Car Theft Trends and Insurance Requirements for Vehicle Security in Sweden

Published by: SBD Ltd.

Published: Jul. 1, 2008 - 30 Pages

Table of Contents

Car theft and insurance requirements in Sweden

1. Executive Summary

1.1 Introduction

1.2 Main conclusions

1.3 Overview

1.4 Current situation

1.5 Future changes

2. Sweden - market overview

2.1 Market situation

2.2 Car theft data

2.3 Extent of key theft

2.4 Theft reduction strategies

3. Insurance systems

3.1 Insurance association

3.2 Types of insurance offered

3.3 Cost of Ownership

3.3.1 Insurance premium

3.3.2 Benefits for security fitment

3.3.3 Damage and reparability

4. Insurance requirements for vehicle security

Approval process for vehicle security systems

5.1 Cost of timing

Future developments

6.1 Influence of Swedish insurers within Nordic region

LIST OF FIGURES

Fig. 1 Illustration of car theft rates by market

Fig. 2 Map of Sweden

Fig. 3 Swedish new car sales trends

Fig. 4 Share of new car registrations by vehicle manufacturer

Fig. 5 Most popular passenger car models sold in Sweden

Fig. 6 Passenger car theft trend in Sweden

Fig. 7 Car thefts in 2007 by region

Fig. 8 Car theft risk by year registration

Fig. 9 Trend in recovery rate of stolen cars

Fig. 10 Cars stolen and recovered in 2007

Fig. 11 Car manufacturers with highest theft risk

Fig. 12 Extent of key theft for newer vehicles

Fig. 13 Swedish crime statistics

Fig. 14 Market share of leading motor insurance companies

Fig. 15 Motor insurance structure in Sweden

Fig. 16 How vehicle security affects final insurance classification

Fig. 17 Example of premium benefits for good security

Fig. 18 Benefits for security fitment in Sweden

Fig. 19 Target scores for “D”, “A”, and “E” ratings

Fig. 20 Summary of points awarded from NVSA

Fig. 21 NVSR Theft of and Theft from calculation

Fig. 22 Approval process for Swedish insurance classification

Abstract

Gain competitive advantage with improved security and reduced cost of ownership.

The introduction of destructive attack testing in Belgium and Thatcham standards in Sweden are just some of the important changes that will affect the design of immobilisers, alarm and security systems sold in these markets.

The key question is ‘how can you benefit from the changes?’

Forming part of their Global Insurance and Theft Trends suite of research, SBD has released reports of the Car theft and insurance requirements for both Belgium and Sweden to help you answer that question. If you are a vehicle manufacturer or supplier involved in the Belgian or Swedish markets, these reports are essential reading.

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