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/>

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