TY  - JOUR
PY  - 2013//
TI  - Subsidising unsafe road use
JO  - Journal of the Australasian College of Road Safety
A1  - Tooth, Richard
SP  - 52
EP  - 55
VL  - 24
IS  - 2
N2  - 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>
LA  - en
SN  - 1832-9497
UR  - http://dx.doi.org/
ID  - ref1
ER  -