Andrew Tobin of the Global Insurance Department writes about the challenges of the political risk market in Best's Review's "Taking Cover." While the political risk market faces short-term challenges, globalization and ongoing political instability are likely to drive further development. Globalization combined with economic and political uncertainty continues to drive interest in the private political risk insurance (PRI) market. There has been recent new demand from emerging markets themselves, particularly from Russian and Chinese institutions looking to protect their own investments overseas.
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