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The Benefits
Stakeholders
Insurance Industry
Insurance Industry will benefit from improved reputation and profitability
GEAR:
- Detects multiple claims
- Reduces fraudulent claims
- Enables insurers to more accurately quantify risk and exposure
- Raises premium recovery from those who are underinsured
- Improves the efficiency of the claims process
- Provides a traceable history of insured items and owners
- Provides the company with a market edge
- Shows the company as proactive in crime reduction
- Improves profitability by reducing payouts.
Families, Couples and Private Consumers will benefit from improved security, confidence and peace of mind because GEAR:
- Provides an accurate record of all assets & valuables, accessible worldwide twenty four hours a day
- Provides a remote and secure electronic safety deposit box for digital images of documents, pictures, audio, or electronic files of any type.
- Reduces the likelihood of theft by increasing the probability of detection
- Reduces claims and therefore allows for premium reductions
- Increases the likelihood of return of stolen property
- Reduces the stress, administration and time associated with insurance claims
- Tracks ownership and provides a record of the legitimate sale of second-hand property that is registered with GEAR
- Allows victims of crime to flag their property as being stolen, even if the police do not attend the crime scene.
Commercial/Businesses/Government Organisations will benefit from reduced theft and increased security because GEAR:
- Provides an accurate record of all the organisations assets & valuables, accessible worldwide twenty four hours a day
- Provides a remote and secure electronic safety deposit box for digital images of documents, pictures, audio, or electronic files of any type
- Reduces the likelihood of staff and customer theft by increasing the probability of detection
- Reduces claims allowing for premium reductions
- Increases the likelihood of return of stolen property
- Reduces the stress, administration and time associated with insurance claims process
- Tracks ownership and provides a record of the legitimate sale of second-hand property that is registered with GEAR
- Allows organisations to flag their property as stolen or missing even if the police do not attend the crime scene
- Allows for the quick calculation of asset depreciation schedules
- Provides easily accessible asset register
Commercial/Businesses/Government Organisations will benefit from reduced theft and increased security because GEAR:
- Provides an accurate record of all the organisations assets & valuables, accessible worldwide twenty four hours a day
- Provides a remote and secure electronic safety deposit box for digital images of documents, pictures, audio, or electronic files of any type
- Reduces the likelihood of staff and customer theft by increasing the probability of detection
- Reduces claims allowing for premium reductions
- Increases the likelihood of return of stolen property
- Reduces the stress, administration and time associated with insurance claims process
- Tracks ownership and provides a record of the legitimate sale of second-hand property that is registered with GEAR
- Allows organisations to flag their property as stolen or missing even if the police do not attend the crime scene
- Allows for the quick calculation of asset depreciation schedules
- Provides easily accessible asset register
Police/ Law Enforcement will benefit from improved security and crime reduction because GEAR:
- Increases the successful identification and tracing of stolen property
- Increases the rate of return of stolen property to its rightful owner
- Provides the police with information and data on stolen goods
- Acts as a general deterrent to theft and therefore promotes community safety
- Reduces insurance fraud and increases the detection of offenders.