Strategic advice for Stolen Vehicle Tracking approval in the UK

There are more stolen vehicle tracking (SVT) systems sold in the UK than in any other country and they are categorised by a complex series of approval criteria, each of which brings different benefits but at a range of cost, necessary to meet the requirements. The purpose of this report is to clarify the different categories for insurance approval of tracking systems and to summarise which are the most appropriate for manufacturers to target based on a survey of current insurers’ policies. It explains the different insurance criteria, written by Thatcham, to which stolen vehicle tracking systems can be approved.

1. Executive summary
1.1 Background
1.2 Overview
1.3 Thatcham requirements and insurers’ policies
1.4 Strategic recommendations

2. Introduction
2.1 Purpose of this report
2.2 Limitations
2.3 A summary of the UK market for vehicle tracking systems
2.4 Insurance approval for vehicle security

3. Approval of vehicle tracking systems
3.1 Thatcham approval categories
3.2 Thatcham tracking system requirements
3.3 Main differences between Category 5 and TQA
3.4 Approval process

4. Insurance benefit
4.1 Motor insurance in the UK
4.2 Types of benefit available
4.3 UK insurance opinions of vehicle tracking systems
4.3.1. Mandatory fitment policies
4.3.2. Voluntary fitment policies
4.4 Insurance trends
4.5 Future risks

5. Strategic advice
5.1 Target approval for vehicle tracking systems in the UK
5.2 Advice for vehicle manufacturers
5.2.1. The UK marketplace
5.2.2. A flexible strategy for the UK market
5.2.3. Potential benefits outside of the UK

6. Market status
6.1 Original equipment vehicle tracking systems
6.2 Aftermarket vehicle tracking systems

7. Thatcham approved systems
7.1 Thatcham ‘Category 5 OE’ approvals
7.2 Thatcham ‘Category 5 Aftermarket’ approvals
7.3 Thatcham ‘TQA Stolen Vehicle Location’ approvals
7.4 Thatcham ‘TQA Stolen Vehicle Tracking’ approvals

LIST OF FIGURES
Fig 1. Thatcham tracking criteria for private car fitment in the UK
Fig 2. Summary of SVT criteria with widest insurance approval in the UK
Fig 3. Estimated UK private car tracking system fitment
Fig 4. Main suppliers of SVT systems in the UK
Fig 5. Vehicle theft in England and Wales – a historical perspective
Fig 6. Overview of UK vehicle tracking system requirements
Fig 7. Thatcham vehicle tracking system accreditation procedure
Fig 8. Top 10 UK private motor insurance providers, 2008
Fig 9. Summary of 10 leading UK insurers’ SVT fitment policies
Fig 10. Tracking systems preferred by UK motor insurers
Fig 11. Summary of 12 leading UK insurers’ benefits for SVT fitment
Fig 12. Cost of theft as a proportion of total cost of motor insurance claims
Fig 13. Recommended SVT approval targets based on vehicle type
Fig 14. Thatcham Category 5 Global requirements
Fig 15. Cobra UK aftermarket vehicle tracking products
Fig 16. Current Thatcham ‘Category 5 OE’ approvals
Fig 17. Current Thatcham ‘Category 5 Aftermarket’ approvals
Fig 18. Current Thatcham ‘TQA Vehicle Location’ approvals
Fig 19. Current Thatcham ‘TQA Vehicle Tracking’ approvals

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