Does a pirate attack on a cargo ship actually follow a recognisable business logic?
What makes the waters off Somalia so much more dangerous than anywhere else in the world?
If you were insuring a ship worth hundreds of millions of dollars, how would you even begin to price in the risk of a pirate attack?
When a ransom gets paid, who actually receives the money and how does it move around the world without being traced?
Is it cheaper for a shipping company to pay a ransom or to fight back, and does the answer surprise you?
For our Watch & Talk sessions, this video sparks discussion around business models, risk and insurance, global trade, criminal economics.
Ready to watch and find out how wrong your assumptions were?
Watch the video here (but it’s always more interesting to talk about it 😉):
