Road Accident Fund
Homepage http://www.raf.co.za
LinkedIn Profile https://linkedin.com/company/roa***dent-***
HQ Location
South Africa , Gauteng, Pretoria420 Witch Hazel Ave Centurion Pretoria, Gauteng 0081 South Africa
The Road Accident Fund is a state insurer established by statute, it provides insurance cover to all drivers of motor vehicles in South Africa in respect of liability incurred or damage caused as a result of a traffic collision. Liability incurred in relation to property damage (such as damage to vehicles, buildings, vehicle contents) is excluded from cover. The Road Accident Fund operates a system whereby the claimant is assigned a percentage of responsibility for the accident, and the Road Accident Fund pays the claimant a percentage of a full settlement based on a percentage that was not deemed to be their responsibility. Insurance premiums are collected by the Road Accident Fund through a levy on motor vehicle fuel.
Insurance, Risk Management and Actuarial Science
The Insurance & Risk Management industry is involved in the assessment and management of risks associated with business activities . Companies in this field specialize in underwriting insurance policies and providing risk management advice to businesses .
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