What Is Political Risk Insurance?

Political risk insurance, also known as "investment insurance." It refers to the form of insurance where the insurer is liable for economic losses suffered by the insured due to political reasons such as government confiscation, expropriation, foreign exchange restrictions, or economic losses due to war, rebellion, strike, riot, etc. Mainly used for foreign investment. Such insurance is mostly underwritten by national insurance agencies. It is generally insured with property insurance and engineering insurance as an additional type of insurance, and joint insurance is adopted to make the insured also bear part of the losses to promote it to avoid danger. ^[1]