Industry Insights announces The Car Factory partnership
Industry Insights has announced a new Connected Solutions partnership with The Car Factory.
The Car Factory offers exclusive vehicle storage plus a suite of retail merchandise, vehicle detailing and logistics services.
It is now embarking on an ambitious roll-out plan over the next five years to support rising demand for vehicle storage to reduce high-net-worth thefts.
Vehicle theft has risen to a 15-year high with around 130,000 vehicle thefts annually, with the National Crime Agency saying the rise is being driven by organised crime groups using new technical methods. For example, government data for London reveals that around 60% of vehicle thefts involve devices being used to bypass key/locking security.
The Car Factory mitigates this through full CCTV coverage and state-of-the-art security systems, while all keys are kept in a specialist safe and Faraday cage to further reduce the risk of theft.
Total service portfolio
Steve Thompson, managing director, Industry Insights, said: “Formalising The Car Factory as the Connected Solutions Insurance Storage Solution completes our total service portfolio.
“Insuring classic, supercars and unique high-value vehicles present specific challenges to insurers on the theft side. The Car Factory not only offers superb asset protection, but also, a unique venue for your staff, customers, suppliers.
“Utilising The Car Factory mitigates risks and losses for the insurer, as well as offering a unique, enjoyable experience for policyholders; many of the clients have had reductions at renewal by their insurers and renew their policies, boosting high-net-worth customer satisfaction and retention.”
The Connected Solutions supply chain now touches over 15% of all UK motor claims.
