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Dáil Éireann debate -
Tuesday, 25 Jul 1961

Vol. 191 No. 10

Written Answers. - Employers Liability Insurance.

36.

asked the Minister for Industry and Commerce if he will give particulars of employers' liability insurance business in Ireland in 1959 in the form of a reply of 14th June, 1961.

The particulars requested by the Deputy are set out in the following table.

EMPLOYERS LIABILITY INSURANCE

(Business in Ireland)

1959

(a) Irish Companies

(b) Non-Irish Companies.

Amount

Expressed per £ of premium income

Amount

Expressed per £ of premium income

£

s.

d.

£

s.

d.

(1)Expenses of Management

128,491

4

8

386,542

5

10

(2)Commission

40,922

1

6

100,701

1

6

(3)Medical Legal Expenses (assumed at 5% of premium income)

27,410

1

0

66,576

1

0

(4) Administrative Expenses (1) (2) (3)

196,823

7

2

553,819

8

4

(5) Transfers to (+) or from (–)Unexpired Risks Reserve Additional Reserve

–21,317

–48,050)

+14,276

–(0

3)

–4)

–(0

9)

(6)Underwriting Profit

45,087

1

8

23,675

0

4

(7)Claims (including increase in estimated liability for outstanding claims)

313,333

11

5

802,073

12

1

(8)Premium income

548,202

1,331,513

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