asked the Minister for Industry and Commerce if he will give the following details of accident insurance business in the State in 1957 in respect of (1) Irish companies and (2) non-Irish companies (accident offices only): (a) the total premium income, (b) the premium income for employers' liability insurance, (c) the profit (or loss) on all accident business, (d) the profit or loss on employers' liability business and (e) the total reserves under (a) and (b); and, if information is available, the amount of reserves invested in the State.
Written Answers. - Accident Insurance Statistics.
57.
The particulars requested by the Deputy are set out in the following table.
While I am anxious to facilitate Deputies as far as possible in relation to Questions of the kind, Deputies may not be aware that a very considerable amount of statistical information in regard to insurance business is contained in the Annual Report on Assurance Companies published by my Department. I shall be pleased to make a copy of this Report available to any Deputy who may require it.
ACCIDENT INSURANCE AND EMPLOYERS' LIABILITY INSURANCE
(Business in Ireland)
Year 1957
|
(1) |
(2) |
|
|
Irish Companies |
Non-Irish Companies |
|
|
£ |
£ |
|
|
(a) Premium Income (Accident business) |
23,730 |
158,318 |
|
(b) Premium Income (Employers' Liability business) |
568,931 |
1,251,571 |
|
(c) Profit (+), or Loss (-) (Accident business) |
+4,129 |
-26,934 |
|
(d) Profit (+), or Loss (-) (Employers' Liability business) |
+97,140 |
-142,924 |
|
(e) Unexpired Risks Reserve at 31/12/57: Accident business |
9,492 |
63,327 |
|
Employers' Liability business |
226,412 |
507,224 |
The particulars of Accident business relate to Accident business as defined in the Insurance Act, 1936—i.e., insurance against personal accident or sickness, whether fatal or not.
Information is not available in regard to the amount of the reserves invested in the State.