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ROAD ACCIDENT FUND COMMISSION

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Presentation on theme: "ROAD ACCIDENT FUND COMMISSION"— Presentation transcript:

1 ROAD ACCIDENT FUND COMMISSION
- Most frequent injuries - Average time (Claims finalised 1998) Rose Distribution of claim size - Categories of compensation - Road accident income, transaction costs compenstation for 2000 The impact of the current system of road accident compensation on healthcare and rehabilitation

2 Most Frequent Injuries

3 Average Time (Claims Finalised 1998)

4 Distribution of Claim Size

5 Categories of Compensation
Percent

6 Road Accident Income, Transaction Costs Compensation for 2000
Claimant’s Admin & Experts: % Administration of RAF: % RAF Experts: % Net Reserve Arrive Alive Campaign Compensation Paid

7 The focus is the presence or absence of fault
The impact of the current system of road accident compensation on healthcare and rehabilitation Exclusion from system Non-road accident victims Technical and complex Negligence unproven Own negligence The system is excluding The focus is on fault Misallocation of compensation funds Transaction costs are high Lump sums offer no security The focus is the presence or absence of fault Allocation of compensation funds Minor injuries General damages Expenditure of skills, time, money and energy Delay Transaction costs Transaction costs Lump sums offer no security Administration and experts consume compensation revenues Compensation is used to pay further costs No review for adjustment of benefits Inaccurate guesstimates Compensation utilised for other purposes HIV/AIDS


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