Breaking the £1.5B Car Theft Industry
Car theft in the UK has reached crisis levels, creating a direct £1.5 billion annual burden on insurers and policyholders. Sophisticated methods such as keyless entry hacks and relay attacks have pushed thefts to their highest levels in over a decade.
For insurers, this isn’t just more claims — it’s bigger losses: average vehicle values are higher, recovery rates are lower, and organised crime is faster. The impact is clear — soaring payouts, rising premiums, and increasing pressure on claims teams.
The Facts
£1.54 billion: estimated annual cost of vehicle theft to UK insurers.
Recovery rates have collapsed from ~80% in 2006 to ~23% today — with some regions as low as 5–6%.
High-value models like Range Rovers, Mercedes and BMWs are disproportionately targeted, driving up average claim costs.
By day 3–4 after theft, many vehicles have already left the UK, making rapid action critical.
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Our Vision
Onboard Analytics is solving this challenge by turning connected vehicles into recoverable vehicles.
By linking directly with OEM embedded technology across more than 8 million UK vehicles, our platform enables insurers and finance houses to recover assets at scale — quickly, compliantly, and without costly aftermarket hardware.
Working alongside UK authorities and recovery partners, we help intercept stolen vehicles — often within 24 hours — protecting portfolios, reducing loss ratios, and hitting organised theft where it hurts.​
Recover more.
Pay out less.
OEM intelligence at global scale.
