U.S. Insurance Market Report 2012: Political Risk and Structured Credit
Published: 03-Feb- 2012 | Comments: 0
Highlights from the political risk and structured credit section of the U.S. Insurance Market Report 2012 include:
- Demand for political risk insurance has been strong, especially in Asia, due to infrastructure projects.
- There were a number of new insurer entrants adding capacity to the market in 2011.
- A large number of claim notifications arose out of the Arab Spring uprisings.
- An area of concern relates to the implementation of Basel III and its treatment of trade finance.
- Rates are likely to remain steady to showing slight increases, despite growing country risks and recent claims volumes, barring significant negative developments.