Results 11,481-11,500 of 26,021 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: Overheads.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: A reinsurance cost. Two thirds of the cost is make up by claims.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: What is the breakdown between the awards and legal fees?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: Some 37% is the awards and 30% is the legal fees.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: Some 42%.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: Then there is the 58% figure.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: Am I correct in saying that of the 67%, 37% is in terms of awards and 30% goes on legal costs? I want to compare that with the figures Mr. McMahon has given us. Of the awards that are paid out in personal injury cases, I want to establish the breakdown between the awards and legal fees.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: Some 80% goes on legal costs and is it only 20% that is the award?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: Some 30% of the 58% is legal fees.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: That means 28% is the award.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: I am trying to establish in terms of the paying of a personal injury award what percentage is the compensation award and what percentage is legal fees.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: Legal fees.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: I will move on to Mr. Bradley.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: Of the 65% to 70% figure, on the personal injury side, Mr. McGrath said that for Allianz the figure is 70% and approximately 30% goes on legal fees. What is AXA's breakdown for personal injury claims?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: The breakdown ratio is roughly 70% and 30%.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: I will move on to Ms Muldoon of FBD. The representatives of AXA and Allianz have said they get approximately 5,000 personal injury claims each year. I ask Mr. McMahon how many personal injury claims FBD would settle a year.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: Based on the figures, can I have a breakdown of how much is paid out in terms of €100 of premium taken in? In the case of AXA, Mr. Bradley indicated that of €100 premium taken in, 95% is paid out. In the case of FBD, will Ms Muldoon indicate with respect to €100 of premium taken in how much is paid out?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: Some 89% is paid out. What is the make-up of that 89%?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: So it is equivalent.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: What is the breakdown on the personal injury side between the awards and the legal costs?