Michael McGrath (Cork South Central, Fianna Fail)
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The National Claims Information Database (NCID) is a repository that holds information on the cost of non-life insurance claims. The Central Bank of Ireland is responsible for collecting this and managing the NCID under the Central Bank (National Claims Information Database) Act 2018.To date, the Central Bank has published five annual NCID Private Motor Insurance Reports, and two annual reports on Employers’ Liability, Public Liability and Commercial Property Insurance.

In order to assist in answering the Deputy’s question, my officials contacted the Central Bank of Ireland. It has advised that the third annual NCID report on Employers’ Liability, Public Liability and Commercial Property Insurance, covering data up to 31 December 2022, will be published before the end of Quarter 1 2024. I look forward to the publication of this report, as it will provide important insights into the key insurance markets for businesses, as well as many community, voluntary and sports groups throughout the country. This follows an NCID release covering data up to mid-2022 for settled claims in Employers’ Liability and Public Liability insurance, published last July.

It should be noted, Ireland is unique in the EU in having this level of quantitative insight into the insurance sector here, allowing us to analyse and understand industry-level developments. The NCID is a key evidence-base for policymaking, and I believe it will remain a valuable resource to enable us to monitor the impact of developments in the market, including the range of Government reforms delivered in recent years viathe Action Plan for Insurance Reform. The Department of Finance will continue to engage with the Central Bank in relation to any further enhancements to the NCID, as part of ongoing efforts to improve transparency, to in turn, underpin evidence-based policymaking