The PRINCE model is developed.
Syracuse University professor Professors Bill Coplin and Michael O’Leary construct the world’s first systematic attempt to quantify power analysis and predict the outcome of collective action
Working with the CIA and others.
Professors Coplin and O’Leary apply their work in conjunction with the work of the CIA, the US State Department, and Army Corps of Engineers.
The PRS Group is founded.
The International Country Risk Guide (ICRG) is founded.
Initially published as International Reports, a publication of the Financial Times of London
Frost and Sullivan
Political Risk Services (PRS) analyses are published by Frost and Sullivan as World Political Forecasts.
The PRS Group merges with ICRG.
The first political risk dataset for assessing the probability of adverse government actions on aspects of international business is constructed by Professors Knack and Keefer at the IRIS Center, University of Maryland.
Wall Street and Barron’s
Professor Campbell Harvey’s studies and subsequent dataset finds strong correlations between ICRG ratings and future equity returns in emerging markets and remarkable portfolio returns of over 20%. The study is profiled in Barron’s.
PRS becomes one of a dozen firms, globally, to provide corruption risk data to Transparency International’s annual Perceptions Index.
The Global Fund
Commissioned by Geneva-based, Global Fund, PRS publishes the New Emerging Markets: the first systematic attempt at assessing the political and country risk profiles of over a dozen frontier markets.
Gavea Emerging Markets Corp.
The PRS Group, Inc. is acquired by Gavea Emerging Markets Corp – a Canadian private equity firm.
Accepted by the Courts.
PRS becomes the first political risk firm to be accepted by the courts as ‘authorities’ on political risk in commercial disputes and its contribution to the valuation of assets.
Pricing Political Risk.
Professors Campbell Harvey and Geert Bekaert publish “Political Risk Spreads” – a landmark study using PRS risk ratings and forecasts to extract the political risk component of a sovereign spread. The study also shows both methodologies as holding significant predictive capacity.
PRS and Queen’s University sign a MOU, heralding the beginning of the interface of political risk analysis and artificial intelligence. The results of early-stage testing through several IBM Watson applications are outstanding.
PRS’ Anti-Corruption & Investment Climate (ACIC) group formed to align anti-graft initiatives with PRS’ corruption ratings.
Spatial Geographic Analysis.
PRS’ forms a special unit as a means of providing clients with enhanced risk assessment to PRS regime probability forecasts.