Personal accident rates for contractors in Iraq have started to decrease, despite recent kidnappings, political risk brokers said.
One Lloyd's broker said rates for personal accident cover in Iraq had dropped by around 10% since June.
He added that insurers were reluctant to insure employees of companies with poor security measures in place.
"There are fewer security guards being killed and kidnappers are now going for softer targets," the broker said.
"But before underwriting a risk, insurers are asking what is the security like? If it's not a reputable security company, you can forget about getting the cover."
Three employees of a construction firm were recently snatched from their home in Baghdad. One has been killed.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
