Risk Management

Managing Risks of Travelling Overseas - Kidnap and Ransom

Managing the Risks of Travelling Overseas - Kidnap & Ransom

The risk of being "taken" in a foreign country is very real. 

When the opportunity presents to a highly organised group of criminals to kidnap what appears to be a wealthy person with connections or a tourist visiting unusal and isolated areas with no readily available security, it is a real risk.

On top of this, the governments of the day are not willing to assist with any finance or help of their citizens because it just encourages kidnappers further. However, if it was a loved member of your family or a dear friend, you would want to help them! Having insurance on this risk is a very realistic way of bringing a family member or friend home.

We were very lucky to talk to Warren Rodwell about his experience of being kidnapped and this is what he had to say:

"Hello, my name is Warren Rodwell. I have the dubious distinction of being the longest held Australian captive out of war, after being shot through the right hand when kidnapped in the southern Philippines on December 5, 2011 by the Al Qaeda-linked Abu Sayyaf Group (ASG). It was necessary to eventually have a finger amputated.

The ASG threatened to behead me if the original ransom demand for $US2 million was not paid. Both the Philippine and Australian governments had strict policies of refusing to pay ransoms. After the payment of $AUD94,000 for "board and lodging" expenses by my siblings, I was released 472 days later on March 23, 2013, and subsequently returned to Australia to rehabilitate, after losing about 30 kilograms in weight due to starvation. 

Now when I travel, I always make sure I have the right cover. A policy with adequate Kidnap and Ransom cover, along with good medical and repatriation coverage. I did not think this could ever happen to me, but it did. I certainly wish I had the right cover that would have assisted me. So speak to your Insurance Broker and make sure you get the right advice and have the right cover for any future trips you make overseas"

Watch his story here on You Tube  or the news report and check out his website www.warrenrodwell.com

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