GFIA Global Federation of Insurance Associations

With an estimated 1.4 billion drivers in the world, ensuring the safety of drivers, passengers and pedestrians is a shared responsibility. Road safety begins with adopting safe driving practices, such as having clear traffic rules and keeping vehicles in good condition.

However, even with the best precautions, accidents happen which is where insurance plays a crucial role. By offering automobile insurance policy, the industry not only provides financial protection in the unfortunate event of an accident, but offers peace of mind.

The world’s insurance sector also actively contributes to road safety initiatives. By offering lower premiums to drivers with clean records, insurers incentivise safer driving habits. Additionally, insurance data helps identify high-risk areas and accident trends, enabling targeted road safety campaigns and improvements to roads.

GFIA advocates for global standards in road safety and accessible insurance solutions. Through collaboration with governments, industry, and international organisations, it aims to improve road safety.