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International

Increased kidnappings force insurers to step up crisis management coverage

November 13, 2015 Reprints

Christof Bentelle, an official at Allianz S.E., said that an increase in kidnappings in Africa has forced insurers to step up crisis management coverage for their clients, reports The Africa Report.

Mr. Bentelle said that African firms are buying more insurance due to the rise in kidnappings by group seeking ransoms. Kidnappings of oil and construction workers have especially been on the rise.

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Increased kidnappings force insurers to step up crisis management coverage

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