BREAKING NEWS

Traffic-injury drop saves Israel NIS 12b.

FEBRUARY 5, 2013 02:52

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.

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