Stolen miracles the new global trade in hijacked pharmaceuticals

Pharmaceuticals are one of the most valuable cargoes being transported and are easier to sell on than gold. Incidences of theft are rising as organised gangs deliberately target them, which is causing concern to cargo underwriters worldwide. The question must be what the insurance industry can do to assist policyholders with risk management and theft prevention, writes ROB CAGE of Chubb. Can we also learn to better assess the underwriting risks?

MOST mornings, when millions of office workers and computer users in the UK log on to their email, they are inundated with spam messages from the US offering a variety of pharmaceuticals to buy. The most common of these are today’s male potency drugs. Currently, these are blockbusters from the major pharmaceutical companies.