In the Corporate and HNW community, Kidnap and Ransom (K&R) Insurance is a catalyst for the use of Secure Transportation and Executive Protection. Understanding it, and marketing to those who supply K&R Insurance is an essential part of a successful business model.
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From the article:
“Each year, there are at least 15,000 to 20,000 kidnappings across the globe – and fewer than 20% of kidnappings are actually reported to authorities, according to some estimates.
Each year, kidnappers rake in an estimated $1.5 billion in ransom payments. In Mexico alone (now the number-one country for kidnappings), ransom earnings add up to a whopping $50 million a year.”