Aviva Canada’s CEO, Colm Holmes, has recently shared his observations on the rising issue of auto theft in the country. In a recent interview, Holmes discussed the alarming trend and its impact on the insurance industry.
According to Holmes, auto theft has been on the rise in Canada, with a 6% increase in 2019 compared to the previous year. This trend is concerning for both insurance companies and their customers, as it not only results in financial losses but also poses a safety risk for drivers.
Holmes pointed out that the increase in auto theft can be attributed to several factors, including the growing popularity of keyless entry systems and the rise of organized crime groups targeting high-end vehicles. He also noted that the COVID-19 pandemic may have played a role, as more people are staying at home and leaving their cars unattended for longer periods of time.
To combat this issue, Aviva Canada has implemented various measures, such as investing in advanced technology to prevent theft and working closely with law enforcement agencies. Holmes also emphasized the importance of educating the public on how to protect their vehicles, such as using steering wheel locks and parking in well-lit areas.
In addition, Holmes stressed the need for collaboration between insurance companies, law enforcement, and government agencies to address this issue effectively. He also called for stricter penalties for auto theft, as well as increased support for rehabilitation programs for offenders.
Despite the challenges posed by auto theft, Holmes remains optimistic and believes that with the right strategies and partnerships, this issue can be tackled. He also urged Canadians to be vigilant and take necessary precautions to protect their vehicles.
In conclusion, the rise in auto theft is a growing concern for the insurance industry, and Aviva Canada’s CEO is taking notice. With a collaborative effort and proactive measures, Holmes believes that this issue can be addressed and reduced, ensuring the safety and security of both drivers and their vehicles.
