SOLUTIONS / Corporates

Investment Insurance Solutions

Political Risk Insurance for Equity Investment / Projects

ICIEC

COVERED RISKS

  • Currency inconvertibility and transfer restrictions.
  • Expropriation.
  • War and civil disturbance.
  • Breach of Contract.

 

KEY BENEFITS

  • Protects balance sheet against losses due to non-commercial risks.
  • Attracts additional project capital.
  • Enables to penetrate high-risk markets.
  • Involvement in project of a multilateral institution (such as ICIEC) is itself a risk mitigant.

 

ELIGIBILITY

  • Foreign investment/project in Member Countries.
  • New investment or expansion of existing investments/projects.
  • Investments should not be prohibited by the Islamic Shariah.

 

TENOR OF COVER

Up to 20 years

 

 

HOW IT WORKS

 

  1. Investor submits a preliminary application to ICIEC and ICIEC provides its initial 'in-principle' approval and requests a full detailed application.
  2. On the basis of the detailed application, ICIEC will assess the project/country risks.
  3. Should ICIEC management approve the insurance, ICIEC will then make an offer of insurance to the investor.
  4. ICIEC will obtain the non-objection of the government of the host country.
  5. In the case of risk occurrence, the investor submits a claim to ICIEC and ICIEC pays a compensation.