CFC adds real-time tracking to marine kidnap and ransom cover

CFC has launched an upgraded marine kidnap and ransom (K&R) product that uses real-time vessel tracking to help clients maintain coverage when operating in high-risk waters.

The solution monitors insured vessels and automatically alerts clients when a ship is approaching a restricted or high-risk area. Coverage can then be activated immediately, with additional premiums applied and billed quarterly in arrears. The update is designed to reduce the risk of vessels operating uninsured in piracy-prone regions, where incidents increased by 20% in 2025, according to the International Maritime Bureau.

The policy provides worldwide protection for vessels and crew and is available to brokers globally either as a standard product or through bespoke underwriting. CFC said the offering is supported by its digital underwriting platform, enabling a low-touch quote and bind process and simplifying administration for brokers.