Richard Boyd Barrett
Ceist:188. Deputy Richard Boyd Barrett asked the Minister for Finance the amount paid out annually in motor insurance claims from all insurance companies. [36332/17]
Amharc ar fhreagraWednesday, 26 July 2017
Ceisteanna (188)
Freagraí scríofa
The Central Bank has advised me that under Solvency I it published Insurance Statistics annually and the latest data available is for 2015.
In this regard, it has provided me with the following information on claims paid for total motor vehicle business for financial years 2011-2015 inclusive, which is detailed in Table 22 of the Insurance Statistics annual publication. This data covers all insurers established in Ireland and those writing business on a freedom of establishment basis i.e. branches.
|
Year |
Gross Claims Paid €'m |
|
2015 |
1,103 |
|
2014 |
1,073 |
|
2013 |
1,051 |
|
2012 |
1,124 |
|
2011 |
1,623 |
It should be noted that Solvency II came into force from 1 January 2016 with the first annual reporting under Solvency II received on 20 May 2017. This data is currently being analysed and verified by the Central Bank.