The winds of change are ruffling feathers in the international trade markets. Political ideologies around nationalism and protectionism are forcing businesses around the world to assess their international exposure and consider their risk management options. While business owners can’t control the outcome of geopolitical movements, they can control how they assess and manage their global business risks.
“Political risk, like cyber, is starting to hit the front pages on a daily basis. This is forcing companies to take a much closer look at the risks that come along with doing business on an international basis,” said Kyle Samuel (pictured), president of M&T Insurance Agency. “As clients grow more acutely aware of global exposures, the topic of political risk insurance has become more important than ever.”
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