The chief executive of the Personal Injuries Assessment Board has claimed that the cost of processing claims through it is currently up to 70% cheaper than going through the courts.
Patricia Byron said the body had delivered personal injury awards of over €100m so far, and now expected to award this figure annually from next year.
The board, set up to speed up the insurance claims process, has also announced a change in its policy on medical reports.
It had previously set an allowance of €150 per claim for medical reports, but from now on it will review each report on its merits to determine the figure. Ms Byron said the change was due to the range and varying complexity of reports it had received over the last three years.