is not subject to discount pricing.
Additional Credit Available:
Optional Insurance CE
Optional CPA CPE
Any company that does business in a developing country is exposed to political risks that can result in significant losses. This is true whether the firm opens a sales office, owns a warehouse, runs a factory, conducts exploration work, operates a mine, or performs some other activity. Investors also face risks associated with emerging market debt, equity instruments, and lending. Reducing the exposure to political risks is an important aspect of any such operation.
Political risk insurance provides protection against losses that result from currency restrictions, expropriation, and political violence. The purpose of this course is to introduce insurance producers to political risk insurance so they, in turn, can discuss this subject with their clients.
This is an intermediate-level course. Upon conclusion, students will be able to:
recognize political risks and characteristics of the global economy that contribute to political risks
distinguish among various categories of political risk
recognize the basic characteristics of the major types of political risks
identify noninsurance risk management techniques that can be used to mitigate political risks
recognize the key characteristics of various types of trade insurance and investment coverages
identify some of the major public organizations and private insurance companies that provide political risk insurance
recognize distinctions in motivation and practice between public and private sector political risk insurance providers
distinguish among the roles of brokers and underwriters in the political risk insurance market
recognize why a captive insurer might, in some cases, serve as a viable alternative to commercial insurance for handling political risks
A basic understanding of insurance.
CPE Field of Study
WebCE® is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference services. IRMI publications are considered the ultimate authority by leading insurance practitioners and even federal appellate courts when interpreting insurance coverage. Use the knowledge you gain from IRMI CE courses with confidence, knowing they are written by seasoned insurance professionals who employ diligent quality assurance standards to provide the most up-to-date, practical, and reliable information possible.