The political risk practice was established in 2016 to respond to the increasing risks facing business arising out of a broad range of political violence perils and/or terrorism threats and contract/political risk.

Political risk is the risk of diminished returns on an investment's resulting from political changes or instability in a country. This could arise from a change in government, legislative bodies, other foreign policy makers or military control. Sometimes referred to as "geopolitical risk," or country risk, multiple factors can affect an investment in a foreign market.

Eikos acts as an intermediary providing support to clients, first, in understanding their exposure to political, social and security risks and then in accessing the appropriate insurance covers through markets in London. Working with brokers and local insurers we support access to new products and solutions emanating from the London Political Violence/Terrorism and Political Risk Insurance markets

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Perils that can be covered to protect assets, business interruption and liabilities include:

  • Strikes, riots and civil commotion
  • Sabotage, terrorism and malicious damage
  • War including civil war coup d’etat and revolution
  • Denial of access (non-damage)
  • Terrorism Liability
  • Nuclear, Biological, Chemical, and Radiological
  • Event Cancellation
  • Active Shooter
  • Loss of Attraction
  • Confiscation, expropriation and nationalisation
  • Currency inconvertibility and exchange control
  • Sovereign non-payment, contract frustration,
    and licence cancellation