Maximus wrote:This also explains why insurance premiums are low in Cyprus.
Theft, accidents and fatalities are low, so the probability of payout from the insurance company for any claim is low.
Actuaries make their decisions on how to price insurance premiums based on real numbers, probabilities and facts.
if the roads in Cyprus were unsafe, if the insurance companies had a higher risk of payout, then premiums would be higher than what they are.
Which they are not. Motor Insurance is cheap in Cyprus.
Hey Max, I don't particularly care that much about the issue. Although I nearly got arrested once by the Greek Police in Zakynthos because I told them they are in African or South East Asia tin pot when this idiot on a motor bike flew past me shirtless, and without a helmet taking off my side mirror. I called them a tinpot because in Australia, the coppers would have fucked that motorcyclist over and might have even impounded their bike for hoon driving.
The truth is, Greece and Cyprus isn't as bad as some African or Asian countries. Probably quite safe if you selectively compare the stats to these.
But overall, Cypriot roads are not as safe as many developed OECD. If you compare the results there, Cyprus is quite bad, and only just a tiny fraction behind Greece.
In the end what does this mean for Cyprus? Well the upside is that Cyprus could be doing more to save young lives and if they try a little harder, lives will be saved which is great upside right?
How can they do better? Well, a very strict no tolerance approach is needed. Better education programs at school with regard to driving and road safety. More police enforcement etc. Better roads. They could make it harder to get a license. For example, introduce a log book for training new drivers. Reduce the alcohol limit to 0.05 and have more RBTs
https://ec.europa.eu/transport/road_saf ... sr2018.pdfIf you look at page 6, Cyprus does not fare well to most of Europe, certainly not well when you compare Cyprus to places like the UK and Netherlands. Fares better against Lithuania and Poland. But on a positive note, all EU countries reduced their fatalities drastically from 2007, Cyprus incluided. But Cyprus has a long way to go to get close to the more developed European countries