"The issue of watch crime is a growing public concern which is impacting consumer confidence. A crowded and fragmented market with multiple registration sites is unhelpful. It significantly increases the chances of a stolen watch not being pick up as a trader may search a different database," reports The Watch Register. (Credit: amh1988 via Wikimedia Commons)

The Watch Register was founded in 2014 and has grown to be the largest international database of lost or stolen watches. The company's 10-year annual report found a 236% rise in unique serial number registrations in the last year alone, with the total value of missing timepieces amounting to more than €1.5 billion ($1.6 billion).

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Ashley Hattle-Cleminshaw

Ashley Hattle-Cleminshaw serves as ALM's PropertyCasualty360 Senior Editor. She brings 10 years of experience in journalism and communications to the editorial team. Reach her by sending an e-mail to [email protected].

Personal Lines
Investigative & Forensics
Personal Lines
Loss Control