- Awards for personal injuries dropped 42% year-on-year between April and December 2021.
- Average general damages awards fell from €21,850 to €11,583.
- Consumer must benefit from these savings through reduced insurance costs, Minister states.
- Minister will continue to monitor impact of guidelines to ensure they are effective.
The Minister for Justice, Mrs Helen McEntee TD has welcomed the publication of the second Personal Injuries Award Values report by the Personal Injuries Assessment Board (PIAB).
Minister McEntee said: “The PIAB guidelines have had a clear and significant cost saving impact since their introduction, with awards for personal injuries dropping 42% on average year on year between April and December of 2021.
What’s important now is that the consumer feels the benefit of these savings through reduced insurance costs.
My Department will continue to assess the impact of the guidelines to ensure that they are having the desired effect.”
The report shows that the overall average general damages amount for the period of April to December 2021 was €11,583. This represents a drop of 47% on average pre-guidelines general damages of €21,850 in 2020.
The latest drop follows an average reduction of 46% in the last period (April to September 2021).
The PIAB Personal Injuries Award Values report for April – December 2021 is available HERE.
The new Personal Injuries Guidelines came into effect in April 2021 after Minister McEntee secured Cabinet approval in March to amend the Judicial Council Act 2019 and the Personal Injuries Assessment Board Act 2003.
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