Home > Market Research > Handsets & Devices > European Insurance Market Requirements

Table of Contents

Market Study
Published: December 2006
Pages: 142
Tables: For full details, please email keithw@cmsinfo.com
From: GBP 1820.00   Buy Now!
Research from: SBD
Sector: Handsets & Devices

SBD has recently published two insurance reports that will serve as a valuable tool for all manufacturers looking to design security features that will benefit their customers by offering better protection and also in attracting lower insurance costs.

The reports are entitled: 'European Insurance Market Requirements' and 'European Insurance Technical Requirements'.

This report provides an in-depth, up-to-date review of the market situation, vehicle crime rates, cost of
ownership issues and security requirements and benefits in twelve European countries, including Russia and
Poland. Together, these countries account for more than 85% of new vehicle sales in Western Europe.

This essential report will enable you to:

? Understand current theft trends and methods used to steal vehicles
? Learn about the European car parc and sales
? Find out about the security requirements in force and under consideration in each
country
? Design improved security features
? Attract lower insurance costs to reduce cost of ownership for your customers
? Strategically plan for the future.
IMPORTANT CONFIDENTIALITY NOTICE:

** Due to the confidential nature of the report content, your request to purchase SBD's security reports will be vetted by SBD's security team, prior to any sale agreement. **

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Table of Contents

European Insurance Market Requirements

1. Executive Summary .7
1.1 Introduction ..7
1.2 Conclusions .8
1.3 Insurance requirements .9
2. Overall situation analysis ..12
2.1 Theft trends12
2.2 Insurance requirements for vehicle security .16
2.3 Insurance benefits for vehicle security.20
3. Background statistical data..24
3.1 Car parc ..24
3.2 New car sales ..25
3.3 Average age of parc..26
3.4 Theft data27
4. Scope of this report32
4.1 Countries included in this study ..32
4.2 Limitations of this study33
4.3 Format of this report..33
5. Belgium 37
5.1 Market situation37
5.2 Insurance System ..38
5.3 Cost of Ownership .39
5.4 Security Requirements and Benefits.39
6. Finland..43
6.1 Market situation43
6.2 Insurance System ..45
6.3 Cost of Ownership .47
6.4 Security Requirements and Benefits.48
7. France52
7.1 Market situation52
7.2 Insurance System ..53
7.3 Cost of Ownership .55
7.4 Security Requirements and Benefits.58
8. Germany..62
8.1 Market situation62
8.2 Insurance System ..64
8.3 Cost of Ownership .66
8.4 Security Requirements and Benefits.69
9. Italy .74
9.1 Market situation74
9.2 Insurance System ..75
9.3 Cost of Ownership .77
9.4 Security Requirements and Benefits.78
10. The Netherlands.81
10.1 Market situation81
10.2 Insurance System ..85
10.3 Cost of Ownership .87
10.4 Security Requirements and Benefits.87
11. Norway92
11.1 Market situation92
11.2 Insurance System ..93
11.3 Cost of Ownership .95
11.4 Security Requirements and Benefits.95
12. Poland.98
12.1 Market situation98
12.2 Insurance System ..99
12.3 Cost of Ownership ..101
12.4 Security Requirements and Benefits..101
13. Russia ..104
13.1 Market situation.104
13.2 Insurance System 106
13.3 Cost of Ownership ..108
13.4 Security Requirements and Benefits..108
14. Spain .112
14.1 Market situation.112
14.2 Insurance System 113
14.3 Cost of Ownership ..114
14.4 Security Requirements and Benefits..116
15. Sweden .120
15.1 Market situation.120
15.2 Insurance System 123
15.3 Cost of Ownership ..125
15.4 Security Requirements and Benefits..126
16. United Kingdom ..130
16.1 Market situation.130
16.2 Insurance System 132
16.3 Cost of Ownership ..134
16.4 Security Requirements and Benefits..136
17. Comité Européen des Assurances (CEA)141
17.1 Current status of CEA01 ..142

