Enterprise Committee to resume pre-legislative scrutiny of the General Scheme of the Personal Injuries Resolution Board Bill 2022 with Insurance Ireland and the Alliance for Insurance Reform

The meeting will take place in Committee Room 1 of Leinster House between 09:30-12:30. 

The following representatives are due to appear: 

• Director of the Alliance for Insurance Reform - Peter Boland

• Director, Alliance for Insurance Reform, owner of Kidspace - Tracy Sheridan 

• CEO of Insurance Ireland - Moyagh Murdock   

• Director Advocacy, Communications and Public Affairs, Insurance Ireland - Florian Wimber

• Manager of Regulation and Policy Development, Insurance Ireland - Michael Curtin

• Non-Life Insurance Manager, Insurance Ireland - Michael Horan

Speaking ahead of the meeting, Committee Cathaoirleach Deputy Maurice Quinlivan said: “The General Scheme progresses commitments in the Programme for Government and the Action Plan for Insurance Reform to enhance and reform the Personal Injuries Assessment Board (PIAB).”

“Pre-legislative scrutiny of this legislation by this Committee began in March and it is envisaged that it will be enacted later this year and will increase the number of personal injury claims that are resolved through the PIAB process rather than litigation.” 

“A Central Bank report published in 2020 found that the legal costs associated with setline personal injury claims through litigation were up to 20 times more costly than going through the PIAB. It is clear that expanding the mandate of the PIAB to resolve more claims will help to drive down legal costs for consumers.” 

“We welcome the opportunity to hear from representatives from Insurance Ireland and the Alliance for Insurance Reform to gain their insights on the Bill and what it means for consumers.”

Watch the meeting live here or on the Oireachtas app for Apple and Android.