Kidnap and Ransom

Corporate Kidnap and Ransom/Extortion Insurance

Kidnap and extortion are a very real and growing threat in today’s world. As many as 12,500 kidnappings are reported each year in over 40 countries, with some payment demands exceeding USD 50 million. Whilst the most vulnerable companies are those that have employees based or travelling overseas; companies that have high profiles, handle large amounts of cash or work with sensitive information or technologies can be attacked as well.Kidnapping incidents in the Democratic Republic of Congo, Somalia, Nigeria, Rwanda, Ethiopia, Kenya and South Africa show that expatriates of international companies, personnel of international aid organisations and locals are equally exposed to the danger of being abducted or extorted.


A seizure or detention of an insured person for the purpose of demanding ransom monies.

Payment demands following a threat to injure, or kill an Insured Person; damage property; contaminate products; divulge trade secrets; or destroy electronic data by computer virus.

Involuntary confinement by a government entity or insurgent organisation.

Cover Options
  • Death or dismemberment benefits arising from a covered incident Evacuation and repatriation
  • Ransom / extortion payment Child abduction
  • Judgement, settlements and defence costs
  • Recall costs
  • Business interruption
  • 24 hour emergency response help line
  • Any other reasonable & necessary expenses
Target Market
  • Any company with employees either travelling to, or based in, overseas countries, particularly Latin America, Asia, Eastern Europe and Africa.
  • Cash rich or high profile companies operating in Africa or overseas.
  • Manufacturers or retailers of consumer goods.
Underwriting Considerations

A variety of factors will be considered when evaluating insurability and determining premium, including:

  • Type of industry
  • Revenue of the Insured
  • Country of residence
  • Travel patterns of employees