Insurance EuropeInsurance Europe
International Convention for the Recovery of Stolen Vehicles

 

International Convention for the Recovery of Stolen Motor Vehicles (ICRV)

A first agreement by the European insurance industry to tackle vehicle crime was signed in October 1990. To respond to the rapid changes in the availability of data, the kind of information needed and technology, this agreement needed to be updated. This resulted in the International Convention for the Recovery of Stolen Vehicles (ICRV) that was signed in 2006.

The ICRV framework mirrors the cooperation between police contact points that was established by the European Council decision of 22 December 2004.

By signing the convention the signatories agree to establish an insurance contact point in their respective country. The insurance contact creates a public-private partnership with the police in their country to allow for an effective information exchange on stolen vehicles. Furthermore, the signatories commit themselves to exchange information with the relevant insurance contact points in other EU member states.

Insurance Europe holds the secretariat of the ICRV framework.

 
National contact points
 
[CHART,5947]
 
Statistics
 

The European market is the largest motor market in the world, with more than 342 million passenger vehicles registered in 2012 (both EU and non-EU markets). In 2012, The EU had over 290 million passenger vehicles on the road compared to 252 million in the United States. The European market grew on average by 1.2% a year between 2006 and 2012.

Total number of passenger vehicles in Europe 2006-2012

 

The average passenger car density in Europe per 1 000 inhabitants is estimated to have been 518 in 2011. Iceland was the highest car density in Europe with more than 747 cars per 1 000 inhabitants, while the lowest density level is in Turkey with 164. Even though the average car density level is gradually increasing, it is still below the US average of 786 passenger vehicles per 1 000 inhabitants.

 

Number of motor vehicles per 1000 inhabitants 2011
 
Contacts
Sara MacArthur
Sara MacArthur
Policy advisor, general insurance