Beazley creates political risk map
by Richard Kilner
Story link: Beazley creates political risk map
Beazley has launched an online risk map covering Africa and the Middle East which details political violence and political risks for every nation in the region.
The map also offers breaking news, and gives each country’s broad economic performance in terms of GDP and growth, and its status in the United Nations’ Human Development Index.
Brokers and clients will also be helped by the inclusion of Beazley’s risk appetite for each country, which will vary, partially due to the insurer’s differing risk exposure for the nations covered.
Adrian Lewers, political and trade credit underwriter, explained that the map had been created to enable brokers and clients to get a snapshot view of the insurer’s present views of various countries.
Africa and the Middle East were selected for the map as they are particularly important for commodities, as well as sadly suffering from some serious risks of political violence.
In recent weeks and months the Horn of Africa has become notorious for piracy problems.
The pirates originate in war-torn Somalia, which has not been at peace for decades, and now the criminal gangs are posing an ever more serious threat to shipping.