Oireachtas Joint and Select Committees

Thursday, 4 April 2019

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

Insurance Costs for Small and Medium Businesses: Discussion

Mr. Jackie McMahon:

I can give some high-level figures on the average cost of injury settlement. In 2016 it went up by 11% from 2015; in 2017 it increased by 8% from 2016; and in 2018 it went up by 2%.

It is moderating and levelling out. Inflation is still increasing, not decreasing.

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