Question

explain and give example of
a. Private Insurers
b. National Investment Guaranty Programs
c. Multilateral Investment Guaranty Programs

Answer 1

(a)The term Private Insures refers to the person who sells private insurance that simply aims to health insurance and not offered by the state government and this insurance is offered by the private entity such as from company itself or the broker and every company gives different benefits for their insurance.

Examples of these companies are Apollo Munich Health insurance,United health etc.

(b)National investment guaranty programs refers to insurance of investment by foreign against non-commercial risks,Risks of currency money transfer,war issues or contract issues with government. OECD(organization for Economic Co-operation and development) including India and chorea have this scheme of national investment guarantee agencies and it is limited for investors to use these agencies that have link to the home country of agency.

(c)MIGA stands for Multilateral Investment guarantee agency and it is referred to international institution that helps to promote the investment for the country which are specially developing countries and help them by giving political and economic risk insurance.

It helps and promote to get FDI(foreign direct investments) in the countries which are developing countries to help grow economic growth and minimise poverty and people lifestyle.

This Agency MIGA is also a member at renowned World Bank group and has 181 member states.

The idea of this big agency MIGA was proposed by world bank only and come into role April 1988.