Alliance welcomes Injuries Board 2024 Report

With premiums continuing to rise, the government cannot increase personal injury awards at this time

The Alliance for Insurance Reform welcomes the publication of the Injuries Resolution Board 2024 Annual Report.

The report makes clear the positive impact the Injuries Board has had regarding the fair and prompt resolution of personal injury claims for over 20 years.

The Injuries Board also reports that more than €76 million has been saved in avoided legal costs in 2024 alone.

Claim volumes remained 33% lower than 2019 levels, reflecting the continued impact of the Personal Injuries Guidelines.

It also noted that in 2024 there has been no increase in claims in public liability and a 5% decrease in employer liability.

Speaking about the report, Alliance board member Ivan Cooper said: “The report makes clear that significant savings are being generated due to avoided legal costs and the volume of claims coming down by a third.

“These facts alone warrant meaningful and sustained reductions in insurance premiums, but instead we continue to see insurance companies prioritise profits over their policyholders.

“There is no justification for liability premiums for businesses, sports, community and voluntary groups to be increasing and yet they continue to do so.”

Ivan also said: “In the face of ever-rising insurance premiums we urge the government not to increase personal injury awards by 17% – something they are actively considering.

“To do so now will guarantee the cost of insurance goes up even further.

“Given the cost of living and cost of business challenges at present, does the government not know people simply can’t afford for this to happen?”