Oireachtas Joint and Select Committees

Wednesday, 15 December 2021

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

Insurance Issues: Engagement with Insurance Companies

Photo of Mairéad FarrellMairéad Farrell (Galway West, Sinn Fein)
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That does not really answer it. My question really is: if the claims under the category of awards have fallen by 40%, by how much can we expect the cost to have fallen?

What would that be in nominal terms and on a euro for euro basis? We should expect premiums to have reduced by that amount solely as a result of the personal injury guidelines coming into effect. What percentage have the average premiums across motor and public liability reduced by since 29 April?