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08 December 2020

PIAB welcomes Action Plan

Insurance reform plan launched

Tuesday, 8 December 2020 - The Personal Injuries Assessment Board (PIAB) has welcomed the Government’s Action Plan for Insurance Reform, which has been launched today.

PIAB Chief Executive Rosalind Carroll commented: “PIAB has been a strong supporter of measures that could improve and enhance the operation of the PIAB model, thereby bringing benefits to everyone impacted by insurance costs. We will fully back and implement the measures in the Action Plan with all urgency.”

“The cost of claims and insurance, including public and employer liability, is a very serious challenge for wide sections of Irish society as the cost and availability of insurance can seriously affect small and medium-sized businesses, as well as the community, childcare and sports sectors, and individual households.  Addressing this is even more important in the context of the recovery of the economy from the effects of the pandemic.”

“The recent Central Bank report showed the major benefits in terms of cost and time savings through the resolution of personal injury claims through the PIAB service. It is so important to ensure the services of PIAB are utilised more, to the benefit of injured parties, policy-holders and wider society, who ultimately bear the burden of additional costs.”