Kidnapping: South Asia

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2013-14

The Times of India, Aug 01 2015

Kidnapping, India and the world: 2013-14; Graphic courtesy: The Times of India, Aug 01 2015

Mayur Shetty

India second only to Mexico as kidnapping hotspot: Insurers

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 UK-headquartered consultancy Control Risk based on reports of abductions, and is referred to by international reinsurers for providing `kidnap and ransom' cover to both Indian and multinational companies.

Insurers say this does not mean that Afghanistan or Pakistan are any safer. What it indicates is that the number of complaints about kidnapping is higher in India.With many abductions taking place in the north and east, India is now seen as a ripe market for selling `K & R' (kidnap and ransom) insurance policies.