Underwritten by Certain Underwriters at Lloyds of London
A Kidnap and Ransom Insurance Plan
for
Kidnap and Ransom
Crisis Assistance
Detention
Extortion
417.882.1413
Kidnap Outcomes
Most kidnaps are carried out in order to obtain a ransom, and in most cases a ransom is paid. Rescues are rare, largely because the authorities in most countries recognize that the safety of the victim is paramount. The average percentage of deaths following a kidnap is 9%. In cases involving Control Risks, less than 2% of people are killed. Killing usually takes place at the time of abduction rather than during the negotiation. It is estimated that over the past 6 years, kidnappings around the world have increased by 100%.
Kidnap: A WorldWide Risk
Kidnap Demands
Demands can be huge, with more than 14 countries recording cases of $25 million or more in recent years. Kidnappers usually setle at between 10 and 20 percent of the demand, except in the old Soviet Union where the mafia is extremely reluctant to negotiate and uses excessive violence to achieve its aims.
Kidnap Payments
While most ransom payments are kept confidential, Control Risks is aware of some substantial sums that have been paid. Latin America leads the list, but many of the largest settlements have been made in Europe. There has been a noticeable increase in average ransom payments in recent years.
What are the risks ?
Corporate and personal security has improved dramatically. However, the use of kidnapping or extortion to gain access to industrial secrets, to make socio-political statements, or for monetary purposes, continues to rise.
This product is optimal for personal and corporate individuals, especially those who have international affiliations. The optional EPIC 2 Supplement allows this plan to be tailored to your specific requirements. It is cost effective and sensible coverage.
The Conrol Risks Group
Petersen International Underwriters utilizes coverage from a large Consortium of Underwriters which is the only facility in the world that retains the services of the Control Risks Group. Control Risks is the premiere provider of political risk assessment, crisis management, security management and investigative services.
