National Claims Information Database
The establishment of the National Claims Information Database (NCID) was one of the recommendations made by the Cost of Insurance Working Group (CIWG), which was established by the Minister for Finance in 2016.
The purpose of the CIWG is to examine the factors contributing to the costs of insurance and to identify measures to reduce this cost, taking account of the requirement to maintain a financially stable insurance sector.
About the NCID
The NCID is a repository for aggregate claims data. The purpose of the NCID is to increase transparency around the cost of claims. Aggregate data is collected from insurers, including premium, policy and claims data.
This allows the Central Bank to publish annual reports containing analysis of the cost of claims, the cost of premiums, how claims are settled, how settlement costs vary depending on how claims are settled, and an analysis of the various types of cost that make up settlements.
The current classes of insurance that are in scope of the NCID are Private Motor Insurance and Employers' and Public Liability Insurance.
Explore the NCID
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