As of September 2021, the National Motor Vehicle Theft Reduction Council was dismantled. The Council has played a significant role in realising a 60% reduction in car thefts over the last two decades.
However, this percentage is about to change, with professional thefts becoming a greater risk for car owners. With more cars being stolen, the pressure will fall onto the insurance companies and ultimately on their customers, with higher claims volume and higher insurance premiums. So, what are the consequences for insurers?
Increased volumes will place pressure on current internal claims teams, and this is where Insurx can assist. In fact, Insurx can alleviate the pressure off the insurance companies and by handling claims on their behalf. Furthermore, Insurx provides claims management services for motor claims including First Notice of Loss, Assessment, Recovery and Finalisation.
To find out more about our services, click here.
Joshua Dowling 2021, Professional car thefts on the rise as crime watchdog is disbanded, Drive, viewed 26/10/2021, <https://www.drive.com.au/news/professional-car-thefts-on-the-rise-as-crime-watchdog-is-disbanded/>
Insurx Pty Ltd is regulated in Australia by ASIC (AFS Licence number 528534) | ABN 85 628 930 334 | Member of the Australian Financial Complaints Authority (AFCA). The information in this article is general in nature and does not take into account the investment objectives, financial situation and particular needs of any particular person. Past performance is not an indicator of future performance. Insurx Pty Ltd and its related bodies corporate make no recommendations as to the merits of any financial product or financial services referred to in this article, its website, emails or its related websites. Before acting on any information in this article, you should consider the appropriateness of it, having regard to your specific financial circumstances and requirements. In particular, you should consider obtaining independent financial, legal, taxation and accounting advice to ascertain whether you should acquire any financial services described in this article.
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Insurx Pty Ltd is regulated in Australia by ASIC (AFS Licence number 528534) | ABN 85 628 930 334 | Member of the Australian Financial Complaints Authority (AFCA).
The information on this website does not take into account the investment objectives, financial situation and needs of any particular person. We make no recommendation as to the merits of any financial product or services referred to on this website.