UNISTRAT COFACE covers companies and financial institutions when they have assets abroad which can be the target of governmental acts and decisions, notably in emerging countries.
Unistrat Coface covers investments whatever their form and wether new or existing : Branch, wholly-owned subsidiary, joint-venture...
Unistrat Coface guarantees 3 ypes of risks:
- Loss of rights and assets : This guarantee covers confiscation, expropriation, nationalization and deprivation of tangible or intangible property or equipment.
- Dividend non-payment / Non-transfer : This guarantee covers non-payment or non-transfer of dividends due to legislative or administrative measures.
- Physical damage : This guarantee covers assets in case of physical damage provoked by a strike, a riot, a war, an act of terrorism or civil conflict.
COVER TERMS :
POLICY PERIOD => up to 10 years
INSURED PERCENTAGE => 100% deductable for physical damage
WAITING PERIOD => No waiting period except for deprivation and non-transfer (6 months of waiting period)
INSURED PERCENTAGE => 100% deductable for physical damage
WAITING PERIOD => No waiting period except for deprivation and non-transfer (6 months of waiting period)
1) An company invests abroad in order to make clothes and to penetrate the local market. After a « coup d’Etat », foreign investments are seized by the new government.
The insured can obtain compensation from Unistrat Coface based on a confiscation guarantee.
2) A company invests in a foreign company. The company wishes to transfer its dividends outside of the host country. A decree which forbids the transfer of funds abroad is issued and the company can no longer recover its dividends.
The insured can obtain compensation from Unistrat Coface based on non-transfer of dividends guarantee.
3) A company has several branches abroad. After a riot, one of them is destroyed.
The insured can obtain compensation from Unistrat Coface based on physical damage guarantee.
