Bloomberg Businessweek reported this week that global insurance broker Marsh & McLennan predicts an immediate increase of 10 to 15 percent for companies seeking political risk coverage. Add to that the inflationary risk associated with rising oil and commodity prices, and the impact of events like those in Egypt are particularly unsettling. Now is the time for companies to review their potential exposures and seek the appropriate hedging and risk mitigation strategies. ###
With so much focus here in the U.S. on the political impacts of new regulations and deficit spending Big Fat Finance, it is easy to lose sight of the emerging political risks across the globe. However, with the political unrest in Egypt making headlines and bringing an entire economy to its knees, the risks are becoming very real for businesses with interests there as well as in other countries. A clear indicator of the rising risks for companies is evident in the potential rise in political risk insurance premiums.
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