Political Risk Insurance for Resident Outward Investments

For the purposes of reducing the exposure of investment to political risks in the recipient country, Eximgarant of Belarus provides insurance of the investments made by residents of the Republic of Belarus in foreign States against political risks.

1. tangible contribution in the form of goods shipped to a foreign State;
2. transfer of funds to be invested in an overseas company;
3. transfer of intangible assets to an overseas company;
4. works performed (services provided) for an overseas company in the territory of the recipient country;
5. financial loans granted to an overseas company within the investment mechanisms as specified in points 1-4.

In case the insured event takes place, Eximgarant of Belarus pays out the insurance compensation ensuring the guaranteed return of the resources invested.

Besides, the insurance of foreign investments gives you an opportunity to make use of credit resources against their financing on preferential terms.

The procedure of interaction:

1. Setting up a joint venture, creating an assembly line, the subject of a commodity production network abroad, etc., previously agreed upon with Eximgarant of Belarus;

2. Conclusion of an insurance contract;

3.  Payment of the insurance compensation 

4.  Loss of investments, non-receipt of dividends, revenue streams;

The list of documents required for the conclusion of an insurance contract:

·    Application for insurance contract conclusion;

·    Insured’s title documents;

·    Documents that enable the identification of the type, amount, and duration of investments;

·    Foreign company's title documents.

Procedure for the Insured to follow upon the occurrence of an accident that may constitute an insured loss under the terms and conditions of the insurance policy

Upon the occurrence of an insured accident, the policyholder is obligated to submit the following documents no later than 30 calendar days from the end of the waiting period:

1.  Insurance claim statement;

2.  Original insurance policy

3.  Documents proving the occurrence of the insured accident and the amount of the loss.

For inquiries regarding this type of insurance coverage, please contact the Export Risk Insurance Department by phone/fax in Minsk at +375 (17) 371-00-65.