Insurance for Safer Roads

//Insurance for Safer Roads

Insurance for Safer Roads is a collaborative initiative looking at new levers to improve road safety from the perspective of the insurance industry, with a focus on low- and middle-income countries.

The Insurance for Safer Roads working group comprises representatives from AXA, Zurich, Nestle and the Global Road Safety Partnership who are collaborating towards positive road safety outcomes through heightened involvement of the insurance sector.

Nestle

The working group is a long-term initiative between the parties with two primary initial deliverables:

  1. Convene a first-of-its-kind workshop to look at new levers to improve road safety from the perspective of the insurance industry.
  2. Produce a ‘living’ research reportInsuring Safer Roads – A global guide to strengthen the insurance industry’s contribution to road safety‘. The report integrates the workshop’s insights and tackles the issue of data whilst building the business case for insurers to work towards safer roads.

Beyond publishing the report, the working group will sustain the collaboration and work towards identifying ways to:

  1. Expand the scope of the working group both geographically and in membership.
  2. Continually promote and update the ‘living’ report document and knowledge base.
  3. Build the profile of the role of the insurance industry within the road safety community.
  4. Build the profile of road safety within the insurance sector.
  5. Develop and disseminate good practice case studies of insurers in road safety in line with the recommendations of the report.

We will communicate with our growing community about upcoming events, resources and case studies from the insurance sector generated and inspired by the outputs of the Working Group.

Insurance for Safer Roads: 2nd Workshop Wrap Up

On November 28, 2017, the 2nd Insurance for Safer Roads workshop was held in Zurich, hosted by Zurich Insurance Group at the stunning Zurich Development Centre, with support by initiative co-founders, Nestle and the Global Road Safety Partnership (GRSP). The event brought together many participants from the first successful workshop held in Paris in 2016, and welcomed new faces from insurers and related organizations committed to this important work.

Dave Cliff, CEO GRSP, Andrew Bradley, Head of Group Risk, Nestle, and Jean-Pierre Krause, Head of Risk Engineering, Zurich set the challenges for the Insurance for Safer Roads initiative

This second workshop took important steps in sharing successes and challenges experienced by road safety stakeholders since the inaugural event, and looked at ways to promote and evolve the ‘Insuring Safer Roads’ industry guide which was published through this initiative earlier in 2017.

Dave Cliff, CEO GRSP opened the event with the alarming fact: ‘Despite heightened profile, the inclusion in the SDGs and the efforts of the road safety community, road deaths are on the rise. The figure we have all been quoting for a few years of 1.25 million global deaths is no longer accurate, the new figure reported by the World Health Organization is 1.34 million. And what is more disturbing, it is not just rises in low- and middle-income countries which account for the increase, we are seeing this rise reported as a trend amongst middle- and high-income countries as well. This poses to us as a group the urgent challenge to do more, and to be more effective.’.

The workshop participants, representing a broad range of global insurers, brokers, fleet managers and related industries heard an update from the FIA High Level Panel for Road Safety and on the new LATAM insurance initiative, examined case studies on crash investigation and insurance initiatives, and looked in-depth at the potential impact of autonomous vehicles – link available below.

The immediate next step is to draft and circulate a survey to the participants to gather considered feedback on the event and thoughts on the way forward for the initiative, and to prioritize actions from the participating organizations and identify opportunities for collaboration. We will share the feedback and publish the initiative’s work plan for 2018.

Download the 2017 Insurance for Safer Roads event presentation here

2016 Workshop

At the workshop, co-hosted by the working group with support of eDriving, 80 participants from various institutions and a wide geographic scope gathered to explore opportunities coming from new technologies and responsible use of data. The purpose was to help insurers, public authorities and civil societies contribute to safer roads.

Gaëlle Olivier (AXA), Margie Peden (WHO) and Soames Job (World Bank) opened the event with keynote speeches stressing the urgency of the topic and the critical role insurers can play in road safety worldwide.

This powerful opening also featured a message from Jean Todt and an engaging panel discussion hosted by the GRSP. Following were 3 parallel workshops sharing best practice on:

  • Innovation in road safety education
  • Embedding road safety in products and services
  • Public-Private partnerships

The inputs of participants and presenters were collected and the next phase following the workshop is the creation of the research report.

Research Report

The research report, “Insuring Safer Roads – A global guide to strengthen the insurance industry’s contribution to road safety” is a key output of the Insurance for Safer Roads initiative. The report integrates the workshop’s insights, tackles the issue of data and builds the business case for insurers to work towards safer roads through investigation of 4 primary themes:

  1. Detailing the scope and nature of the road safety problem worldwide and the role of the insurance sector in collision prevention.
  2. Defining the business case for why collision prevention is a smart objective for the insurance sector.
  3. Identifying how the insurance sector can help prevent collisions.
  4. Exploring the emerging technologies and trends in society which will help prevent collisions in the future.

The report will remain a “living document” through continuous updates within GRSP´s resource centre and will serve as a basis for future discussions about insurance and road safety at international public events.

2016 Workshop Presentations

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