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Fri, 14 May 2010
THE AFFINITY APPROACH TO CLAIMS MANAGEMENT
THE AFFINITY APPROACH TO CLAIMS MANAGEMENT...More Welcome to the Affinity Website – the premier resource for all your insurance requirements. Our mission is to be the leading customer focused insurance brokerage, delivering long term sustainable value. Find out more » Our sister company RM Henry Financial Services Ltd provide a comprehensive range of financial services to personal and corporate clients. Our strength and depth enables us to provide a fully independent integrated and transparent service. |
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News
Fri, 14 May 2010
€200m awarded to 8,645 claimants InjuriesBoard.ie review of 2009
€200m awarded to 8,645 claimants InjuriesBoard.ie review of 2009
Compensation totalling €200million was awarded in respect of 8,645 personal claimants in 2009 according to preliminary year-end data from InjuriesBoard.ie.
Since 2004, all personal injury claims in Ireland (excluding negligence) must be processed through InjuriesBoard.ie. Claimants can apply directly to the Board, either online or by post. The average award of €23,163 in 2009 was 6% lower than in 2008, but 5% up on the 2007 average. Nearly three quarters of awards (72%) were for injuries from road traffic accidents while the remainder were split between workplace (11%) and public spacing (17%) accidents. The average workplace award was €32,000 in 2009, almost 48% higher than motor awards which average €21,800. New Claims made to the Board in 2009 rose by almost 5%. Workplace accident claims were down by 6.5% due to less people at work, while motor claims and public liability claims rose by 7.5% and 6%, respectively. The lowest and highest awards in 2009 were €1000 and €493,902 respectively. The data released indicates that 88% of awards made by the Board are less than €38,000, a figure which is in line with data on Court awards. The InjuiesBoard.ie has continued to fulfil its mission to deliver assessments on personal injuries claims fairly, promptly and transparently. They have now made over 32,000 awards since they opened their doors in 2004, amounting to €730m in compensation. By delivering these awards four times faster and with a low administration charge, the InjuriesBoard.ie model has delivered direct and indirect savings of over €300m to the ecology. The Board's services are delivered at no cost to the Exchequer as it is funded through fees charged, by and large, to insurers. In 2010 they will continue to deliver an efficient service without an increase in the fees paid by claimants or respondents.
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