An increase in global political uncertainty has led to a rise in political violence insurance covers being taken by Indian companies. These policies are taken by firms that have investments in foreign markets and exposure to such risks.
Ketan Kale, practice leader-credit, political & security risk, JLT Independent Insurers Brokers, said Indian firms are increasingly coming forward to insure their assets globally, especially in regions such as West Asia and Africa. While proposals for covers in volatile markets are not denied, premia are comparatively much higher — by as much as 100-600 per cent.
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