political risk insurance (PRI)
Political risk insurance (PRI) is a specialized insurance for companies doing business or conducting operations in foreign countries.
Additional Information
The insurance addresses the business exposures to loss faced by these companies as a result of governmental action either foreign or domestic. Types of exposures that can be covered under political risk policies include confiscation, expropriation, deprivation, nationalization, political violence, currency inconvertibility, contract frustration, and export credit.
