2014/2015

Seminars in Life Sciences (II)

Seminar
nr.:1

International

Title: Political risk in life sciences

Date:
(15/02/05)

Lecturer: Ole Jakob Bergfjord

Lecturers institution: Bergen University College, Norway
Students name: GIURA LARISA MIHAELA
Signature:
Students home Institution:
Giura
University of Agricultural Sciences and
Veterinary Medicine Cluj-Napoca
UPV
ETSIAMN
Faculty/School
:
IMPORTANT
1. Handwritten reports will not be accepted.
2. Deadline for report delivery: two weeks after sessions date

Interest of the seminar

very interesting 5
4 X
3
2
not interesting 1

Political risk in life sciences

Political risk can be defined as any event , action or decisions of political or

administrative nature which may generate economic losses, financial,commercial or for a
holder of export contracts business , importing or possessing assets abroad or a bank funding
operations abroad .
There are many tipes of risk like:
Operational risk
Financial risk
Organisational risk
Political risk
In a world full of political uncertainty, mitigation of political risk is a significant factor in
the success of overseas projects, investments, and contracts. By obtaining coverage against
possible losses resulting from political actions or inaction by the host government, more focus
can be placed on measures to increase profit potential.
Political unrest may occur overnight in some markets , leaving your valuable assets without
protection against damage , seizure or expropriation.
Fortunately, Political risk insurance allows you to invest with confidence thanks to
coverage options that will protect your business from a multitude of political risks for many
years .
Risk Assessment-Each listed risk is evaluated based on two criteria:
financial consequences ( large potential damage)
Probability of occurrence
Not necessarily an objective to eliminate political risk, the decisions essential for
democracy, some uncertainty might be good, as this reduces the potential for rent-seeking .
Some useful advice:
Eliminate risk!
General decisions with smaller consequences often better than firmspecific rules!
1

2014/2015
Seminars in Life Sciences (II)

International

The conclusion of a claims settlement agreement with a competent insurance

company in this area must be considered when settling claims causes a heavy load
administrative or if it takes place to a considerable extent abroad.
In my opinion the main cause of all the unpleasant events in the world is not politics,
but non complish of this.
There are very few people right in politics, and this makes it difficult functioning well.
For me policy should be practiced just smart people who do not follow their own
benefit , but so would make a good functioning.