Berne Union investment data

Berne Union investment insurance: Political risks insurance in support of foreign investments

  • INV New Business - insured during each year

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    Total investment insurance amounts showed strong increases in 2005 and 2006, reflecting both higher volumes of activity and also a broader range of business activities reported.

  • INV Exposure - at year end

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  • INV Claims Paid - during each year

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    In investment insurance, claims paid as well as recoveries typically vary considerably from year to year.

  • INV Recoveries - during each year

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  • INV New Business 2006: Top 10 Countries

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  • INV Exposure 2006: Top 10 Countries

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  • INV Claims Paid 2006: by Country

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  • INV Recoveries 2006: by Country

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Investment Insurance Claims

Significant claims are paid by Berne Union investment insurance members. There are currently 32 members, both public agencies and private companies.

Investment insurance – also referred to as political risk insurance (PRI) – covers foreign direct investments or loans in support of investments against risks such as

  • Transfer: restrictions on transferability and/or convertibility of local currency
  • Political Violence: war and civil disturbance, terrorism
  • Expropriation: confiscation, expropriation, nationalisation
  • Breach of Contract: contract frustration, non-honouring of government obligations

Claims paid are detailed by these types of risk in the data shown below.

 

  • Country
    Risk Event
    Amount (USD Million)
  • 2007
  • BOLIVIA
    Expropriation
    8.1
  • CHINA
    Breach of Contract
    0.1
  • COLOMBIA
    Political Violence
    0.1
  • TAJIKISTAN
    Breach of Contract
    2.0
  • ZIMBABWE
    Transfer
    0.5
  •  
    Political Violence
    0.9
  • Total
     
    11.7
  • 2006
  • ARGENTINA
    Expropriation
    30.5
  • CHINA
    Breach of Contract
    2.8
  • COLOMBIA
    Expropriation
    17.8
  • DOMINICAN REPUBLIC
    Breach of Contract
    6.4
  • LEBANON
    Breach of Contract
    0.1
  • TAJIKISTAN
    Breach of Contract
    23.4
  • VENEZUELA
    Transfer
    2.6
  • ZAMBIA
    Breach of Contract
    0.2
  • ZIMBABWE
    Transfer
    1.0
  •  
    Political Violence
    0.7
  • Total
     
    85.5
  • 2005
  • ARGENTINA
    Expropriation
    50.6
  •  
    Unspecified
    11.3
  • CENTRAL AFRICAN REP.
    Unspecified
    0.5
  • CHINA
    Unspecified
    2.3
  • DOMINICAN REPUBLIC
    Breach of Contract
    44.0
  •  
    Unspecified
    2.3
  • ERITREA
    Expropriation
    0.1
  • HAITI
    Political Violence
    0.5
  • ZIMBABWE
    Transfer
    1.0
  • Total
     
    112.6

  • Berne Union 2008

    Download the Berne Union 2008 publication