The Role of Insurance Companies to Road Traffic Safety in CAMEROON

Abstract

Although road safety is generally based on the areas of prevention, there has been an increasing emphasis on the relationship between insurance, road accidents and road safety. This study was designed to investigate the role of insurance companies to road safety in Cameroon. A sample survey data was used to examine the participation of insurance companies to road safety in Cameroon. The qualitative data analysis carried out revealed that Cameroonian insurance companies' are mostly involved in compensating road victims as way to promote road safety, which is their businesses and their primary objectives are not to reduce road accidents, but however, driver training (the insured), education and publicity and to a lesser extent traffic law enforcement were carried out by to improve road safety. The bonus malus system was identified to be an ineffective policy in promoting road safety due to the instability of the insured. This study has revealed the many different ways by which Cameroon insurance companies could be involved in road safety and in particular the potential benefits of taking part in road safety issues. Consequently, there is an urgent need for active participation of these companies. The usage-based insurance policies appear to be the best 'good practice' recommended toCameroon insurance companies in terms of the level of challenge and level of priority, in addition to its safety and insurance benefits.

Development of MCDM-based Frameworks for Proactively Managing the Most Critical Risk Factors for Transport Accidents: A Case Study in Libya

“…It is noteworthy that the majority of these fatalities, exceeding 90%, occurred in low-and middle-income nations. For instance, according to Nkeng et al [5], although significant progress was made in enhancing road safety and implementing safe systems approaches over the past decade, it was unfortunate that no low-income country saw a decrease in the number of road accidents since 2013. This could be due to factors such as poorer road infrastructure, lower quality vehicles, and less access to driver education and safety programs in regions with lower income levels.…”