Investment Insurance For Corporates
– Political Risk Insurance for Equity Investment / Projects
- Currency inconvertibility and transfer restrictions.
- Expropriation.
- War and civil disturbance.
- Breach of contract.
- Protects balance sheet against losses due to non-commercial risks.
- Attracts additional project capital.
- Enables the penetration of high-risk markets.
- Involvement in a project of a multilateral institution (such as ICIEC) is itself a risk mitigant.
- Acts as a deterrence against adverse government action against the project.
- Foreign investment / project in Member Countries.
- New investment, acquisition or expansion of existing investments / projects.
- Investments should not be prohibited by the Islamic Shariah.
- Up to 20 years
How It Works ?
- The investor submits a preliminary application to ICIEC. ICIEC provides its initial ‘in-principle’ approval and requests a full detailed application and the payment of applicable fees.
- Applicant submits a completed Main Application. On the basis of the detailed application, ICIEC will assess the project / country risks.
- Should ICIEC management approve the insurance, ICIEC will then issue an investment insurance policy to the investor.
- ICIEC will obtain the non-objection of the government of the host country.
- In case of risk occurrence, the investor submits a claim to ICIEC and ICIEC pays the compensation.