International Group Health | Employer Health Insurance

The world is becoming more dangerous. The number of kidnappings around the world is increasing. The two main types are for political reasons or for money. The best part of this coverage is that it includes the unlimited benefit of having a team of experienced consultants to evaluate the situation and work through the negotiations. Also, these policies reimburse up to the policy limit for a ransom that might have to be paid out. Additionally, it includes benefits for repatriation, loss of wages and rehabilitation of the victim.

Consequences of no insurance

Imagine the overwhelming feeling of freedom and sheer joy that would be felt upon the release of a Kidnap victim. Now imagine the terror upon the realization that you are without insurance. Your company or your family had to pay the large ransom and purchase specialized phone equipment. You had to hire security protection, hire a negotiator and pay many more expenses. All of which were only made possible by liquidating ALL assets. In addition to this overwhelming amount of debt, in order to rejoin society the Kidnap victim may need extensive psychiatric counseling and rehabilitation.

Operational experience of one of our international carriers covered 46,135 total cases for all incidents (this represents more than 126 years of accumulated experience) in 127 countries since January 1, 2014.

Definitions:

• Kidnap for ransom = The abduction of a person or persons with the intent of their detention in an unknown locations until a demand is met
• Hostage extortion = The abduction of a person or persons with the intent of their detention a known location until a demand is met
• Threat extortion = A written or verbal contact is made, by any means of communication, threatening to harm or cause damage to a company, person, or persons, unless a demand is met
• Product extortion = an extortion incident in which a threat is made to do commercial damage to a company through the contamination of its products against a demand for cash or other concessions.  This can also involve an initial contamination prior to receipt of a threat

Top ten countries where kidnaps occurred in 2013

• Mexico
• India
• Nigeria
• Pakistan
• Venezuela
• Iraq
• Lebanon
• Philippines
• Syria and Afghanistan are tied at number 10.

Victim types of kidnaps worldwide in 2013

• 37 percent – others and not known (these include aid workers, ranchers, religious staff, project workers, sports and media personalities to name a few)
• 20 percent – dependents
• 19 percent – employees
• 10 percent – business people
• 9 percent – security force personnel
• 5 percent professionals

Victim ages of Kidnaps worldwide – 2013

• 43 percent were from 0-16 age group
• 17 percent were 50 and older age group
• 16 percent were from 20-30 age group
• 9 percent were from 30-40 age group
• 8 percent were from 16-20 age group
• 7 percent were from 40-50 age group

Duration in days of foreign nationals kidnaped – 2013

• 67 percent were less than 7 days
• 17 percent were more than 28 days
• 10 percent were from 7-14 days
• 6 percent were from 15-28 days

Median settlement (in U.S. dollars) for kidnaps worldwide – 2013

• First amount is median settlement/second amount is highest settlement – all in U.S. dollars
• Mexico for 12,500 / 170,000
• India for 9,500 / 1.4 million
• Nigeria for 19,000 / 620,000
• Pakistan for 6,000 / 670,000
• Venezuela for 11,000 / 320,000
• Philippines for 9,500 / 11,500
• Lebanon for 62,500 / 250,000
• Colombia for 77,000 / 77,000