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RAF loses around R3 billion annually in opportunistic loss of income claims - ASSA

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GUEST – Gregory Whittaker - Actuary and damages expert for the Actuarial Society of South Africa (ASSA)

The beleaguered Road Accident Fund (RAF) could save around R3 billion a year by rejecting opportunistic loss of income claims from individuals who suffered only minor injuries in a motor vehicle accident. Research by actuary and damages expert Gregory Whittaker for the Actuarial Society of South Africa (ASSA) shows that by local and international standards, loss of income compensation from the RAF for non-serious injuries is excessive.
29 Apr 2024 2PM English South Africa Business News · Investing

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