RISK MITIGATION: What are Updates & Proposals on Risk Mitigation Products?

Product Name Overseas Investment Insurance
Link to Product Website
Provider Name ECGD (Export Credits Guarantee Department) - UK
Product Definition Investment Insurance provides cover in respect of political risks (including expropriation and restrictions on remittance) in respect of certain investments made in developing countries.
Product Type Political Risk Insurance
Defined Risks Covered Political Risks: Regulatory
Political Risks: Breach of Contract
Political Risks: Expropriation
Political Risks: Devaluation
Political Risks: Currency Transfer and Convertibility
Political Risks: War and Civil Disturbance
More on Risks Covered
Eligible Form of Investments All
More on Eligible Investments
Eligible Currency of Underlying Investment Covered by this Product Both local and foreign currency
Eligible Countries & Regions All
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Eligible Applicants PUBLIC: Sovereigns
PUBLIC: National Development Banks
PRIVATE: Companies headquartered in Risk Mitigation Provider Home Country
PRIVATE: Minimum Product or Service Content Requirement from Risk Mitigation Provider Home Country
More on Eligible Applicants
Eligible Sector n.a.
Maximum Tenor 10+ to 15 years
Max. Absolute Amount (USD) Over 350+ MM
Max. % of Project Costs Covered 75+% to 100%
Max. % of Export Content Covered Over 85+%
Fees Market-based
Premium is charged on the current insured amount (CIA) at an annual rate depending on the host country concerned and any additional factors relating to the particular investment (details on specific country rates are available on request).
In addition, an annual commitment premium, at one quarter of the above rate, is charged on the difference, if any, between the CIA and the maximum insured amount (MIA). Investors have the option of either a premium rate that is fixed for the life of the policy or a rate that may vary from year to year in line with ECGD’s rate for the country. Investment insurance is, in certain circumstances, subject to Insurance Premium Tax.
More on Fees
Other Conditions Sovereign Counterguarantee: No
Anti-Corruption and Governance Standards: Yes link
Environmental standards: Yes
Social standards (incl. Human Rights Standards; Labor Rights Standards): Yes
Source(s) n.a.
For more information, contact Stephanie Harris
Business Manager, Overseas Investment Insurance (OII)
Export Credits Guarantee Department (EGCD)
Phone: 020 7512 7767
Attachments n.a.
Additional Links n.a.
Deals n.a.

Provider Name ECGD (Export Credits Guarantee Department) - UK
Institution Type PUBLIC: Multilateral Development Bank
Ownership United Kingdom Government
Head Office ECGD PO Box 2200, 2 Exchange Tower, Harbour Exchange Square, London E14 9GS, United Kingdom
Provider Home Country United Kingdom
Rating Aaa/AAA/NR
Main Risk Mitigation Products Political Risk Insurance
Export Credit Coverage
Attachments n.a.
Additional Links www.ecgd.gov.uk
Entered On: 08/06/2007 at 05:28 PM
Updated On: 02/10/2012 at 10:53 AM