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News | Tag: kidnap insurance

Kidnap insurance now a necessity for multinationals in Southern Africa

February 09 2021 By Cameron Cupido kidnap insurance, insurance, reinsurance, africa

When one thinks of kidnapping for ransom, Hollywood movies instantly come to mind. After all, the big screen and the Americas is where such stories usually play out. But what about Africa? In 2003, kidnap-for-ransom statistics sat at 6% for Africa and the Middle East combined. By 2016, this figure had risen sharply to 44% - with Africa accounting for 34% of that total. This represented a 600% increase in just 13 years. According to data gathered ...