iPhone Theft Surge Expected - AXA Home Insurance

21 September: AXA, one of the UK’s largest insurers, warns consumers to take care of new iPhones as the long awaited ‘5’ is launched.

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AXA Insurance
With the new iPhones expected to cost well over £500 and with huge demand for stock, they will provide very attractive pickings for thieves.

(PRWEB UK) 21 September 2012

Claims data from AXA home insurance shows that in the four months following the launch of the iPhone 4, theft levels of iPhones shot up by 45%. AXA are expecting a similar, if not a more extreme pattern with the iPhone 5.

AXA is warning consumers:

  • Be vigilant with new phones, keep them securely hidden when not in use e.g. in a bag or a zip up pocket
  • Don’t ‘flaunt’ the new phone in public – think about where you use it and whether it could be easily snatched
  • Hold on to all receipts/proof of purchase to validate any claim made
  • Check insurance details to make sure the phone is covered either through a separate policy or as part of a home insurance policy

Christine Matthews from AXA says: “With the new iPhones expected to cost well over £500 and with huge demand for stock, they will provide very attractive pickings for thieves. We are prepared for an increase in claim volumes but would urge consumers to do what they can to protect their new phones.”

About AXA
AXA UK is a part of the AXA Group. The AXA Group is a worldwide leader in insurance and asset management, with 163,000 employees serving 101 million clients in 57 countries. In 2011, IFRS revenues amounted to Euro 86.1 billion and IFRS Underlying Earnings to Euro 3.9 billion. AXA had Euro 1,065 billion in assets under management as of December 31, 2011.

In the UK AXA operates through a number of business units including: AXA Wealth; AXA Commercial Lines and Personal Intermediary, AXA Personal Lines, AXA PPP healthcare, AXA Ireland and an independent distribution business Bluefin. AXA employs over 12,000 staff in the UK.
The AXA Group is included in the main international SRI indexes, such as Dow Jones Sustainability Index (DJSI) and FTSE4GOOD, and is a founding member of the UN Environment Programme’s Finance Initiative (UNEP FI) Principles for Sustainable Insurance.


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