Effects of Motor Insurance Industry and Its Role in Road Safety Management: A Study of Saudi Arabia

Abstract

Motor insurance is difficult business to manage and the progress report from the insurance companies shows that Saudi Arabia motor insurance industry, is suffering from higher motor claims as a result of increment in cost of materials and payment for the victims The aim of this research is to identify how the motor insurance industry participates in road safety management activities and factors influencing its involvement in road safety management. Statistics of Saudi Arabia indicates that approximately 13 deaths and 4 injuries occur daily due to road traffic accidents. Hence, there arises an urgent need to compile a comprehensive demographic baseline statistics and pattern of injuries that will provide scientific evidence based information to effectively educate the public regarding road safety. It will also help to plan better interventions that was previously overlooked to prevent such losses of life and lifelong disability. Survey revealed that as a result, the research output helps in insurance industry and road safety management program and regulations, enforcement, promotion, financing  were identified as the way motor insurance industry (MII) involves in road safety management (RSM).

Keywords: Motor Insurance Industry, Road Safety Management, Accident Claim.