Insurance Industry
Dail Éireann — 2022-04-28
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Sean Fleming (FF), Laois-Offaly

It is very important to point out that while the judicial guidelines are giving reductions of 40% in the cost of claims for soft tissue injuries and the most common injuries, no one who understood the system ever believed that would lead to a 40% reduction in premiums because the cost of those claims was the biggest cost to the insurance industry but it was not its only cost. That 40% will apply to the proportion of their costs that related to the cost of claims.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2022-04-28/debate/main
Retrieved: 2026-08-14T04:50:23+00:00
Sitting date: 2022-04-28