List of Tables
Table 1. Analysis of theft reduction by country 14
Table 2. Classification system by country..17
Table 3. Proposed new developments from Insurance industry.19
Table 4. Risk classification modification by security .20
Table 5. Summary of insurance benefits 21
Table 6. Car parc by country in 200424
Table 7. Theft reduction from 2000 to 2005..28
Table 8. Theft statistic source comparison 29
Table 9. Market share of car insurance companies in Belgium..38
Table 10. Insurance security requirements in Belgium40
Table 11. Security system benefits in Belgium 41
Table 12. Vehicle thefts (by manufacturer) in Finland .44
Table 13. Market share of car insurance companies in Finland .45
Table 14. LVK classification table for liability insurance .47
Table 15. Security system benefits in Finland .49
Table 16. SRA classification specification adjustments..56
Table 17. SRA classification, price rating ..57
Table 18. SRA classification, repair cost 58
Table 19. French insurance requirements.59
Table 20. Security system benefits in France..60
Table 21. Vehicle thefts (by manufacturer) in Germany .63
Table 22. Manufacturers with highest German theft rate63
Table 23. Vehicle models with highest German theft rates ..64
Table 24. Market share of car insurance companies in Germany .65
Table 25. GDV type-classification tables67
Table 26. Security system benefits in Germany .71
Table 27. Market share of car insurance companies in Italy 76
Table 28. Security system benefits in Italy 79
Table 29. Vehicle thefts (by manufacturer) in the Netherlands83
Table 30. Manufacturers with highest theft rate in the Netherlands .83
Table 31. Market share of car insurance companies in the Netherlands85
Table 32. Insurance security requirements in The Netherlands .88
Table 33. Security system benefits in the Netherlands89
Table 34. Summary of planned requirement changes.90
Table 35. Market share of car insurance companies in Norway.93
Table 36. Norwegian insurance requirements.95
Table 37. Security system benefits in Norway.96
Table 38. Vehicle thefts (by model) in Poland in 2005 99
Table 39. Market share of car insurance companies in Poland..99
Table 40. Security system benefits in Poland102
Table 41. Vehicle thefts (by manufacturer) in Moscow.105
Table 42. Vehicle thefts (by model) in Moscow 106
Table 43. Security system benefits in Russia 109
Table 44. Market share of car insurance companies in Spain..113
Table 45. Insurance security requirements in Spain..117
Table 46. Security system benefits in Spain..118
Table 47. Vehicle thefts by manufacturer in Sweden 122
Table 48. Manufacturers with highest theft rate in Sweden122
Table 49. Market share of car insurance companies in Sweden.124
Table 50. Insurance security requirements (passenger cars) in Sweden126
Table 51. Security system benefits in Sweden .127
Table 52. Most stolen older UK cars (2003-2005) ..131
Table 53. Most stolen high-value UK cars (2003-2005) ..132
Table 54. Car insurance companies in the United Kingdom, ordered by market share ..133
Table 55. Insurance security requirements in United Kingdom 136
Table 56. Thatcham NVSR calculation method137
Table 57. Security system benefits in United Kingdom 138

List of Figures
Figure 1. Countries covered in this report.7
Figure 2. Car thefts as percentage of parc 13
Figure 3. New car sales in 2005 .25
Figure 4. Average age of car parc .26
Figure 5. Theft trends for all countries .27
Figure 6. Theft rates in 2005.30
Figure 7. Countries included in this study..32
Figure 8. Belgium theft data .37
Figure 9. Finland theft data43
Figure 10. Finland theft recovery data .44
Figure 11. France theft data .52
Figure 12. France theft recovery data..53
Figure 13. Germany theft data.62
Figure 14. Italy theft data74
Figure 15. Italy theft recovery data 75
Figure 16. The Netherlands theft data .81
Figure 17. The Netherlands theft recovery data .82
Figure 18. Non-recovered thefts by vehicle model in the Netherlands 84
Figure 19. Norway theft data 92
Figure 20. Poland theft data .98
Figure 21. Russia theft data104
Figure 22. Spain theft data .112
Figure 23. Sweden Theft Data..120
Figure 24. Sweden theft recovery data.121
Figure 25. Non-recovered thefts by vehicle model .123
Figure 26. United Kingdom theft data 130
Figure 27. Forecast changes to UK group rating scheme ..139

For full details, please email keithw@cmsinfo.com

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