In a move that is sure to produce positive results for PricewaterhouseCoopers and the Eurasia Group, the two have formed a global alliance in order to meet the changing needs of global clients and multinational organizations.
The last few years have been witness to rapid expansion and growth into unfamiliar yet promising markets; it has also witnessed dramatic revolution in the policy and procedure of the financial and accounting industry. The need for political risk management as an element of the overall risk management process created the atmosphere that now demands to be addressed.
PricewaterhouseCoopers and the Eurasia Group have found a way to leverage each individual businesses strengths so that a combined effort can and does meet the growing need for political risk management as a part of a businesses overall risk management program.
So many of the external risks faced by these businesses on a global basis are influenced by the political agendas of countries and governments within which they operate. Politics and opportunities create risks. PricewaterhouseCoopers and Eurasia are in a unique position to address this growing reality.
The companies will offer a product that has been labeled a PRA (Political Risk Assessment). This tool will benefit companies that operate on an international level, are interested in expansion into unfamiliar markets, and those with a considerable possibility of reputational risk. This product combines the enterprise risk management talent of PricewaterhouseCoopers with the political risk evaluation experience of Eurasia.
The need to bring these two risks together into a single assessment service is evident more from North American investments than from European countries. With the opening of the economic opportunities in China, many international organizations may find themselves utilizing such a service, in order to accurately assess the true investment pictures, especially in terms of political risk.
