@article{ref1,
title="Subsidising unsafe road use",
journal="Journal of the Australasian College of Road Safety",
year="2013",
author="Tooth, Richard",
volume="24",
number="2",
pages="52-55",
abstract="Motor accident regulation of compulsory third party (CTP) insurance in Australia and New Zealand has the effect of taxing safe-road use and subsidising unsafe road-use. This regulation has significant safety consequences as it inhibits insurers from encouraging road safety. In the UK, where the regulatory environment is different, there is a rapid growth in technology-enabled usage based insurance (UBI). UBI is being used to encourage safer driving, particularly among high risk groups. In the absence of reform to CTP regulation, there is a high possibility that in this decade Australia and New Zealand will fall significantly behind the UK in reducing the road toll.  Keywords: Insurance economics; usage-based insurance; innovation; road-safety incentives.<p /> <p>Language: en</p>",
language="en",
issn="1832-9497",
doi="",
url="http://dx.doi.org/"
}