The threat posed by traffic accidents to insurers’ capital resources

Makato Kawagoe of the General Insurance Association of Japan (GIAJ) on the Association’s new traffic accident prevention programme and why the GIAJ is addressing the issue with the same seriousness as it does natural catastrophe losses

According to the latest report on road traffic injury prevention published by the World Health Organization, an estimated 1.2 million people are killed in road accidents each year worldwide, and as many as 50 million are injured. In the report, projections indicate that these figures will increase by about 65% over the next 20 years, unless there are new commitments to prevention.