Credit and Political Risk (CPRI)

✔️ Coverage well-suited for one-off or non-standard transactions
✔️ Supports tailored structures designed to meet specific needs
✔️ Aligns policy terms with the underlying risk to ensure swift claims settlement

Addressing Credit & Political Risk

Descartes Insurance offers the full range of Credit and Political Risk Insurance (CPRI) thanks to Branch 14 (Credit Insurance) and Branch 16 (Miscellaneous Financial Loss), granted by the ACPR.

Distributed through brokers, this offering protects policyholders against political risks impacting foreign investments and counterparty credit risks.

Our CPRI policies cover individual transactions for their full duration, on a non-cancellable basis. This means you stay protected from start to finish against termination of a contract or non-payment by your buyer or borrower.

Our Approach to Credit & Political Risk

We provide protection against political risks impacting foreign investments, as well as political and credit risks that could impact counterparties:

Confiscation, Expropriation, Nationalization and Deprivation (CEND), currency inconvertibility and non-transfer, political violence, etc.
Contract Frustration (CF): Non-payment by a public buyer / borrower
Credit Risk (CR): Non-payment by a private buyer / borrower

Who Should Consider This?

All industries and types of projects from large SMEs or multinational companies or financial institutions may be eligible for CPRI.

Example of a project in the renewable energy sector:

A French company delivers wind turbine components to a company located in another country. However, part of the payment is made after delivery, meaning the French company is exposed to credit risk until the last payment is made. If the payment never takes place due to financial or political reasons, this is referred to as non-payment, which is covered by CPRI (Credit and Political Risk Insurance).

Our Expertise

Senior CPRI Underwriters with extensive 20+ years of experience in the sector
Benefit from Descartes' teams' expertise in risk assessment, R&D and modeling
Flexibility and responsiveness thanks to our enhanced operational model

How does it work?

Step 1

Assess

We assess and evaluate the insured’s counterparty risk, including the credit risk, country risk, and transactional risk. Moreover, we leverage Descartes’ in-house data and model to fine-tune our risk assessment.

Step 2

Customize

Thanks to Descartes’ ability to design tailor-made coverage, we offer a customized solution to fit the client’s unique needs regarding the underlying contract/loan or investment.

Step 3

Monitor & Accompany

We monitor the underlying risk and accompany our client from policy inception to the end of its underlying contract or loan on a non-cancellable basis.

Interested in a solution?