Question NW1806 to the Minister of Transport
12 June 2018 - NW1806
Hunsinger, Mr CH to ask the Minister of Transport
(a) What are the details of the plan that the Road Accident Fund (RAF) has put in place in respect of claims in the next three financial years, (b) who developed the plan and (c) what methods and processes does the RAF use and/or rely on when determining or projecting the growth and/or decline in claims?
Reply:
(a) The details of the plan that the Road Accident Fund (RAF) has put in place in respect of claims for the next three years is set out in the RAF’s Strategic Plan and Annual Performance Plan, which plans are approved by Parliament, (b) the plans were developed by the Board, in consultation with the Management of the RAF and (c) the RAF utilises actuarial reports and assessments to determine the projected growth and, or, decline in claims.