Bicycle thefts shake Switzerland: expensive bikes in the sights - damage amounts explode. What financial experts say about it.

Bicycle thefts shake Switzerland: expensive bikes in the sights - damage amounts explode. What financial experts say about it.

According to a report from www.landbote.ch,
Bicycle thefts in Switzerland appear to be not only increasing, but also becoming more and more costly. High-quality bicycles and e-bikes in particular are attractive targets for organized gangs. One insurer is even threatening to increase premiums due to the skyrocketing costs of stolen bicycles.

As mentioned in the article, the number of stolen bicycles and e-bikes in Switzerland is constantly increasing. According to crime statistics, bicycle thefts are difficult to solve, and the amount of damage in Franconia is rising even faster than the number of thefts. This is partly due to the increasing popularity of e-bikes, which represent attractive stolen goods. According to the report, Mobiliar, which is the market leader in this area, is expected to pay out 31 million francs for stolen bicycles this year, doubling in five years compared to 2017, when it was only 15 million. Axa Insurance even reports that bicycle theft damage totaling almost 18 million francs was reported to it last year, which represents an increase of 40 percent compared to the previous year.

The increased theft claims could impact consumers as insurers may be forced to increase premiums to cover the cost of claims. E-bike manufacturers are already responding to increasing thefts by offering security features such as SIM cards, GPS tracking and engine start codes. However, such measures could result in additional costs for consumers.

The increasing rate of bicycle theft in cities could also have a negative impact on the bicycle and e-bike market by undermining consumer confidence in the safety and value of their investments. It is important that the industry and insurers work together to develop preventative measures and improve the safety of bicycles and e-bikes. This could help increase consumer confidence and maintain market stability.