asked the Minister for Industry and Commerce if he will give particulars of employers' liability insurance for each of the latest five years for which particulars are available (and the average for that period) under the following heads: (1) number of Irish companies and premium income, (2) number of non-Irish companies and premium income and (3) total number of companies and premium income (expressing the premium income at (1) and (2) as a percentage of (3) ).
Written Answers. - Employers' Liability Insurance.
51.
The details requested by the Deputy are as follows:—
EMPLOYERS' LIABILITY INSURANCE (BUSINESS IN IRELAND).
NUMBER OF COMPANIES AND PREMIUM INCOME.
|
1955 |
1956 |
1957 |
1958 |
1959 |
Average for years 1955-59 |
|
|
(1) Irish Companies: |
||||||
|
(a) Number |
6 |
6 |
6 |
6 |
6 |
— |
|
(b) Premium Income |
£483,884 |
£601,526 |
£568,931 |
£570,916 |
£548,538 |
£554,759 |
|
(2) Non-Irish Companies: |
||||||
|
(a) Number |
28 |
28 |
28 |
28 |
25 |
— |
|
(b) Premium Income |
£1,286,933 |
£1,542,132 |
£1,421,194 |
£1,437,068 |
£1,331,513 |
£1,403,768 |
|
(3) Total Irish and non-Irish Companies (1) and (2): |
||||||
|
(a) Number |
34 |
34 |
34 |
34 |
31 |
— |
|
(b) Premium Income |
£1,770,817 |
£2,143,658 |
£1,990,125 |
£2,007,984 |
£1,880,051 |
£1,958,527 |
|
(4) Premium Income (1) (b) as % of Premium Income (3) (b) |
27.3% |
28.1% |
28.6% |
28.4% |
29.2% |
28.3% |
|
(5) Premium Income (2) (b) as % of Premium Income (3) (b) |
72.7% |
71.9% |
71.4% |
71.6% |
70.8% |
71.7% |
The figures for year 1959 are provisional.
The decline in the number of companies in 1959 results from amalgamations of non-Irish companies.
52.
asked the Minister for Industry and Commerce (1) if he will give details in respect of Irish companies of premium income and expenses of employers' liability insurance (average for the latest period of five years) under the following heads: (a) premium income, (b) claims paid (excluding medical and legal expenses), (c) profits, (d) other administrative expenses (including legal and medical expenses), (e) total expenses, and (f) transfers to reserves; (2) if he will express all outgoings as shillings and pence per pound of income; and (3) if he will give similar figures for non-Irish companies.
The particulars requested by the Deputy, in so far as they are available, are as follows:—
EMPLOYERS' Liability Insurance (Business in Ireland) Average for years 1955-'59.
|
(1)Irish Companies |
3)Non-Irish Companies |
||
|
£ |
£ |
||
|
(a) |
Premium Income |
554,759 |
1,403,768 |
|
(b) |
Claims |
336,756 |
788,128 |
|
(c) |
Underwriting Profit(a) – ((e)) + (f)) |
39,581 |
101,535 |
|
(d) |
Expenses and Commission |
163,504 |
501,501 |
|
(e) |
Total outgoings (b) + (d) transfers to:— |
500,260 |
1,289,630 |
|
(f) |
Unexpired Risks Reserve |
9,361 |
12,664 |
|
Additional Reserve |
5,557 |
—61 |
|
|
(2) |
(e) expressed per £ of (a) |
18/- |
18/4d. |
The figures for year 1959, which were used in arriving at the average figures, are provisional.
The figure for Claims (b) includes medical and legal expenses, separate figures for the latter not being available. It also includes the increase in the estimated liability for outstanding claims.