Investment Insurance Committee 

The Investment Insurance (INV) Committee was set up in 1970 to allow insurers with an official government mandate who insure foreign investments to join the Berne Union. In 1994, the first multilateral insurer joined the INV Committee and in 1998, the INV Committee opened up for private insurance companies. With the creation of the Medium / Long Term (MLT) Committee where only official Export Credit Agencies can be members, the INV Committee also welcomed private trade credit insurers to become members. 

Members

The INV Committee currently has 39 members comprising official government-mandated insurers, private insurers and multilateral insurers from five continents. 

Products

Due to the Committee structure of the Berne Union (see above), INV Committee members report and discuss the following products in the Committee:

Public and multilateral INV Committee members:

  • Investment insurance (cover of investments against political risks)
  • Non-honoring of sovereign obligations (cover of loans against losses resulting from a government's failure to make a payment under a guarantee)

Private INV Committee members:

  • Investment insurance (cover of investments against political risks)
  • Non-honoring of sovereign obligations (cover of loans against losses resulting from a government's failure to make a payment under a guarantee)
  • Medium / Long Term trade credit insurance (cover of trade credits against commercial and political risks)