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Take-up of political risk insurance increasing: JLT Independent

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A rise in global political turmoil has resulted in an increase in Indian firms taking political risk insurance covers, reports Business Standard.

Firms that have investments in foreign markets and have exposure to such risks are purchasing political risk coverage. Premiums for the covers are up to 600% higher in markets where there is political instability or threats, said Ketan Kale, an official at India-based JLT Independent Insurance Brokers Pvt. Ltd.

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