A drop in injuries from road accidents since 2000 has saved Israelis NIS 12
billion in required insurance, the Capital Markets, Insurance and Savings
Department of the Finance Ministry announced Monday.
According to a study
by Ron Bina Actuaries using data from Clal insurance, the probability of
accidents fell 28 percent from 2000 until 2011.
Alongside an increase in
competition, fewer accidents brought insurance rates down 39%, from an average
of NIS 2,648 in 2000 to NIS 1,618 in 2011. In 2011 alone, the reduction amounted
to a NIS 2b. in savings throughout the country.
The study attributed the
savings to improved safety systems on the roads and in vehicles.