App: I cam

 

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Applications: Motion sensor camera for notifications, Insurance
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Product Link: https://dl.wish.com/WdJmk Code: nslzqhb

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Relevant Background: "An Internet Protocol camera, or IP camera, is a type of digital video camera that receives control data and sends image data via an IP network. They are commonly used for surveillance but unlike analog closed-circuit television (CCTV) cameras, they require no local recording device, only a local area network. Most IP cameras are webcams, but the term IP camera or netcam usually applies only to those that can be directly accessed over a network connection, usually used for surveillance....Some IP cameras require support of a central network video recorder (NVR) to handle the recording, video and alarm management. Others are able to operate in a decentralized manner with no NVR needed, as the camera is able to record directly to any local or remote storage media..." ("IP Camera", https://en.wikipedia.org/wiki/IP_camera)

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Relevant statistics: "IP Camera Market size valued at over USD 8 billion in 2018 and will grow at a CAGR of 14% from 2019 to 2025. The global industry shipments are expected to exceed 100 million units by 2025." ("IP Camera Market Size By Product (Fixed, PTZ, Infrared), By Connection (Centralized, Decentralized), By Application (Residential [Home Security, Smart Home], Commercial [Retail, Industrial, Healthcare, Real Estate], Public/Government [Transportation, BFSI, Education, Government Facilities]), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025", https://www.google.com/amp/s/www.gminsights.com/industry-analysis/ip-camera-market/amp)
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Relevant Statistics on Burglary & Car Theft in United States: "Every 13 seconds a home intrusion is committed.2.5 million+ home intrusions are committed each year. Only 17% of the homes in U.S. have a security system. 2,500+ cars stolen per day… almost 2 cars a minute. Identity theft is the fastest growing crime in the U.S." ("Nexia Home Security", http://www.nationalair.net)

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    Relevant Statistics on Auto Theft  for Canada: "It's more than a billion-dollar-a-year business in Canada alone, experts say...With a USB cable, he plugs it into the car's diagnostic system and punches some buttons. Then, trying the key, he hears the engine come to life. He backs out and drives away. Before the sun rises, he does the same with four more cars – and in that way, in less than a year, 500 cars in and around the GTA worth $30-million are silently taken...The dismantling of a Greater Toronto Area car-theft ring reveals a sophisticated operation that stole hundreds of vehicles worth $30-million – often right off owners' driveways" ("How high-tech car theft became a billion dollar Canadian racket", https://www.theglobeandmail.com/news/)

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 Relevant statistics for Residential Break in's For Canada -     "A residential break-in happens every 90 seconds in Canada. More than 80% of break-ins occur during daylight hours. Most illegal entries are made by amateur burglars without the use of sophisticated tools. Most burglars enter through a basement or ground-floor door or window. Most burglars rely on concealment, speed, and force to gain entry to a home" ("Preventing break-ins", https://www.sgicanada.ca/news?title=preventing-break-ins)

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   Relevant Statistics on Employee Theft Statistics For US: "According to a Hiscox study, U.S. businesses affected by employee theft lost an average of $1.13 million in 2016. Small and midsize businesses accounted for 68 percent of cases, and their median loss last year was $289,864" ("Employee Theft Costs U.S. Businesses $50 Billion per year", https://www.securitymagazine.com/)

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  Relevant Statistics on Employee Theft For Canada: "On average, employees steal about $2,500 in cash or goods from their employer before they're caught, according to the Retail Council of Canada. On average, customers steal about $175...Every year, employee theft costs Canadian businesses about $1.4 billion dollars" ("A company's most costly thieves already have keys to the building", https://www.cbc.ca/news/canada/nova-scotia/employee-theft-business-loss-money-)

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Relevant Insurance Coverage for Consumer Electronics, Office & Gaming Equipment:
a) Personal Property Coverage that covers all electronics from perils like theft
b) Business equipment and Data Coverage
c) Commercial equipment coverage that covers computers, photo copiers and other electronics
d) Auto Insurance: OPCF 38 - Agreed limit for automobile Electronic Accessories and Equipment
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Location: Canada

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