Statistics 2008
2008 Assessments (Awards) Values
| Total Value of Assessments | €217million |
| Total Value of Accepted Assessments | €131million |
Assessments (Awards) Savings to date
According to the Motor Insurance Advisory Board (MIAB), the cost of delivering awards under the litigation system prior to the establishment of InjuriesBoard.ie was 46% of the award value. These figures are supported by the findings of the independent Cost Benefit Analysis (Dr. Vincent Hogan, UCD) conducted at the end of 2006.
Any reduction in the cost of delivering compensation is of benefit to consumers through reduced premiums or payments for goods and services. Details of reductions in insurance premiums can be obtained from the Central Statistics Office or the Financial Regulator.
2008 Delivery Costs and Savings
| Total InjuriesBoard.ie Delivery Costs | €10.19million |
| Comparable Litigation Costs | €60.41million |
| Actual Savings (InjuriesBoard.ie v Litigation System) | €50.22million |
2008 Breakdown of Average Awards by Category
| Motor Liability | €23,327 |
| Employer's Liability | €32,266 |
| Public Liability | €24,769 |
| Overall Average | €24,552 |
2008 % Breakdown of All Awards by Value
2008 % Breakdown of All Awards by Claim Category
2008 Timeline Chart
100% of cases are assessed within the statutory timeframe as set out in the Personal Injuries Assessment Board Act 2003.
- In 2008, the average timeframe from the date of Respondent consenting to InjuriesBoard.ie assessing the claim is 7 months.
- Prior to the introduction of InjuriesBoard.ie, cases took on average 36 months to be resolved through the litigation system.