Analysis: Social media is making virtual kidnap and ransom a reality
In a world where political volatility is rife and where an individual’s net worth and lifestyle are discoverable through a Google search or Instagram feed, kidnap for ransom has never been easier or more lucrative. As the threat to clients increases, so does the need for carriers to broaden their coverage.
At a time when many specialty lines face fierce pricing and underwriting pressure, the market for kidnap and ransom insurance was stable and competitive throughout 2017.
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