Vol. 419 No. 3
50 Mr. Durkan asked the Minister for Industry and Commerce if he will outline the total profits accruing to motor insurance companies in any of the past three years, arising from the investment by the insurers of motor insurance premiums, and if he will make a statement on the matter.
51 Mr. Durkan asked the Minister for Industry and Commerce if he will outline the manner in which motor insurance companies use or utilise motor insurance premiums; if such premiums are invested; if the profits from such investments are included in the evaluation of the viability of motor insurance or if these profits revert to insurance company shareholders by way of dividend, and if he will make a statement on the matter.
52 Mr. Durkan asked the Minister for Industry and Commerce if he will outline the amount and rate of interest earned by insurance companies on foot of motor insurance premiums invested by them for a full year, and if he will make a statement on the matter.
I propose to answer Questions Nos. 50, 51 and 52 together.
Authorised insurers are not required to furnish information in the form sought by the Deputy in their annual returns to my Department.
However, I would refer the Deputy to the Insurance Report (known as the Blue Book) published annually by my Department. This report contains data on the investment returns achieved by non-life insurers for their business as a whole, although not specifically for motor insurance.
