MIGA claims insurance may secure investments in developing countries

International Insurance fund news

MIGA suggests that insurance may encourage investments in developing countries Insurance may be the key to ensuring that new investment frontiers are taken seriously, according to the World Bank’s Multilateral Investment Guarantee Agency (MIGA). New investment frontiers are emerging in the developing markets of Africa, Asia, and the Middle East. These markets are inundated with a significant amount of risk, some of which is linked to politics. These risks threaten returns on the investments made in these markets, causing investors to be cautious. Insurance may be the answer to this…

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North Korea establishes its first international investment insurance firm

A surprising development in the global insurance industry: North Korea has established its first investment insurance firm. The firm’s aim is to attract foreign investments to the troubled country. It is expected that the North Korean firm will purchase reinsurance policies from international companies and offer this coverage to companies looking to do business within its borders. The firm is being built to mimic an insurance system in South Korea, which has served as a way to help business owners recover from financial losses due to risky investments. Because of…

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