Politics and change go hand in hand. Most of the time those changes don’t affect the flow of business. However, political decisions can have adverse effects on corporate profitability, and you can plan for and mitigate those risks with your ICBA broker.
Political risks can range from very detrimental, such as widespread destruction due to revolution or war, to those of a more financial nature, such as the creation of laws that suddenly prevent the movement of your trading capital.
ICBA political risk insurance covers your trade. If an adverse political event occurs, your policy pays out, which gives your business the confidence it needs to expand trade abroad without fear of the unpredictable.
In-country ICBA brokers operating from 50 offices in 30 countries also act as an early warning signal, helping you make good decisions about which countries to trade with, and which to avoid based on previous claims data as well as knowledge of local conditions and associated risks.