Oireachtas Joint and Select Committees

Wednesday, 14 September 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Rising Cost of Motor Insurance: Discussion (Resumed)

11:00 am

Photo of Gerry HorkanGerry Horkan (Fianna Fail) | Oireachtas source

On the same topic, we have had many references to the quantum of figures, volume of cases and so on. Is it fair to say that of the number of motor insurance claims that arise on an annual basis, 70% or 71% are being settled, with 20% being settled by the Injuries Board, as opposed to being assessed? The 70% figure includes the 14,000 cases involving non-liability and those that get lost on the system. Approximately 10% end up in the courts. Is it the case that 70% of settlements are before or after the involvement of the board or initial assessment? We know 20% are dealt with and finalised by the board, with 10% going to the courts. I presume the 70% figure relates to the €1 billion referred to by Senator Mulherin as a kind of surplus. Is that fair to say?

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