Romania - 5th place in the top of economic losses caused by road accidents
Romania ranks 5th in terms of economic losses suffered as a result of road accidents, according to a report of the World Bank for Europe and Central Asia. Thus the economic cost of accidents on the roads in Romania amounts to EUR 4.1 billion.
On the first positions in the top we find Russia, Turkey, Poland and Ukraine, while countries like Serbia and Croatia had the lowest costs.
Among the costs carried out as consequences of road accidents are found the ones regarding claims paid by the insurance companies, the costs of hospitalization and emergency medical care. In addition, indirect effects generated by road accidents were analyzed, such as: decrease of productivity, due to the absence from work of the employees, scrapping, temporary or permanent, of vehicles, and even losses caused for both the labor market and for the economy, by a person with permanent disability or who died.
Thus, road safety comes increasingly more in the forefront, both in terms of commitments to reduce mortality rate on roads - that Romania has undertaken when it adhered to the European Union -, and of the impact on the MTPL insurance that Romanians pay every year. The immediate effect could be to increase rates for MTPL policies, provided that several companies, compared with the first quarter of the previous year, recorded an increase in the number of claims demands for physical injuries caused by road traffic accidents.
Author: Mihai CRACEA
on 26.11.2009
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