Political risk insurance claims are frequently litigated in LCIA, ICC arbitration, or the Commercial Court when insurers dispute coverage triggers or cause of loss. Expert evidence is central to establishing whether a political peril occurred.
PRTC policies cover expropriation, political violence, currency inconvertibility, and contract frustration. The boundary between political risk and commercial risk is often the key battleground requiring independent expert analysis.
Experts analyse policy wording, host state conduct, and the political context of the loss event to assist tribunals and courts in coverage determinations.
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Frequently Asked Questions
What expert evidence is needed in a political risk insurance coverage dispute?
Coverage disputes require expert evidence on whether the loss event constitutes a covered political peril, whether host state conduct amounted to expropriation or legitimate regulation, and whether political violence or currency restrictions met policy trigger requirements including any waiting periods.
Who appoints the expert in a PRTC insurance dispute?
Each party typically appoints its own expert under IBA Rules or CPR Part 35 depending on the forum. Single joint experts may be appointed by agreement or tribunal direction where the issues are narrow and a neutral analysis is appropriate.