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Car Theft and Insurance in Japan
SBD, Pages: 16
In Europe, there is a very strong relationship between car theft and the cost of car insurance. This latest report shows the results of its research into the Japanese car insurance market to determine if there is a similar relationship in Japan.
The report scrutinizes levels of vehicle crime in Japan and their impact on the domestic insurance industry. Using both historic and up-to-the-minute data and assessing the latest developments within the Japanese insurance industry, it demonstrates how the fitment of more sophisticated vehicle security systems is having an impact on car theft, but not on insurance costs.
Car theft in Japan remained at a relatively low level (35,000 per year) throughout the 1990’s until 1999 when it started to increase rapidly reaching a peak at 64,000 cases in 2003. Japanese insurers requested car makers to fit improved security features and from 2004 car makers started to voluntarily fit electronic immobilisers, which has had a positive effect in reducing car theft in Japan
Car theft and the cost of car insurance have a very strong relationship in Europe and this report shows the results of a study conducted by SBD into the Japanese car insurance market to determine whether there is a similar relationship between car theft and the cost of car insurance in Japan.
Some key points of the report:
- Domestic models account for over 90% of the Japanese new vehicle sales so European security levels are not widely available in Japan.
- The main target of theft has changed from Luxury to RV and sports model vehicles because of improved security (mainly immobilisers) fitted to luxury vehicles.
IMPORTANT CONFIDENTIALITY NOTICE:
** Due to the confidential nature of the report content, your request to purchase this security report will be vetted by the security team, prior to any sale agreement. **
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