New South Wales

Economics of Road Safety: An Insurance-based Approach


From: Wednesday March 7, 2012, 12:30 pm

To: Wednesday March 7, 2012, 2:00 pm

On 7th of March 2012 Richard Tooth presented his paper : Economics of road safety: An insurance-based approach Abstract: Although great progress has been made in reducing the road toll, the economic costs of road crashes is still significant: estimated at over $27 billion per year. This paper examines the economics of road safety and examines the possibility of encouraging safer road use through an efficient, revenue positive, insurance-based approach. In doing so the paper examines issues associated with the value of safety, behavioural economics, compensation and deterrence and the proposed National Insurance Injury Scheme. Richard Tooth is a Director with the expert services firm Sapere Research Group. He works primarily on issues relating to economic policy and regulation across a range of industries that includes water, energy, transport, natural resources, insurance, and other financial services. His recent work has included contributions on issues such as the urban water reform, the National Disaster Insurance Review, the value of wind power, road safety and mining taxes. He is also vice-President of the NSW branch of the Economics Society and a regular speaker at economics and industry policy conferences. He holds a BSc in information science, a Master’s degree in Business Administration and a PhD in economics. Please contact Richard ( for a copy of the seminar presentation. An article based on the seminar was published in the Sydney Morning Herald. See Clever technology offers new ways to shape safe driving , Richard Tooth, 6 April 2012



65 Martin Place , Sydney NSW

Share this with your friends

Add to My Calendar

New South Wales

map Queensland New South Wales Australian Capital Territory Victoria Tasmania South Australia Western Australia