Why kidnap and ransom insurance is essential

Moneyweb

Kidnapping for ransom and extortion is a growing global threat, with ransom amounts in South Africa reaching up to R 150 million. The psychological impact on victims and families is immense. Kidnappings have increased to 17,061 in 2023/24, targeting various individuals including children, wealthy individuals, executives, and tourists. Businesses are also at risk for extortion.
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