Under the Federal Acquisitions Regulations that govern how federal agencies can use appropriated funds, all large-scale construction contracts must be bid competitively and contain mandatory insurance requirements. In the parts of the world where conflict has taken root for many years, however, insurance is understandably difficult to obtain. Specialty insurers with high-risk tolerance do exist, but for the most part, policies are commercially unavailable. Thus, self-insurance and risk retention are the norm. An insurer's or risk manager's goals in a post-conflict region do not differ significantly from their goals in any region. The risk assessment process is basically the same: 1. Identify the risks. 2. Quantify the risks. 3. Control/reduce the risks. 4. Verify losses. 5. Mitigate future risks based on lessons learned. The major difference, however, is that the risks involved are far from ordinary. Great opportunities exist in post-conflict regions. But these opportunities can be tempered by a unique and daunting set of risks.