PIAB generates savings, but how much?

The claim that the PIAB system has saved up to €250 million for the economy needs closer analysis, write Jonathan Ilan and Colin Scott

14th March, 2009

The Personal Injuries Assessment Board (PIAB) awarded compensation totalling €217 million to 8,845 personal injury claimants last year - with an average payout per claim of €24,552 - according to data released last week.

However, a PIAB claim that the new personal injuries system has generated direct and indirect savings of between €200 million and €250 million for the economy since its inception in 2004 deserves further scrutiny.

This figure appears to have been calculated by multiplying...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago