Hiscox has settled over 3500 claims since we began writing kidnap and ransom insurance without ever facing litigation or arbitration. We are proud of our claims reputation and experience. There are 15,000 to 20,000 kidnappings reported globally each year, with many more going unreported. Business continuity and workforce support Kidnap for Ransom and Extortion Solutions Aon helps you protect your organization against the risk of kidnap for ransom, extortion, detention or hijacking, providing effective advice and financial protection.Law enforcement government liaison services.Threat assessment and kidnap negotiation advice.Services provided by Control Risks include: Employing 19 full time response consultants and 49 trained ‘hand holders’ across 36 international offices (more than any other provider), Control Risks will deliver a rapid response to incidents occurring anywhere in the world. ![]() Key executives working in commercially sensitive positionsĪ Hiscox kidnap and ransom insurance policy provides our clients with exclusive access to leading global risk consultancy – Control Risks.Multinational companies of all sizes operating in high risk regions of the world.We currently underwrite more than half of the industry’s kidnap and ransom insurance premium with clients including: Our market leading insurance protects against kidnap, hijack, illegal detention, bodily injury and against all forms of extortion including threats to kill, injure, abduct or to damage property. Chubb Group of Insurance Companies Kidnap, Ransom and Extortion Policy insures the corporation, employees, and family members. We provide targeted coverage training for key stakeholders within the organization, including your firm's risk management and corporate security teams.Īon offers a dedicated claims management service for insured incidents and can act on your behalf to seek swift and efficient financial settlement.The world's market leader for kidnap and ransom insurance We are also able to arrange custom coverage for political repatriation, hostage crises, tiger kidnapping and disappearance, and expenses associated with malicious threats. Loss of earnings caused by a covered incident.Emergency evacuation for both travelers and expatriates.Broadly covered person’s language carefully tailored around an insured’s unique requirements The provision of ransom/product extortion insurance policies falls under risk type 16 k of Annex A to the Insurance Supervision Law.This coverage typically addresses kidnap, extortion, detention and hijack, but can be extended to include loss of earnings and hostage crises.Īon’s best-in-class KRE coverage design will include: We are a market leader in the creation and design of KRE coverage. In addition to a keen focus on coverage terms, we believe that crisis response, product training, incident prevention and insurer claims capabilities are critically important. Insurance carriers and at crisis management firms. Kidnap and Ransom insurance is meant to assist protect your company from the financial consequences of unforeseen expenses such as kidnapping, extortion, ransom, or illegal imprisonment. ![]() Aon maintains strong lines of communications with global practice group leaders at industry-leading High-level communication, credibility, trust and respect. Our relationships within the KRE insurance marketplace have been carefully nurtured to maintain Our job is to help you better manage risk volatility.
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