International Political Risk Management: Meeting the Needs of the Present, Anticipating the Challenges of the Future

by Moran, Theodore H.; West, Gerald T.

• ISBN13: 9780821370018
• ISBN10: 0821370014
• Format: Paperback
• Copyright: 2007-10-15
• Publisher: World Bank

Summary

This volume is the latest in a series based on the MIGA (Multilateral Investment Guarantee Agency)-GeorgetownUniversity Symposium on International Political Risk Management, with contributions from experts from the international investment, finance, insurance, and legal fields. Highlights include a treatment of regulatory risk in emerging markets by three distinguished lawyers, a proposal for a new type of war risk insurance coverage, the examination of the risk management needs of the international power sector from both legal and user perspectives, and a discussion of the future of the international investment insurance industry by leading private and public sector industry representatives.

Table of Contents

Preface	p. ix
Abbreviations	p. xiii
Introduction	p. xvii
New Perspectives on Political Risk Insurance Products
Overview	p. 3
A Bit of Insurance	p. 7
The Convergence of the Terrorism Insurance and Political Risk Insurance Markets for Emerging Market Risk: Why It Is Necessary and How It Will Come About	p. 13
Commentary	p. 37
Commentary	p. 41
Discussion of New Perspectives on Political Risk Insurance Products	p. 45
Private Power Projects in Emerging Markets: New Models for Financing and Risk Management
Overview	p. 53
Managing International Political Risk: Lessons from the Power Sector	p. 59
AES's Experience in Developing Countries	p. 87
Commentary	p. 93
Discussion of Private Power Projects in Emerging Markets: New Models for Financing and Risk Management	p. 97
The Challenge of Managing Regulatory Risk
Overview	p. 107
Regulatory Takings Under International Law: A Brief Legal and Practical Guide	p. 115
Are You in Good Hands with Your Insurance Company? Regulatory Expropriation and Political Risk Insurance Policies	p. 137
A Sword in a Stone: Problems (and a Few Proposed Solutions) Regarding Political Risk Insurance Coverage of Regulatory Takings	p. 171
Discussion of the Challenge of Managing Regulatory Risk	p. 189
The International Political Risk Insurance Industry in 2010
Overview	p. 195
Past and Future Predictions for the Political Risk Insurance Industry	p. 201
How Will the Political Risk Insurance Industry Evolve in the Next Three to Five Years?	p. 209
Looking Ahead: Will Political Risk Insurance Continue to Play a Meaningful Role in the Global Investment and Trade Environment?	p. 215
The New Scramble for Commodities: Medium-Term Trends in Political Risk Insurance	p. 225
Einstein and Cinderella	p. 239
Discussion of the International Political Risk Insurance Industry in 2010	p. 245
Appendixes
Biographies of Authors	p. 249
Previous Volumes in This Series	p. 261
More about MIGA	p. 269
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