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.
Written Answers. - Employers Liability Insurance.
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 |
— |