1. The Israeli Compensation System in Respect of Road Accidents Ilan Kaner, Adv. AIDA Motor Insurance Working Party Athens, May 2014 AIDA

2. 2 Israeli Motor Vehicle System - No Fault Under the Israeli Law – compensation to any injured

3. Mandatory Insurance – Bodily Injury Insurance policy - mandatory 3

4. Limited Compensation - Loss of income – three times the average wage - Non-monetary damage – fixed amount 4

5. Exclusive Cause of Action No claim under general Tort Law 5

6. Regulated Mandatory Insurance Policy wording – dictated by Regulator 6

7. Highly Regulated Field (a) Full compensation (b) Terms of insurance set by the Regulator (c) Insurer cannot consider age, number of passengers, etc. 7

8. The POOL The POOL – for “unattractive” insureds 8

9. Motor Vehicle Reform - 2006 - High premium for 2-wheel vehicles - Arrangement for allocation compensation between heavy and light vehicles 9

10. Profitable Results For Insurers 10

11. “Karnit” Fund for indemnification of injured by non- insured / stolen vehicle or hit-and-run accidents 11

12. Issues In Dispute - What is a motor vehicle? Electric bicycle? Electric buggy? Motorised mechanical engineering equipment? - What is a road accident? 12

13. Easy To Handle By Plaintiff - No medical opinion required - No need to prove liability - Regulated limited lawyer’s fees 13

14. Thank you Ilan Kaner, Adv.