Skip to main content
Normal View

Insurance Data

Dáil Éireann Debate, Thursday - 1 June 2017

Thursday, 1 June 2017

Questions (148)

Pearse Doherty

Question:

148. Deputy Pearse Doherty asked the Minister for Arts, Heritage, Regional, Rural and Gaeltacht Affairs the expenses incurred by her Department relating to insurance of all types in each of the past five years; the cost of each insurance policy held by her Department over the same time period per annum; if she will provide the same data for all bodies under the aegis of her Department; and if she will make a statement on the matter. [26280/17]

View answer

Written answers

As I recently informed the house in response to Parliamentary Question No 305 of 28 March, my Department and a number of the bodies under its aegis operate under State Indemnity, a self-insurance model whereby the State bears the financial risk associated with the cost of claims. This approach is set out in the Public Financial Procedures at C8 Section 11 whereby the general rule is that no insurance should be effected against the risk of any loss which, if it arose would fall wholly and directly on public funds. This is based on the understanding that the risks for which the Government is liable are innumerable and widely distributed and that losses maturing in any one year are never so large as to materially disturb the financial position of the year, so that it is cheaper in the long term for the Exchequer to “carry its own insurance”.

The National Treasury Management Agency is designated as the State Claims Agency (SCA) when performing the claims and risk management functions delegated to it under the National Treasury Management Agency (Amendment) Act 2000. Since the establishment of the SCA, the management of claims functions has been delegated to the Agency.

The table below provides a summary of insurance costs incurred during the period in question by bodies under the aegis of my Department.

Annual Insurance Costs 2012-2017

Body

2012

2013

2014

2015

2016

An Coimisinéir Teanga

1,250

1,250

912

1,234

1,357

National Gallery of Ireland

45,855

39,027

41,814

38,731

23,168

National Library of Ireland

23,456

41,227

-

-

-

National Museum of Ireland

10,231

9,946

9,750

9,658

9,750

Waterways Ireland

94,998

78,750

23,800

184

-

Arts Council

15,564

16,685

12,907

12,448

13,695

Chester Beatty Library

31,469

28,926

30,709

34,192

30,311

Crawford Art Gallery

46,525

42,186

45,067

42,118

42,279

Heritage Council

34,481

30,919

29,345

15,604

17,260

Irish Film Board

6,749

9,560

8,702

9,585

10,761

Irish Museum of Modern Art

9,520

9,385

9,574

9,688

11,097

National Concert Hall

44,639

56,364

56,613

53,950

51,123

Údarás na Gaeltachta

266,987

260,583

273,532

305,200

334,164

Western Development Commission

6,805

6,855

6,639

6,572

6,633

Foras na Gaeilge

36,751

33,167

13,491

26,390

44,475

The Ulster Scots Agency

6,552

4,243

5,184

5,477

8,799

Total

681,832

669,072

568,039

571,030

604,873

Top
Share