Statistics
Assessments (Awards) – Values 2008
Total Value of Assessments
Issued 2008 | €217million |
| Total Value of Accepted Assessments 2008 | €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.
Delivery Costs and Savings 2008
| Average Delivery Costs per Claim | €1,810 |
| Average Savings per Accepted Award vs.46% Litigation Costs | €8, 858 |
| Total Savings on Accepted Awards | €50.2million |
(Breakdown of Average Value of InjuriesBoard.ie Awards 2008)
InjuriesBoard.ie Award Values 2007 v 2008
| Award values | 2007 | % of total | 2008 | % of total |
| >€38k | €50m | 28% | €77m | 35% |
| <€38k | €131m | 72% | €140m | 65% |
| Total | €181m | 100% | €217m | 100% |
InjuriesBoard.ie Award Volumes 2007 v 2008
| Award volumes | 2007 | 2008 | Change (%) |
| >€38,000 | 745 | 1098 | 47% |
| <€38,000 | 7463 | 7747 | 3.8% |
| Total | 8208 | 8845 | 7.8% |
InjuriesBoard.ie Average Award Values by Category 2007 v 2008
| Average Award values | 2007 | 2008 | Change (%) |
| >€38,000 | €66,587 | €69,715 | +4.7% |
| <€38,000 | €17,608 | €18,151 | +3.1% |
Highest & Lowest InjuriesBoard.ie Awards 2008
Highest Award 2008 €582,932 |
 |
€550 Lowest Award 2008 |
% Breakdown of All InjuriesBoard.ie Awards: 2008
The concentration of InjuriesBoard.ie Awards in the value categories below €38,000 is reflective of the historical situation as evident in data from the Courts Service. Historical Court data shows that 89% of awards were below €38,000.
In 2008, 87.6% of InjuriesBoard.ie awards were also in the same category and we can see this from the above graph.
Categories of InjuriesBoard.ie Awards 2008
Timeline Chart 2008
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.