Oireachtas Joint and Select Committees
Thursday, 21 November 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Dual Pricing for Insurance: Discussion (Resumed)
Mr. Gerry Hassett:
I am sorry. That was a genuine mix-up. Deputy Doherty is correct. It was 255,000 to 200,000. That is very welcome. The problem is that the cost associated with those claims continues to rise. In the same period, our cost of incurred claims has risen by 17%. The way the costs are split, 25% relates to damage to vehicles. They are relatively small amounts of money. Those costs have fallen in line with the number of cases falling, because it is a fairly routine thing. Unfortunately, the cost of personal injuries continues to rise. That is driven by-----
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