India ranked No. 2 in the world for most number of Kidnappings-for-Ransom Cases : Toi (Boht ache din

modern.fakir

Chief Minister (5k+ posts)
India ranks second only to Mexico in abductions

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The ranking is published by Control Risk, a UK-headquartered consultancy, based on reports of abductions, and is referred to by international reinsurers for providing ‘kidnap and ransom’ cover to both Indian and MNCs. (Photo for representation)

MUMBAI: For specialty underwriters sitting in global reinsurance markets like London, India has a dubious distinction. It ranks second only to Mexico on a list of kidnapping hotspots—ahead of Pakistan, Iraq and Nigeria.

The ranking is published by Control Risk, a UK-headquartered consultancy, based on reports of abductions, and is referred to by international reinsurers for providing 'kidnap and ransom' cover to both Indian and MNCs.

Insurers say this does not mean that neighbouring countries like Afghanistan or Pakistan are any safer. What it indicates is that the number of complaints about kidnapping is higher in India. Although it may not be an organized business the way it is in some South American countries, there are many incidents that take place in the North and the East. Small wonder that India is now seen as a ripe market for selling K & R (Kidnap and Ransom) insurance policies.

"The rankings are based not on insured events but on actual cases reported. India stands out because of the sheer numbers and the vast spread of the population in remote areas," according to Sanjay Radhakrishnan, CEO of JLT Independent Insurance Brokers, the Indian arm of UK's JLT Group which has been arranging K&R cover for corporates for 25 years.

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M Ravichandran, president of Tata AIG General Insurance, told TOI, "India ranks high when it comes to kidnapping. High net worth individuals, senior corporate officials and children are being targeted. In the last two years, inquiries for KRE ( (Kidnap and Ransom Extortion) policies have seen a rising trend."

K G Krishnamoorthy Rao, MD & CEO of Future Generali India Insurance Company, confirmed the growing interest in K&R cover, saying, "There has been an increase of 25-30%."

The main driver for corporates to buy this cover seems to be the response consultancy that insurers provide in hostage situations. "In K&R cover, a major role is played by response consultants who work globally in conjunction with enforcement and other authorities. The primary objective of the policy is to save lives," said Radhakrishnan. These consultants are mostly from law enforcement backgrounds and are skilled negotiators who focus on the safety of the victim while coordinating with the authorities.

"It's possible to get a $1million K&R cover for a premium of $5,000 depending on the profile of the client, region and other terms and conditions of the policy," Radhakrishnan added.

According to Rao, premiums have been falling steadily over the years mainly because the market has not seen many claims, "Going forward, if more people take this cover and the claims scenario does not change much, premiums may remain at the same level. However, if we witness a surge in claims, the rates can definitely go up."
"Confidentiality is the key to K&R covers. In most policies the cover ceases if a company divulges that its employees are covered," said Radhakrishnan. The confidentiality clause is included to reduce moral hazard. This is because most of the time the covers include not just officials but their families and employees. The strategy of kidnappers in most cases is to abduct employees like drivers or maids since they are soft targets and kidnappers can then place their demands with bosses.


http://timesofindia.indiatimes.com/...Mexico-in-abductions/articleshow/48302297.cms

 
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modern.fakir

Chief Minister (5k+ posts)
OH GOD !!!....and modi ji is worried about CPEC in Pakistan when they are touching new heights in Kidnapping for ransom cases!!...i wonder how many of these abductions are for rape reasons !!

Anyways, Pakistan with its recent experience is ready to assist if requested :biggthumpup:
 

modern.fakir

Chief Minister (5k+ posts)
Some comments from the Good and concerned INdians ...

Rohan6194

Location10 hours ago

What a fu(ked up country. At the bottom of EVERY socio-economic index and at the top of every negative index.


Girish Rohan SethUSA9 hours ago

Yep, you know why? Because we are governed by a bunch of criminals !!!
8 1 ReplyFlag

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Dip St JulianYou are absolutely right. Politician-police nexus to crimes are the root cause.

6 1 ReplyFlag
 
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ambroxo

Minister (2k+ posts)
ہندو انتہائی خبیث قوم ہے - یہ تو ہماری زیدہ حمیدہ کو بھی اغوا کرنا چاہتے تھے
وہ تو اچھا ہوا سعودیوں نے انھیں اپنے ہاں شاہی حرم میں پناہ دی

zaid-hamid-funny_c_622073.jpg

 

Aadmi

Minister (2k+ posts)
I think if all cases r reported in pakistan, it will be on top of this list and that by a huge margin
 

fannekhan

Banned
I think if all cases r reported in pakistan, it will be on top of this list and that by a huge margin

hindustan ki riyasat pakistan ke ex pm gilani ka beta kidnap ho gaya aaj tak pata nah chala

punjab ke governer salman tasir ke bete ko aaj tak police ranson dene ke bad bhi wapas nahi le payi
 

asifA1

Minister (2k+ posts)
I think if all cases r reported in pakistan, it will be on top of this list and that by a huge margin


Eh stick to topic thread, its author mentions India don't divert the thread argument stay professional NOT cheap ghaand bhaniya!
 

RAW AGENT

Chief Minister (5k+ posts)
Eh stick to topic thread, its author mentions India don't divert the thread argument stay professional NOT cheap ghaand bhaniya!


mr not cheap ghand bhaniya:lol:

pakistan me yeh khushhali evam law and order ki badhali kaise maintain ki jati hai jo no.one par nahi pahunch raha hai ?

ya yeh bataye ki pakistan no one per kyo nahi hai ?
 
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