Belt & Road Insurance Consortium adds political violence, risk cover
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Singapore-based Belt & Road Initiative Insurance Consortium has introduced political violence and political risk insurance facilities, Asia Insurance Review reports. The political violence facility, with an initial capacity of $250 million, will insure against risks of political violence in countries along the initiative. The political risk facility, with a capacity of $700 million, will insure infrastructure projects by protecting equity investments from political risk perils such as confiscation, expropriation, and nationalization.
