PRI

Political Risk Insurance

Protection for named trade contracts or investments exposed to government action, currency transfer restrictions, political violence or forced abandonment.

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0.5–3.0%

Indicative premium

Adjusted to host country and covered peril.

Up to 5y

Policy duration

For longer contract or investment exposures.

90–180d

Waiting periods

Varies by covered event.

Named risk

Endorsements

Sanctions/trade policy cover must be specific.

Best suited for

Where this product fits

Buyers and investors operating in higher-risk jurisdictions.

Commodity, infrastructure or equipment contracts vulnerable to government action.

Companies exposed to currency transfer restriction or capital controls.

Projects where political violence may prevent performance or damage assets.

Coverage Summary

What this product is designed to cover.

Confiscation, expropriation or nationalisation by a host government.

Currency inconvertibility or transfer restriction imposed after inception.

Political violence directly causing physical damage or preventing performance.

Forced abandonment and specific contract frustration where endorsed.

Digital Journey

From application to policy record.

Meridian’s public product journey is designed to feel simple for the client while maintaining underwriting discipline behind the scenes.

Step 1

Host country mapping

identify jurisdiction, counterparty and political exposure.

Step 2

Peril selection

CEN, CI, PV, FA or endorsed sanctions/trade policy.

Step 3

Manual underwriting

complex PRI risks normally require specialist review.

Step 4

Policy monitoring

material country or sanctions changes may trigger alerts.

Documents typically requested

Named contract or investment documents.

Host country, counterparty and project location details.

Evidence of assets, payment flows or contractual rights at risk.

Government decree, transfer restriction or incident evidence if claim arises.

Indicative terms

Sub-limits may apply to each covered peril.

Waiting periods vary by event type.

Sanctions/trade policy cover is not automatic and must be endorsed.

Large or complex risks may require specialist capacity review.

Important limitations

Commercial non-payment or supplier insolvency for non-political reasons.

Sanctions or restrictions already in force before inception unless specifically addressed.

Loss caused by the insured’s breach of host country law.

General economic downturn, exchange fluctuation or commodity price movement.

Example Use Case

How a buyer may use PRI.

A buyer funds equipment for a project in a country that later imposes transfer restrictions and prevents payment flows connected to the named contract. PRI is designed to respond to specified political perils, subject to endorsements, sub-limits and evidence.

Claims and notification logic

Notify potential covered events promptly, even before waiting period expires.

Provide government order, official notice, incident evidence or transfer attempt records.

Document mitigation steps, legal remedies and diplomatic correspondence where relevant.

Complex claims may require specialist political risk loss adjuster review.

Next Step

Ready to structure this cover?

Start an application with the contract, supplier details and requested coverage amount. Meridian will guide the rest of the workflow.

Start Application