Get rid of it!
Alarms are a waste of time and money.
Think it's saving you money on insurance? Next time you get a quote try it without and alarm. The difference will be about £50. Compare that with the cost of a decent alarm and you're £350 out of pocket. It'd take 8 years to pay for itself.
Think it'll save your bike? When was the last time you came running when you heard someone elses alarm go off? And as for the imobiliser, thieves don't ride off on bikes. They pick them up, put them in a van and drive off.

I had a similar problem on my GSXR and going alarm free was the best thing I did.