What type of business is it good for?

  • Exporters/manufacturers
  • Global banks
  • Commodity traders
  • Multilateral organizations

AXIS Credit & Political Risk Insurance provides the following heads of cover:

Credit protection offered includes:

  • Non-payment – private obligors
  • Non-delivery
  • Non-honoring of letters of credit
  • Exchange transfer and currencies inconvertibility
  • Embargo and license cancellation
  • Contract repudiation
  • Refusal to perform contractual obligations
  • Refusal to honor arbitration awards or court judgments
  • Unfair calling/fair call of on demand bonds
  • Lenders mortgage insurance/reinsurance 

Political risks come in many forms:

  • Non-payment – sovereign/sub-sovereign 
  • Confiscation
  • Expropriation
  • Nationalization and deprivation
  • Selective discrimination
  • Forced divestiture
  • Forced abandonment
  • Aircraft repossession (under confiscation)
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  • Financial institutions
  • Export credit agencies
  • Multilateral organizations/development finance institutions
  • Commodity trader
  • Exporters
  • Government sponsored enterprises
  • Private mortgage insurers
  • Coverholders
 

Documents

AXIS Credit & Political Risk Insurance Appetite Guide

Claims

Clients can rest assured that when a credit and political risk claim is filed AXIS focuses on:

  • Quick decision making
  • Championing your needs
  • An honest approach
Learn more about claims