What is Political Risk?
It is the prevention or damage of the operations of internationally operating organizations due to a reason originating from their own country or a third country.
What is Political Risk Insurance?
It is a type of insurance that can be purchased for countries whose economy is not fully developed and dependent on external resources, which have business relations with foreign economies, and which have political risks as a geographical location. NART provides balance sheet protection and business convenience with political risk experts for you. With portfolios specially prepared for you, you can provide flexibility or get advice on political risk management.
Political Risks Insurance comes into effect in the following situations;
- • It covers financial losses that may occur due to civil/foreign war, revolution, rebellion, social collapse.
- • It covers the activities performed in public institutions incurring losses as a result of personal decisions.
- • It protects against risks that may arise from international activities, government or administrative decisions, embargo practices, boycott, license/license withdrawal or imposition, inability to convert the country currency into another currency, prohibition of money transfer.
