Several years ago the demand for Kidnap, Ransom and Extortion (KRE) insurance was driven by increases in reported kidnappings, with many more going reported.
Today, kidnappings remain a large concern and still many—as many as 80 percent—go unreported but demand for KRE products may result more from globalization than headline-grabbing incidents.
Hemenway, Chad. ‘Mid-market, HNW join Fortune 1000 in purchasing KRE insurance in increasingly global world’. ©2015 Advisen Ltd. 23 September 2015.
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