The Association of British Insurers has published a review of domestic burglary to offer a more in-depth analysis of burglary rates and trends.
The report, Crime Statistics Underwriting, looks at burglary statistics and trends from British Crime Surveys in 1996 and 1998. Included in the report are details of how burglary rates vary from area to area, how burglary impacts on victims and costs and the effectiveness of security measures.
Key findings in the report include:
- There were 1.6 million domestic burglaries in 1997 in England and Wales. Half were unsuccessful attempts, while three-quarters of those involving entry resulted in some form of loss
- The rate of burglaries has fallen by eight per cent since 1993
- There has been a marked improvement in security levels.
ABI director general Mary Francis said: "This report provides valuable information to help insurers, both collectively and individually, review the current crime situation and more accurately assess individual risk potential."
l The Association of British Insurers has issued the latest edition of Insurance Facts, Figures and Trends, 1994–1998.
The study provides a review of long-term and general insurance. The report includes both UK and global perspectives including:
- Net worldwide premium income for long-term insurance was £87.3 billion in 1998 – an increase of 62% on 1994
- Net worldwide premium income for general insurance was £35.8bn – an increase of 3% on 1994
- In 1997-98, average annual expenditure of all households on all forms of insurance (including personal pensions) was £1,220
- An upsurge in liability insurance as the country becomes more litigation-happy.