Wonder why your insurance is going up? Injury claims rose 10% last year via injury board – TheLiberal.ie – Our News, Your Views



Wonder why your insurance is going up? Injury claims rose 10% last year via injury board




The Injuries Resolution Board received 10% more personal injury claims last year.

Even yet, with 20,263 claims, the overall number was still 35% less than in 2019.

Compared to a year ago, the number of motor liability claims increased by 14%, while claims for public liability increased by 3% and claims for employers responsibility increased by just 1%.

Awards of €170 million were given out, according to the organization’s annual report.

Because of the reduced volumes, it is up €29 million from the previous year but still 38% less than the €275 million granted in 2019.

The total median award value was €11,650, which represents a 37% decrease from the values in 2020—the final year when the previous Book of Quantum method was used.

“We are seeing more stabilisation in relation to the motor claims, we’re only seeing 2% growth so far this year,” said Rosalind Carroll, CEO of the Injuries Resolution Board, reports RTE.

“In terms of our claims regarding fatal injuries, they went up by 37% and when we look specifically at road deaths, what we can see is that about 50% of those are vulnerable road users and I think it’s important to highlight that. They included pedestrians, motor cyclists and cyclists, so people who don’t have the protection of a car,” reports RTE.

While the median value of public liability awards was 40% lower at €20,396 than it was in 2020, the median value of vehicle liability awards was down 41% at €10,692.

A 14% increase in road traffic claims last year was the primary cause of the total increase in claims.

Employers’ liability awards had a median value of €16,531, which is 29% less than it was three years prior, reports RTE.

The largest prize increased from €655,000 in 2022 to €691,000 last year.

Higher consent and acceptance percentages indicate that the Injuries Resolution Board was retained to handle more claims in 2023, reports RTE.

71% of respondents gave their assent to the board’s evaluation, which is the highest percentage since it was founded and a little increase over the previous year.

However, 48% of the assessments were approved by the respondent and the claimant.

The board calculates that by not going to trial last year, avoidable expenditures of €75 million were saved, reports RTE.

Nonetheless, claims for deadly incidents increased by 37% to 115.

Vulnerable road users including bicycles, motorcyclists, and pedestrians were implicated in half of all fatal road traffic accident claims in 2023, highlighting their increased vulnerability on our roadways.

Males were involved in just under 70% of all fatal traffic incidents, and over half of the victims were under 30, reports RTE.

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