Posted: February 15th, 2018
A 10% rise in the number of accident claims involving uninsured or untraceable drivers grew by almost 10 per cent since 2016.
Spokespeople for the insurance industry sector sources have revealed that say the increasing costs of rising costs of premiums are possible a contributing factor to the steep increase in claims registered by the Motor Insurers’ Bureau of Ireland (MIBI).
Set by in 1955, the MIBI compensates the victims in vehicle accidents involving uninsured and unidentified vehicles. It is funded by insurance companies fund.
Per annum, the MIBI distributes between €55 million and €60 million in insurance settlements with a mean cost per insurance claim of €55,364.
2,758 claims were registered by the MIBI in 2017, a relatively minor increase on the 2,802 claims submitted in 2016.
On a county by county basis Co Dublin registered the most claims with 41 per cent of all compensation claims submitted to the bureau throughout 2017. It was followed closed by Cork and Limerick in second and third place.
In other counties, the highest percentage increase was experienced in Leitrim with 70 per cent). Next was Roscommon, Carlow and Monaghan with 60%, 43% and 42% respectively.