The latest figures show a massive fall in payout sizes for personal injury claims following legislative changes, alongside an increase in claims submissions.
The median award value in 2023 was €11,150, a significant 39% reduction from the €18,422 median awarded in 2020, reflecting ongoing reforms.
Increased legislative reforms now allow the Injuries Resolution Board to assess psychiatric damage claims, resulting in one in eight awards focusing on these issues.
An increase in both claim submissions and acceptance rates indicates a stabilization in the engagement process with the Injuries Resolution Board, enhancing overall efficiency.
#personal-injury-claims #payout-trends #legislative-changes #psychiatric-damage #injuries-resolution-board
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