MENA, rising demand for political risks

In the wake of the Arab Spring and the rising general discontent, the demand for political risk insurance has increased, especially in the countries directly involved in the revolutions as well as in those undergoing political mutations. It is equally the case for exporting countries to the Organization of Islamic Conference (OIC).
An agreement has been signed between Turkish credit export national agency (Turk Eximbank) and the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). The latter provides for the coverage of the Turkish companies in business with OIC member states. ICIEC has announced a 96% increase of the insured risks for the first semester of 2011.

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