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)

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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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.