Unrest in Turkey and Brazil: Risk and Insurance Implications
As of June 21, no business had losses reported in either country that would likely trigger political risk insurance claims, though insurers are carefully monitoring events.
Leading political risk insurers surveyed by Marsh on June 20 said they are closely monitoring developments in both countries and will likely become more selective of the risks that they insure.
June 27, 2013 — Large political demonstrations continued in Turkey and Brazil last week. The unrest has had a minimal effect on the global market for political risk and trade credit insurance, according to our latest Marsh Risk Management Research briefing. Yet political risk insurers surveyed by Marsh are closely monitoring developments and will likely become more selective of the risks they insure; trade credit insurers we surveyed are also monitoring developments and market conditions could change rapidly if the situation in either country worsens.
Unrest in Turkey and Brazil: Risk and Insurance Implications includes insights from our survey of leading political risk insurers and trade credit insurers, along with steps to take to protect your people and assets in any country that could be affected by political unrest. The briefing also includes strategies for managing risks when faced with the specter of violence in countries in which you have employees, operations, or suppliers.
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