Oireachtas Joint and Select Committees
Wednesday, 18 December 2019
Joint Oireachtas Committee on Justice, Defence and Equality
Access to Justice and Legal Costs: Discussion (Resumed)
The Insurance Ireland fact file references a claims ratio of 71.5%. This means that for every euro taken in 71.05 cent is paid out in claims. The Central Bank reports states that the amount paid out is 59 cent, which is a significant reduction. For the previous year, Mr. Hassett claimed it was 82 cent, but the Central Bank report states it was 69 cent. They are not small margins of error.