Risk Types 

 
 
 
 

We offer wide spectrum of tailored

for companies and individuals

 
 
 
 

A professional know-how and an experience and a knowledge based on excellent results throughout years.

 
 
 
 

AXIOM-RFM SA aims to bring risk management and insurance coverage solutions tailored to the specific needs of your company.

 
 
 

Special accident (kidnap & ransom insurance)

Kidnap and ransom insurance or K&R insurance is designed to protect individuals and corporations operating in high-risk areas around the world. K&R insurance policies typically cover the perils of kidnap, extortion, wrongful detention, and hijacking. K&R policies are indemnity policies – they reimburse a loss incurred by the insured. The policies do not pay ransoms on behalf of the insured. Typically, the insured must first pay the ransom, thus incurring the loss, and then seek reimbursement under the policy.

Losses typically reimbursed by K&R insurance include:

  • Ransom monies - Money paid or lost due to kidnapping

  • Transit/delivery - Loss due to destruction, disappearance, confiscation, or wrongful appropriation of ransom monies being delivered to a covered kidnapping or extortion

  • Accidental death or dismemberment - Death or permanent physical disablement occurring during a kidnapping

  • Judgement and legal liability - Cost resulting from any claim or suit brought by any insured person against the insured

  • Additional expenses - Medical care, severe disruption of operations, potential damage to the company brand, PR counsel, wage and salary replacement, relocation and job retraining, and other expenses related to a kidnapping incident.

 

The policies also typically pay for the fees and expenses of crisis management consultants. These consultants provide advice to the insured on how to best respond to the incident. Even the most basic training for people travelling to dangerous places is not easily provided or is not obtained by small to mid-sized companies.

 
 
 

Life Insurance

Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policyholder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policyholder typically pays a premium, either regularly or as one lump sum. Other expenses, such as funeral expenses, can also be included in the benefits.  Life policies are legal contracts and the terms of the contract describe the limitations of the insured events. Specific exclusions are often written into the contract to limit the liability of the insurer; common examples are claims relating to suicide, fraud, war, riot, and civil commotion. Modern life insurance bears some similarity to the asset management industry and life insurers have diversified their products into retirement products such as annuities.

Life-based contracts tend to fall into two major categories:

  • Protection policies – designed to provide a benefit, typically a lump sum payment, in the event of a specified occurrence. A common form—more common in years past—of a protection policy design is term insurance.

  • Investment policies – the main objective of these policies is to facilitate the growth of capital by regular or single premiums. Common forms (in the U.S.) are whole life, universal life, and variable life policies.

 

Aiming to bring tailored risk management and insurance solutions targeted to your company needs: whether you are a large or small company, international or national organisation or a private client.

Useful Links

AUTHORITIES

Federal Administration of Switzerland: www.admin.ch

Federal Office of Social Insurance: www.bsv.admin.ch
Swiss Financial Market Supervisory Authority (FINMA): www.finma.ch
List of members of the Swiss Insurance Association (ASA/SVV): www.svv.ch

NATIONAL AND INTERNATIONAL CONTACTS

Altafid, trust company in Neuchâtel: www.altafid.ch
The Global Center for specialist insurance and reinsurance: www.lloyds.com

Our Offices

GENEVA (Headquarters)

58, Rue du Grand-Pré
1202 Genève
Tel:- +41 22 544 11 11

NEUCHÂTEL

7, Av. Jean-Jacques Rousseau
1201 Neuchâtel

Tel:- +41 32 722 17 17

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