Professional Documents
Culture Documents
Insurance Industry embraced security. Loss control was important to profits. Certificated Systems popular through 1970s because they reduced loss.
Sales
Loss Control
Investigation
Underwriters offered DISCOUNTS to policy holders and even MANDATED alarms before underwriting policies
Certificated systems declined Why? 1970s - Insurance became Investment Income business collecting premiums. Loss control increasingly unimportant. Alarm Discounts now Marketing Gimmick
Sales
Loss Control
Investigation
Claims
Investigation
2008 Market Crash destroyed model. Profitability now means Loss Control. Alarm discounts decline/eliminated as outdated marketing device.
Insurance connection to Law Enforcement Trains 12,000 police officers/year Trains 20,000 insurance people/year Funded by 1,100 property insurers NICB does NOT endorse a brand but does support Priority Response policy.
www.ijmag.com/LossControl
Stronger
Partnership
Minimize Loss
Example: Detroit
"Our main goal is to respond to crimeWe've been looking at this for a long time and from what we've observed this is definitely the way to go. Verified response will take us to the next level."
Jan 12, 2012 - The city of Las Cruces, N.M., may amend its alarm ordinance so a Verified Response System could be required for the installation of burglar alarm systems in any new residential or commercial construction due to a high number of false calls.
Legacy Standards no longer provide highest level of confidence Purpose of alarm is to reduce claims and losses - arrests
1. 2.
Event
2. Operator confirms if an intruder is present and calls owner. 3. Operator dispatches confirmed alarm for priority response.
www.priorityresponse.info
MotionViewer
2 Indoor Events: 1 Critical Difference
97%
the LAPD implemented a revised Burglar Alarm Dispatch Policy to make optimum use of limited public safety resources.
Case Study Boston Traditional Alarms are Priority 3 Video Alarms are Priority 1 More arrests and lower claims
Claims
Investigation
2008 Market Crash destroyed model. Profitability now means Loss Control. Video intrusion alarms deliver arrests and reduce losses: re-evaluate the DISCOUNT
1.
2. 3.
Video Intrusion Alarms and Priority Response increase arrests. Arrests reduce claims/losses. The Risk Assessments will be collected and form the basis to create this new standard.
Insurance Agent/Customer/Security
Joint Meeting to Discuss: How Priority Response reduces claims using Video Intrusion Alarms based upon Video Intrusion Alarm to deliver priority response and reduce losses. Re-evaluate the Discount
Customer/ Prospect
Security Salesperson
Insurance Agent
Risk Assessment
Premium Discounts Reducing Deductibles Based upon: reducing risk improving police response mitigating historical loss factors
Customer/ Prospect
Security Salesperson
Insurance Agent