Liability claims fall but premiums remain high
NCID report shows falling claims costs and volumes, but businesses still await lower insurance premiums
Print14 April 2026
The latest National Claims Information Database (NCID) liability report from the Central Bank makes it clear that the reforms introduced in recent years continue to reduce the cost of liability claims.
The question now is why businesses, sports clubs, community groups and voluntary organisations are still not seeing those savings reflected in the cost of cover.
Today’s (14 April) report shows that the cost of settling injury claims in H1 2025 was €9 million lower than the pre-Covid average (2015-2019).
The volume of settled claims was also down 13% for the same period.
Average compensation
For claims settled for less than €150,000, which accounts for the vast majority of cases, average compensation cost is now 17% lower than in 2020.
These are the kind of savings the Government’s insurance reform programme was intended to deliver.
At a time when organisations across the country are under significant cost pressure, it is unjust and unacceptable that insurers continue to benefit from lower claims costs while policyholders are still waiting to see meaningful relief in the cost of their cover.
The report also shows that Government needs to take further action to ensure that many more suitable claims are concluded through the Injuries Resolution Board, rather than progressing into litigation where average legal costs now exceed average awards for a majority of claims (under €150k).
Commenting on today’s report, Lucy Medlycott, Alliance board member and executive director of ISACS Network, said: “This report shows that the reforms introduced in recent years are working.
“Claims volumes are down, claim costs are down and compensation levels for the great majority of claims have reduced.
“Policyholders are entitled to expect that those savings would be reflected in the cost of insurance.
“Instead, insurers continue to make very strong profits while businesses, sports clubs, community organisations and voluntary groups remain under real pressure.
“At a time of significant economic strain, that is unjust and unacceptable.”
Ms Medlycott added: “The report also shows that Government needs to take further steps to ensure that many more suitable claims are concluded through the Injuries Resolution Board rather than through litigation – awards are the same and claims are resolved in half the time.
“The question for Government is why so many cases are still ending up in litigation and what further steps are needed to change that.”
Read more: CSNA urges delay on licence applications
© 2026, ShelfLife by CSNA
Related Articles
Fuel price surge driven by wholesale costs →
Followers 0
Fans 0
Followers