Political risks – a hot topic
Globalisation connects companies today with partners and clients all over the world. This brings along new challenges, because political developments can have a direct impact on business success.
When it comes to political risks, many think of war and terrorism first. But there are also risks brought on by a government’s economic ambitions or changed legislation. In addition to tariffs, contingents and subventions, domestic economic measures such as product standards or taxes can become political risks for companies with offices or clients abroad. Companies with a strong international orientation in particular should determine how much influence global political risks have on their value-adding process and revenues.
Funk helps companies with a range of services. Experts from the specialist areas of property and credit insurance work hand in hand with the business development team to provide clients with ideal support. Furthermore, clients can identify their individual risks with a stress test and a dynamic risk map.
Learn more about political risks
Trade policy as a risk factor
Trade policy measures like tariffs, subventions or taxes affect flows of goods. The consequences can be risky for companies. Effective risk management is all the more important in light of the fact that insurance solutions only exist to a limited extent here.
Link: https://www.funk-gruppe.de/en/corporate-blog/risk-management/risikofaktor-handelspolitik/
Political risk stress test
Statistics show that political risks have become one of the greatest risks that German companies fear. With the Funk political risk stress test, companies can get an overview of potential risks and prepare for them accordingly.
Link: https://www.funk-gruppe.de/en/corporate-blog/risk-management/when-politics-becomes-a-company-risk/
Targeted risk analysis
International political relations are becoming increasingly unpredictable. Framework factors that are stable today may no longer apply tomorrow. Through targeted risk analysis, you can better calculate the risk to your international business relations.
Funk political risk map
Protectionism, changes to regulatory frameworks, economic sanctions: businesses can find out how high their individual political risk is with the Funk political risk stress test and the dynamic Funk political risk map.
Link: https://www.funk-gruppe.de/en/corporate-blog/risk-management/political-risk-benchmarking/
Handbook on political risks
The Handbook of Political Risk Insurance is published by the Institute of Insurance and Economics at the University of St. Gallen. The Funk Foundation helped finance the publication and provides it to interested parties for download free of charge.
Link: https://www.funk-gruppe.de/en/corporate-blog/international/handbook-of-political-risk-insurance/
Identifying terror risks
Acts of terror and politically motivated violence are increasing worldwide. Companies are not just affected when terrorism strikes right at their headquarters. After all, operations rely on smooth flows in the supply chain.
Link: https://www.funk-gruppe.de/en/corporate-blog/medium-sized-businesses/terror-risks/
Global credit insurance
International coordination of credit insurance cover has gained enormous importance. The reason for this is primarily that flows of goods are being increasingly globalised. And globalised trade requires trust in the solvency of the customer.
Link: https://www.funk-gruppe.de/en/corporate-blog/international/global-claim-cover/
Risks
Liability risks
The potential liability of companies varies depending on the industry or clientele. Nevertheless, all companies have one thing in common: even small mistakes can lead to severe losses.
Property damage and BI risks
While property insurance is a basic protection every company should have, the risk of business interruption is increasing steadily as well – especially for globally connected players.
Risks in M&A processes
The M&A market is booming: in a constantly changing market environment, transactions are the key to the success and future viability of companies. But their risks should not be underestimated.
Services
Funk China
Investing and operating outside of China becomes more and more essential for Chinese companies. The Funk China Division supports its Chinese clients in managing the risks, challenges and chances of worldwide outbound investments.
Insurance + risk management
Funk devises and implements holistic risk and insurance solutions for companies across all industries, sectors and countries. In doing so, our experts do not only secure your individual assets but also create genuine added value for your company.
Employee health + benefits
Employee benefits concepts are a sustainable component of a good corporate policy. Funk provides comprehensive, transparent advice with a view towards the long-term advantages for your company and your employees.
