What type of business is it good for?
- Exporters/manufacturers
- Global banks
- Commodity traders
- Multilateral organizations
Have a question?
Highlights on this page
Solutions
Capabilities
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)
Target classes
- Financial institutions
- Export credit agencies
- Multilateral organizations/development finance institutions
- Commodity trader
- Exporters
- Government sponsored enterprises
- Private mortgage insurers
- Coverholders
