Vol. 436 No. 2
88 Mr. E. Walsh asked the Minister for Enterprise and Employment if, in view of the data set out in the latest edition of The Blue Book, or any other publication available to him, he will give the proportion, on average, of premium paid for insurance cover dealt with in The Blue Book which is applied to the administration costs of insurance companies; the proportion applied to meeting claims for compensation; and if he will make a statement on the matter.
89 Mr. E. Walsh asked the Minister for Enterprise and Employment if, in view of the data set out in the latest edition of The Blue Book or any other publication available to him, he will give the average cost of compensation claims for personal injury paid under compulsory road traffic insurance and the Motor Insurers Bureau of Ireland Scheme; and if he will make a statement on the matter.
90 Mr. E. Walsh asked the Minister for Enterprise and Employment if, in view of the data set out in the latest edition of The Blue Book or any other publication available to him, he will give the average cost of compensation claims for property damage paid under compulsory road traffic insurance; and if he will make a statement on the matter.
91 Mr. E. Walsh asked the Minister for Enterprise and Employment if, in view of the data set out in the latest edition of the The Blue Book or any other publication available to him, he will give the average cost of compensation claims paid under compulsory road traffic insurance; and if he will make a statement on the matter.
I propose to take Questions Nos. 88, 89, 90 and 91 together.
Authorised insurers are not required to furnish information in the form sought by the Deputy in their annual returns to my Department.
However, it can be discerned from The Blue Book, which is the Insurance Annual Report published by my Department, that management expenses account for approximately 16 per cent of the premium income for all types of nonlife insurance business underwritten by authorised insurers; the remainder of the premium income would go towards meeting the cost of claims. The average cost of motor insurance claims, which includes personal injury compensation and property damage, was £4,456 in 1992.
I can further advise the Deputy that of motor insurance claims cost as a whole, approximately 67 per cent and 12 per cent are attributable to personal injury compensation and property damage respectively. Questions about the Motor Insurers Bureau of Ireland Scheme are a matter for the Minister for the Environment.
