among the insurance companies operating in the insurance industry investment (preim. Credits), we can distinguish three main groups: national insurance agencies (eg, Hermes Kreditversicherungs - Germany, COFAC - France), political risk insurers through national budgets, whose main purpose - to stimulate exports; international insurance companies that are part of the World Bank; a limited number of private insurance companies.
Since 1934, the International Union acts Credit and Investment Insurers (IUCII, or the Berne Union) - association of public and private (including under the control of the government) insurance companies providing insurance protection on export credits for a period of 1 year to 5 years. On the United States, Germany, Japan accounted for more than 80% of the total insurance operations carried out under government programs of investment risk insurance.
Insurance of investments not yet received proper development among Russian insurance companies.
The main reasons:
lack of unfunded public policy support for Russian insurers;
lack their own capital to take responsibility for major risks;
poor infrastructure, guaranteeing quality predstrahovuyu examination of investment claims;
lack of experience and qualified staffing.
In addition, the main customer base in the insurance investment - multinational corporations and large investment institutions (as a rule, prefer when choosing a partner for your business insurance support adequate capital and experience of insurers).
Prospects for increasing the role of Russian insurance companies in the insurance investment-linked:
cooperation and the creation of insurance pools (including international insurance companies) for the distribution of risks in the insurance of large investment projects;
with a significant expansion of the boundaries of reinsurance; with participation in the creation of (mainly public funds) national guarantee agencies for foreign investors;
the consolidation efforts in the professional bodies (Russian Union of Insurers, regional professional associations of insurers and others.) to lobby for their interests in the structures of legislative and executive power.
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