International Political Risk Management : The Brave New World

International Political Risk Management : The Brave New World

Part One provides a first look from the "supply side" at the reaction of the political risk insurance market to September 11, 2001, the Argentine economic crisis, and other recent corporate upheavals. This section starts off with the publ...

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Bibliographic Details
Main Author:	Moran, Theodore H.
Other Authors:	Moran, Theodore H.
Format:	Publication
Language:	English en_US
Published:	Washington, DC: World Bank and Multilateral Investment Guarantee Agency 2013
Subjects:	POLITICAL RISK ANALYSIS RISK MANAGEMENT TECHNIQUES PRIVATE INVESTMENT PUBLIC INFRASTRUCTURE INTERNATIONAL MARKETS ECONOMIC DEVELOPMENT INVESTORS EMERGING ECONOMIES ECONOMIC CRISES PRIVATIZATION DECENTRALIZATION FOREIGN DIRECT INVESTMENT PORTFOLIO INVESTMENTS INVESTMENT PARTNERSHIP TERRORISM CAPITAL MARKETS ADB ASSURANCE BALANCE SHEETS BANKRUPTCY BROKER BROKERS CAPITAL MARKETS CENTRAL GOVERNMENTS COMMERCIAL PROPERTY COVERAGE CROWDING CROWDING OUT DEBT DEVELOPED COUNTRIES DISASTERS ECONOMIC ACTIVITY EMERGING MARKETS FEDERAL FINANCIAL INSTITUTIONS INCOME INSURANCE INSURANCE CONTRACTS INSURANCE COVERAGE INSURANCE INDUSTRY INSURANCE MARKETS INSURANCE RATES INSURERS INTERNATIONAL FINANCE INVESTMENT INSURANCE LABOR COSTS MDB MULTILATERAL DEVELOPMENT BANKS MUNICIPAL GOVERNMENTS POTENTIAL EXPOSURE POWER PLANTS PRIVATE INSURANCE PRIVATE SECTOR PROGRAMS PROPERTY INSURANCE PUBLIC AGENCIES PUBLIC POLICY RATES RATING AGENCIES REGULATORY AGENCIES REINSURANCE REINSURERS RISK INSURANCE RISK MANAGEMENT RISK MITIGATION SALVAGE SECURITIES SOLVENCY SOVEREIGN RISK STOCKS SUBSIDIARY TREATY REINSURANCE UNDERWRITING WATERSHED
Online Access:	http://documents.worldbank.org/curated/en/2004/01/3002933/international-political-risk-management-brave-new-world http://hdl.handle.net/10986/15039

Description
Summary:	Part One provides a first look from the "supply side" at the reaction of the political risk insurance market to September 11, 2001, the Argentine economic crisis, and other recent corporate upheavals. This section starts off with the public provider's perspective, provided by Vivian Brown, Chief Executive of the U.K.'s Export Credits Guarantee Department (ECGD) and President of the Berne Union. Part Two explores the reactions of investors and lenders to the recent upheavals in the global economy. It pays particular attention to the problems confronting large infrastructure projects, in which purchase agreements are guaranteed by the host country, and revenues are denominated in local currency. It examines how political risk insurance can help lenders to return to financing infrastructure development in emerging markets, and asks to what extent investors and lenders need new products or new kinds of coverage to deal with currency crises. Part Three brings together Felton "Mac" Johnston, President, FMJ International Risk; Charles Berry, Chairman, Berry, Palmer & Lyle Limited; and Witold Henisz and Bennet Zelner, Assistant Professors at Wharton and Georgetown University respectively. Additional commentary is provided by David Bailey, Vice President, Sovereign Risk Insurance Ltd. and Edith Quintrell, Manager, Insurance, at the Overseas Private Investment Corporation, who provide perspectives on how the political risk insurance industry might evolve to meet the needs of insurers and reinsurers, on the one hand, and investors and lenders, on the other.

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