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(From Lloyds List)
Byline: The market is changing to tackle new problems including that of 'creeping expropriation' which threatens corporate rights. Daniel Riordan explains how
AS privatisation, trade and regulatory policy liberalisation and globalisation spread through emerging market economies in the 1990s, the demand for long-term political risk insurance grew.
These macro-economic and political trends also transformed the political risk market in more lasting ways. They have created a need for an increasing level of collaboration, sophistication and specialisation to effectively manage risk.
As late as 1997, the political risk market …