Insurance Data

Dáil Éireann Debate, Thursday - 13 July 2017

Thursday, 13 July 2017

Questions (124)

Michael McGrath

Question:

124. Deputy Michael McGrath asked the Minister for Finance the number of persons by month who have applied to the declined insurance agreement administered by a company (details supplied) for the past six years; the number of applications that were rejected in the same timeframe; the average premium per year for successful applicants to the declined insurance agreement, in tabular form; and if he will make a statement on the matter. [33759/17]

Written answers

Minister for Finance

At the outset, the Deputy should note that as Minister for Finance, I am not responsible for the operation of the Declined Cases Agreement and therefore I do not have direct access to the data that is being requested. 

However, in order to be as helpful as I can, my officials contacted Insurance Ireland about your information request.  In response they have provided me with statistics on the number of cases they have dealt with which are set out in the following table.

In relation to these cases Insurance Ireland have informed me that they secured a quotation for the applicants in question through the Agreement and that they therefore consider all of these applications to have been successful.  With regard to information on the average premium per successful application, I am informed that this is a matter for individual insurers and that this information is therefore not recorded by Insurance Ireland.

Year 2016	Total	Year 2015	Total	Year 2014	Total
January	128	January	91	January	39
February	121	February	102	February	42
March	139	March	122	March	53
April	129	April	107	April	64
May	158	May	103	May	93
June	206	June	117	June	56
July	181	July	94	July	49
August	172	August	65	August	55
September	181	September	75	September	69
October	193	October	91	October	58
November	161	November	127	November	48
December	172	December	70	December	43
	1941		1164		669

Year 2013	Total	Year 2012	Total	Year 2011	Total
January	21	January	12	January	9
February	23	February	10	February	8
March	27	March	12	March	23
April	17	April	10	April	14
May	14	May	21	May	14
June	31	June	16	June	9
July	21	July	21	July	12
August	33	August	14	August	16
September	36	September	17	September	20
October	31	October	14	October	21
November	29	November	18	November	13
December	25	December	13	December	10
	308		178		169

It should be noted that the Cost of Insurance Working Group examined the issue of the Declined Cases Agreement, on foot of receiving a number of submissions and queries from individuals about its operation.  In light of feedback from members of the public, the Working Group recommended that the Declined Cases Agreement process should be made more transparent. In this regard, Insurance Ireland have submitted the first of the required annual reports on the operation of the Agreement to my Department within the past couple of weeks and it is currently under consideration.