Single Risk for Investments

With a full spectrum of insurance products adaptable to your specific needs, Credendo – Single Risk will enable you to win new markets around the globe, even into the most challenging and remote regions you had, once, thought were out-of-reach.

You have signed a commercial contract with a foreign buyer, supplier, which is a private or public entity; you will be undertaking a project overseas; you have assets located overseas you wish to cover, we can help you by insuring your single contract against the full spectrum of political and commercial risks associated with doing business overseas.

Our bespoke insurance will provide comprehensive and innovative solutions to the specific risks your business is exposed to.

Types of coverage for permanent investment or mobile assets

• Confiscation, expropriation, nationalisation, requisition or destruction of the company’s assets;
• Selective discrimination making your investment uneconomical;
• Forced abandonment of your investment;
• Forced divestiture of your shareholding interest;
• Non repatriation of dividends, debt repayments or proceeds from a forced sale;
• Arbitrary and unfair call of guarantees by a public sector buyer;
• Non honouring of arbitration awards
• We can also cover both equity and lenders in infrastructures projects

Terms of coverage

• Limit insured: as per policy
• Terms: up to 7 years
• Indemnity: 100%
• Waiting period: none (deprivation risk 180 days)
• Territory: worldwide

As a Bank or a financial institution, you can also benefit from our insurance to cover your interest in the contract or project. We provide coverage against the financial losses you might incur due to all political perils as well as commercial default from the foreign counterpart.

Types of coverage for banks funding trade transaction or project overseas

• All types of coverage designed for export/import and investments risks to cover the non-reimbursement of the loan you have granted;
• Non-honouring of a letter of credit;
• Banks can be the loss payee under the insurance policy issued to your client or can be the named insured under the policy.

Terms of coverage

• Limit insured: as per policy
• Terms: up to 7 years
• Indemnity: 90 to 95%
• Waiting period: none (deprivation risk 180 days)
• Territory: worldwide

Why Credendo?

• We deliver fast, comprehensive and creative insurance solutions in a fast-shifting business environment.
• Our team of underwriters specialises in emerging markets and are recognized for tailoring innovative coverage schemes for all complex cross-border operations.
• Our network of partners in key regions can help to obtain better information and additional capacity, and mitigate risk in the event of potential claims.
• We are a member of all the appropriate international professional institutions, including the ICISA, AMAN Union and the AIDA. Our goal is to promote knowledge about our industry and improve the quality standards of trade insurance products.