Hot Wheels: Automobile Theft in Canada
Hot Wheels: Automobile Theft in Canada
Automobile theft has become one of the most significant and costly risks affecting Canada’s property and casualty insurance market. Rising theft rates, increasingly sophisticated criminal methods, and the involvement of organized crime are placing growing pressure on insurers, driving higher claims costs and impacting underwriting and premium structures nationwide.
This course provides insurance professionals with a clear, practical overview of automobile theft in Canada and its implications for insurance coverage, claims handling, and risk management. Participants will examine current theft trends, common methods used by thieves, and the role of law enforcement and regulatory bodies in responding to this evolving issue.
The course also focuses on the responsibilities of agents and brokers in assessing theft exposure, advising clients on prevention strategies, and managing coverage expectations. Ethical, legal, and professional considerations related to theft-related claims are addressed to support compliant and effective client service.
Who Should Take This Course
This course is intended for licensed general insurance agents and brokers, as well as underwriters, claims professionals, and insurance managers involved in personal or commercial automobile insurance.
Learning Outcomes
Upon completion of this course, students will be able to
- Identify current automobile theft trends across Canada
- Understand the impact of theft on claims costs, underwriting, and premiums
- Recognize common and emerging vehicle theft methods
- Explain regulatory and law enforcement responses to auto theft
- Assess theft exposure and recommend appropriate risk mitigation strategies
- Advise clients on theft prevention measures and coverage considerations
- Apply ethical and professional standards when dealing with theft-related claims
