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L’ASSURANCEDESRISQUESPOLITIQUESENAFRIQUE

LuciaPETRY30/03/2017

Contents

1.  BPLGlobal

2.  CPRIMarket

3.  PoliAcalRisksInsuranceSoluAons

02/04/17 Copyright©2016BPLGlobal 2

BPLGLOBAL

28March,2017 EmergingMarketRisk 3

BPLGlobal

§  CourAerspécialiséenRisquesPoliAques

§  Fondéen1983

§  BaséàLondres,Paris,HongKong,Singapour,Dubaï

§  Indépendant,détenuparsesemployés

§  85employésàtraverslemonde

§  NosClients:lesgrandsexportateurs,traders,

invesAsseursetinsAtuAonsfinancières,acAfs

danslespaysémergeants

§  NosAssureurs:assureursinternaAonaux

privésetpublics

§  PartenairesGlobauxbaséesà:Boston,New-York,

Dallas,LosAngeles,SaoPaolo,Milan,Shanghai

02/04/17 Copyright©2016BPLGlobal 4

BPLGlobalKeyNumbers

•  2016Premiumflow: +/-USD400,000,000

•  PoreolioasatJanuary2017: USD39,8billion

•  CPRIClaimscollected: USD2,170,376,074(from1983to01/03/2017)

02/04/17 Copyright©2016BPLGlobal 5

BPLGlobalPoreoliobyregionEmergingMarketfocus……..

PercentageofUSD39,8billion

Africa

AsiaPacific

EasternEurope

Central&S.America

CentralAsia

WesternEurope

NorthAmerica

MiddleEast

19.3%

13.7%

13.0%11.5%

6.2%

4.2%3.2%

17.5%

11.4%

28March,2017 6EmergingMarketRisk

BPLGlobalAfricaExposure:November2016TopTenCountryExposure

PercentofUSD7,329million AngolaGhanaMozambiqueEthiopiaEgyptTanzaniaIvoryCoastCameroonGabonNigeriaOther

18.6%

13.6%

10.9%

9.9%8.1%

6.2%

5.9%

3.5%2.8%

2.3%

18.2%

02/04/17 Copyright©2016BPLGlobal 7

BPLGlobalAfricaExposure:November2016BusinessMix:EvenmoreMLT

PercentofUSD7,329million

InvestmentIns./PV

ShortTermNon-Payment

MLTNon-Payment

12%

72%

16%

02/04/17 Copyright©2016BPLGlobal 8

CPRIMARKET

28March,2017 EmergingMarketRisk 9

CPRIMarket:Overview

CreditInsuranceForBanks

NON-PAYMENTRISKS

CPRIMarket

InvestmentInsurance PropertybasedPRIPolicies

SpecialtyTradeCreditInsurance

EquityFormPRI

LendersFormPRI

“WarRisks”(PD/BI) Long,large,complex,emergingmarket

Exporters,CommodityTraders

Terrorism

War/CivilWar

Rebellion

CivilUnrest

ConfiscaAon

PUREPRIRISKS

TradeFinance

CommodityFinance

ExportFinance

ProjectFinance

Emergingmarket

Sovereignlending

Corporatelending

02/04/17 Copyright©2016BPLGlobal 10

PRINCIPALESSOLUTIONSD’ASSURANCEBPL

28March,2017 EmergingMarketRisk 11

1.  ContractFrustraAon,includingBondsandCCPforexportersandcontractors,

2.  InvestmentInsurance(i.e.balancesheetprotecAon)forequityinvestors,

3.  PVandPVPlusforcompanieswithphysicalassets,

4.  Non-Payment Insurance for Banks (i.e. financial insAtuAonswho finance all the aboveacAvity).

28March,2017 EmergingMarketRisk 12

AssuranceRisquesPoliAquesaubénéficedesexportateurs

•  Non-paiement/Non-transfert

•  RisquedefabricaAon(interrupAondemarché),ci-inclusrisquespoliAques

•  AppelabusifdescauAons

•  MatérieldechanAers(ComprehensiveContractor’sPlant)

02/04/17 Copyright©2016BPLGlobal 17

AssuranceRisquesPoliAquesaubénéficedesinvesAsseurs(invesAssements,prêtsetacAfs)

•  ViolencesPoliAques/Terrorisme

•  AbandonForcédesacAvités

•  ExpropriaAon,Saisie

•  Rupturedecontrat/concession

•  InconverAbilitédedevises

28March,2017 EmergingMarketRisk 14

AssuranceRisquesPoliAquesaubénéficedesociétésayantdesacAfsphysiquesàl’étranger(PV/PV+)

PoliPcalViolenceInsurance

•  Riots,Strikesand/orCivilCommoAonand/orMaliciousDamage,

•  Sabotageand/orTerrorism,

•  InsurrecAon,RevoluAonand/orRebellionand/orCoupd’Etatand/orMuAny,

•  Warand/orCivilWar.

PoliPcalRiskInsuranceforLand-BasedProperty

•  PoliAcalViolence(seetheadjacentbox),

•  Takings (Capture, Seizure and/orConfiscaAonand/orExpropriaAon),

•  Permanent Loss of Use (Abandonment,DeprivaAonand/orSancAons).

28March,2017 EmergingMarketRisk 15

AssuranceRisquesPoliAquesaubénéficedesbanques

•  BankLoanComprehensiveNon-PaymentPolicy

•  BankLoanGuarantorNon-HonouringPolicy

•  TradeDebtComprehensiveNon-PaymentPolicy

•  Non-HonouringofLeterofCredit

•  ReceivablesFinancing/DiscounAng

•  MasterPolicyWording(ObligorandCoveredTransacAon)

28March,2017 EmergingMarketRisk 16

02/04/17

KeyContacts

Paris

GeorgeBellord +33158186805george.bellord@bpl-global.com

LuciaPetry +33158186803Lucia.petry@bpl-global.com

LaurentEtchebest +33158186804Laurent.etchebest@bpl-global.com

SaoPaulo

Marcosd’AgosAni +551121076660mdagosAni@tsb-global.com

LosAngeles

DonHagen +13106361473dhagen@eia-global.com

Dallas

PaulBoynton +19727459047pboynton@eia-global.com

Boston

AlGiandomenico +15086680982

alg@eia-global.com

Milan

RobertoVilla +39026571710r.villa@unia-global.com

London

CharlesBerry +442073759601charles.berry@bpl-global.comAnthonyPalmer +442073759646anthony.palmer@bpl-global.comReshmaTanna +442073759620reshma.tanna@bpl-global.comPaulTorrington +442073759602paul.torrington@bpl-global.comJamesEsdaile +442073759623james.esdaile@bpl-global.comOliverWright +442073759627oliver.wright@bpl-global.com

Shanghai

JulianChen +8613641969478

jchen@eia-global.com

HongKong

MargaretHo +85239752716margaret.ho@bpl-global.com

Singapore

PeterGilbert +6566323469peter.gilbert@bpl-global.comHarryMcIndoe +6566323464harry.mcindoe@bpl-global.com

Dubai

HarrietSmith +97143529352harriet.smith@bpl-global.com

Copyright©2016BPLGlobal 17