Insurance solutions for emerging and high risk markets

AAIB Insurance Brokers provide insurance cover for emerging markets, including the Middle East and Africa. We specialise in high risk and non-standard solutions in locations such as Iraq, Afghanistan, Syria, Sudan and Nigeria. We are at the cutting edge in product design and cost reduction for companies working in such areas.

Property

Property solutions cover non-oil and energy related property, including physical damage such as fire, financial loss and business interruption. Insurances can be arranged on a Full Value, Primary or Excess of Loss basis.

Construction and engineering

For onshore and offshore construction, project insurance covers the principal of a project, thereby allowing them to arrange and control suitable cover including physical, contractual and delay risks. Contractors insurance protects the contract works and provides professional indemnity plus cover required by law, such as employers’ liability.

Cargo

AAIB offers global coverage for goods in transit (marine, air or land) and in storage. With stock throughput insurance from manufacturing to point of sale, clients are able to significantly reduce any potential gaps in cover. Our solutions can cover all perils.

Power and energy

Insurance for the generation, transmission and distribution of power, electricity and gas, including machinery breakdown. Cover may be extended to submarine cables and other public services such as water de-salination where applicable.

Oil and gas

The protection of oil processing companies for equipment such as drilling rigs, wells, or pipelines. Physical damage and third party liability cover can be extended to cost of well control and advanced loss of production. We specialise in the Middle East region, with focus on Iraq.

Aviation

Through global aviation insurance market connections we offer a bespoke service covering all major aviation risk categories. Our fully integrated team have strong relationships, experience and knowledge of the market.

Professional and general liability

An essential for any international contractor in an emerging market. The claims culture may vary in different countries, but the close proximity of other international contractors makes Third Party Liability an absolute minimum. Professional Indemnity insurance is also available for companies acting as consultants or giving advice.

Casualty and medical

Casualty and Medical insurance enables companies to provide attractive employment and remuneration packages even in hostile territories. Policies can be benefit related, providing a specific lump sum in the event of an accident or to cover medical requirements. These cost effective schemes are specifically designed for the corporate market, with specialist expertise in the Middle East.

Kidnap, ransom and extortion

High profile companies, such as energy contractors, can be exposed to the risks of kidnap, ransom and extortion. This type of insurance is part of the contingency planning or risk management for any international company working in emerging markets. Cover includes crisis consultancy, insurance of the potential claim, as well as psychological training and aid.

Political risk

This cover is suitable for those operating in areas where political acts or violence can delay the commencement of operations in a hostile territory. Our solutions cover the effects of government interference, currency fluctuations or transfer problems, as well as direct and wilful means of destruction through political violence.

War and terrorism

Always applicable in hostile territories, war and terrorism cover is particularly relevant to construction and property, energy risks, the transportation of cargo and the insurance of personnel.

As offshore brokers with head offices in Amman, Jordan we are fully regulated by the Jordanian Insurance Commission, and adhere to FSA standards wherever possible. We have the flexibility to use a multitude of markets and are able to obtain competitive rates from traditional and local providers.

With a strong and experienced team of UK trained brokers, we know what the international business community expects from their insurance provisions in emerging markets. Our philosophy is to be on the ground with our clients to best understand their needs. With offices across the Middle East, including Iraq, we are here to help you as your insurance partner.

Risks by Category for this year

(War and Terrorism cover is included within these sections)

Unlike other brokers, AAI Brokers specialise in emerging markets – it is our core business. This means that we have invested time researching both products and practitioners including claims handling, risk management solutions, surveying, loss adjusting and contract certainty issues.

AAIB - Insurance Brokers

P.O.Box 812009, Amman 11181 JordanTel: + 962-6-550-3222Fax: +962-6-550-3223Email: enquiries@aaib-insurance.comWebsite: www.aaib-insurance.com