Accident Severity

Accident Severity

The monetary value of the loss caused by an accident. Accident severity is useful in determining the premiums for accident insurance.
References in periodicals archive ?
However, while accident frequency is anticipated to reduce as a result of driverless technology, the study warns that accident severity could increase and that a transfer of liability could occur, from drivers to car manufacturers and software providers.
Craig O'Shaughnessy, managing director at Xpress Centres, said: "Our premium fast-track repair solution is a perfect fit for around 40% of all accident repairs and with driver aids reducing accident severity, non-structural repair volumes continue to grow.
Analyis of traffic accident severity using decision rules via decision trees.
They analyzed single-vehicle accident data for three vehicle types, and they estimated effects of vehicle, environment, human, and site factors on accident severity.
Faced with falling profits caused by rising collision repair costs, claims counts and accident severity, many auto insurers are tempted to choose Response #1.
Additionally, some industry statistics we're monitoring indicate that the combined ratio for personal auto insurance has worsened, driven by increases in both accident severity and frequency.
Speaking at the event, Dr Adnan Rahman, director-general of the IRF, said: "Some of the main uses of Intelligent Transportation Systems (ITS) are to promote safe driving in traffic, prevent unsafe driving behaviour and reducing accident severity.
The UP National Center for Transportation Studies (UP-NCTS) Road Safety Research Laboratory's study on the speed control of PUBs revealed that road accident severity is very much related to speeds of colliding vehicles attributed to driver's practice of tailgating and miscalculation of speed.
For the spots, with more than two times the average severity of accidents for the total route, accident severity of the axis (Severity), are considered as accident spot.
At the vanguard are new vehicle models sporting a variety of driver-assist systems to reduce accident severity and claims frequency, including forward-collision and lane-departure warnings, with or without automatic driver overrides.
Moreover, we find that the accident externality exists in terms of both the accident probability and accident severity.
This paper empirically investigates how recalls affect accident severity using publicly available accident and recall data from the NHTSA.