Written answers
Thursday, 16 June 2016
Department of Finance
Motor Insurance
Michael McGrath (Cork South Central, Fianna Fail)
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107. To ask the Minister for Finance the amount insurance companies reported to the Central Bank as having been paid out on motor insurance claims and the number of claims the payouts related to in each of the years 2011 to 2015; and if he will make a statement on the matter. [16575/16]
Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Central Bank of Ireland that the total amount reported by insurance companies to the Central Bank, as having been paid out on motor insurance claims for each of the years 2011 to 2014 are outlined in the following table.
Information reported to the Central Bank is published annually in the Insurance Statistical Review and this is available in the Publications section of the Central Bank's website.
The figures relating to 2015 were required to be submitted by end-April 2016 and are being compiled for publication in the third quarter of 2016.
Year | Total Motor Liability Claims Paid |
---|---|
2011 | €1,573,462,000 |
2012 | €1,069,454,000 |
2013 | €987,523,000 |
2014 | €1,014,532,000 |
Total 2011-2014 | €4,644,971,000 |
The Central Bank has also informed me that it does not publish the number of claims that the total pay-outs relate to.
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