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BIKEBAZE

Fewer theft claims. Less fraud. Sharper premiums.

BIKEBAZE makes insured bikes visibly protected and records the bike data before the claim. Claims costs fall, fraud surfaces earlier and you get the data to underpin premiums.

Four ways BIKEBAZE lowers your claims burden

Fewer theft claims

A registered bike with a visible SafeTag is an unattractive target. Every prevented theft is a claim you do not pay out.

Direct effect on your claims burden

Less fraud

The bike data is recorded before the claim, so a claim that does not match stands out. And a falsely reported bike keeps riding: whoever looks up the frame number or scans the SafeTag sees the stolen status and contacts you.

Fewer unjustified payouts

Less administration

The bike data is already complete when the claim comes in. Fewer follow-up questions, fewer incomplete files, shorter handling time.

Lower handling cost per claim

Data for sharper premiums

Insight into theft frequency, hotspots and recovery. A basis for premium differentiation and prevention discounts.

Better risk assessment

Our results

What BIKEBAZE does in practice

Bikes with a SafeTag are stolen 98% less often. If one is stolen anyway, 27% come back. Registered only, without SafeTag: 5% come back, well above what is common for registered thefts. And fraud drops by 85%: a bike with stolen status is harder to resell. The calculator uses these figures; adjust them if you want to calculate with your own assumptions.

What the figures measure
  • 98%: theft of bikes with an activated SafeTag, compared with unmarked bikes in the same period.
  • 27% and 5%: share of bikes reported stolen that were recovered, with SafeTag and with registration only respectively.
  • 85%: fewer fraudulent claims. The data is recorded before the claim, and a bike with stolen status is worth less on resale. A scan also shows straight away that the bike has been reported stolen, and the finder can contact the rightful owner.
98%
less theft with SafeTag
27%
of stolen bikes with a SafeTag recovered
5%
recovered with registration only
85%
less fraud

What can BIKEBAZE save your insurance portfolio?

Calculate what fewer theft claims can deliver for your organisation. Enter your portfolio details and compare the expected saving with the investment in SafeTags.

Your insurance portfolio

%

What percentage of these bikes is claimed as stolen each year?

€

Your average claim amount after deductible and residual value, taking existing recovery into account.

Your expected result

%

Pre-filled with the result BIKEBAZE measured on bikes with an active SafeTag. Lower this percentage to calculate a more conservative scenario.

Your investment

€

Example price. Your price depends on the number of SafeTags. One-off investment per bike.

Estimated annual saving
€601,914
Investment in year 1
€45,000

Your estimated net benefit in year 1

€556,914

That is €55.69 net benefit per protected bike.

After deducting the SafeTags and the other costs entered.

From year 2: €601,914 estimated saving per year

With an unchanged portfolio and the same assumptions, without new purchase or replacement costs.

Annual saving: 13.4× your investment

When do you earn back the investment?

For your portfolio, the additional recovery of stolen bikes already covers the investment. No reduction in theft claims is needed for that; every percent fewer claims comes on top as a saving.

See how your saving is built up
Prevented thefts per year
421.4
Additional recovered bikes per year
1.9
Additional recovered bikes per year if the number of thefts stays the same
94.6

Saving = bikes with an active SafeTag × share of bikes stolen × expected reduction × net loss, plus the additional recovery when enabled. Investment = SafeTags plus other costs. Year 1 includes the one-off costs; following years do not (without replacement or inflow).

Test this business case with your own portfolio

This calculation shows what BIKEBAZE can deliver based on your assumptions. In a pilot we measure SafeTag activation, theft claims and recovery within your portfolio.

Discuss a pilot for your portfolio

Together we agree on the scope, measurement period and success criteria.

Proof on your own figures in three steps

  1. 01

    Baseline

    We record your current theft frequency, claims and recovery for a defined group of policyholders.

  2. 02

    Roll-out

    Policyholders register their bike and receive SafeTags.

  3. 03

    Result

    After the agreed period you compare claims, fraud signals and recovery with the baseline and decide on scaling up.

Frequently asked questions from insurers

Request a pilot

Test it on your own portfolio

A defined pilot with baseline, measurement plan and evaluation. You see what it does for your claims before you scale up.

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