I wish to advise the Deputy that my Department operates under State Indemnity, a self-insurance model whereby the State bears the financial risk associated with the cost of claims. The National Treasury Management Agency (NTMA) 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. It currently manages claims and risks on behalf of 139 delegated State Authorities.
I also wish to advise the Deputy that of the 18 bodies under the aegis of my Department, 15 have provided the information sought and this is set out in the following table. It was not possible for the Disabled Drivers Medical Board of Appeal, Irish Financial Services Appeal Tribunal and the Irish Bank Resolution Corporation to provide the information sought in the time available and therefore I will make arrangements to provide the outstanding information in line with Standing Orders.
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Body
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Insurance cover
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Insurance provider
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Outstanding claims & Estimated cost
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Strategic Banking
Corporation of Ireland
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2010-2015
2016:
Professional Liability €78,750
Public Liability & Employer's Liability €12,968
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Nil
AIG
Aviva & Chubb Insurance
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Nil
|
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Irish Fiscal Advisory Council
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Established in 2011: €875 all-in insurance
2012: €1,1750 all-in insurance from the ESRI
2013: €1,1750 all-in insurance from the ESRI
IFAC was delegated to the SCA in April 2014 for the purposes of all-in insurance, save for Travel Insurance as set out below.
2014: €819.55 travel insurance
2015: €860.52 travel insurance
2016: €900.51 travel insurance
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ESRI
ESRI
ESRI
RSA
RSA
RSA
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Nil
|
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Office of the Revenue Commissioners
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Revenue is a State authority covered under State indemnity managed by the SCA, save for the provisions below.
2010:
Hull & Machinery €23,057
Protection & Indemnity €11,982
2011:
Hull & Machinery €23,450
Protection & Indemnity €12,180
2012:
Hull & Machinery €24,625
Protection & Indemnity €14,616
2013:
Hull & Machinery €24,625
Protection & Indemnity €15,492
2014:
Hull & Machinery €21,000
Protection & Indemnity €11,000
Hull & Machinery on Seized Vessels €6,000
2015:
Hull & Machinery €21,000
Protection & Indemnity €8,500
Hull & Machinery on Seized Vessels €11,000
2016:
Hull & Machinery €20,200
Protection & Indemnity €3,600
Hull & Machinery on Seized Vessels €12,000
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British Marine
British Marine
British Marine
British Marine
Allianz
Lodestar Insurance
Arthur J. Gallagher Int.
Allianz
Lodestar Insurance
Arthur J. Gallagher Int.
Allianz
British Marine
Arthur J. Gallagher Int.
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Nil
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Tax Appeals Commission
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The Tax Appeals Commission is a State authority covered under State indemnity managed by the SCA.
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N/A
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|
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Central Bank
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2010/11
Combined Liability €82,140
Commercial Combined €53,906
Excess E/ers Liability €2,575
Computer €4,949
Engineering €10,593
Motor Fleet €5,388
Travel Insurance €5,665
Cargo €550
Money €5,150
2011/12
Combined Liability €108,799
Commercial Combined €55,327
Excess E/ers Liability €4,017
Computer €5,643
Engineering €10,593
Motor Fleet €4,977
Travel Insurance €5,304
Cargo €2,200
Money €10,000
2012/13
Combined Liability €53,585
Commercial Combined €58,000
Excess E/ers Liability €6,150
Computer €4,933
Engineering €9,262
Motor Fleet €4,300
Travel Insurance €4,677
Cargo €1,750
Money €10,000
2013/14
Combined Liability €58,000
Commercial Combined €65,600
Excess E/ers Liability €6,150
Computer €4,193
Engineering €10,887
Motor Fleet €4,300
Travel Insurance €5,395
Cargo €2,900
Money €10,000
2014/15
Combined Liability €55,356
Commercial Combined €64,657
Excess E/ers Liability €6,150
Computer €2,870
Engineering €11,956
Motor Fleet €12,688
Travel Insurance €5,381
Cargo €2,900
Money €9,250
2015/16
Combined Liability €59,683
Commercial Combined €55,681
Excess E/ers Liability €6,150
Computer €2,726
Engineering Inspection €14,638
Motor Fleet €11,738
Travel Insurance €5,650
Cargo €2,750
Money €10,800
2016/17
Combined Liability €90,000
Commercial Combined €72,783
Excess E/ers Liability €6,150
Computer €2,590
Engineering €2,804
Engineering Inspection €15,000
Motor Fleet €13,635
Travel Insurance €6,295
Cargo €2,300
Money €7,869.32
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2010/11
Liberty Insurance
AIG Europe
ACE European Group
RSA Insurance Ire Ltd
RSA Insurance Ire Ltd
Zurich Insurance Plc
AIG Europe
Northern Marine Underwriters Ltd
Lloyd's UK Market
2011/12
Liberty Insurance
AIG Europe
ACE European Group
RSA Insurance Ire Ltd
RSA Insurance Ire Ltd
Zurich Insurance Plc
AIG Europe
Northern Marine Underwriters Ltd
Lloyd's UK Market
2012/13
Liberty Insurance
AIG Europe
ACE European Group
RSA Insurance Ire Ltd
RSA Insurance Ire Ltd
Zurich Insurance Plc
AIG Europe
Northern Marine Underwriters Ltd
Lloyd's UK Market
2013/14
Travelers
AIG Europe
ACE European Group
RSA Insurance Ire Ltd
RSA Insurance Ltd
Zurich Insurance Plc
AIG Europe
Northern Marine Underwriters Ltd
Lloyd's UK Market
2014/15
Liberty Insurance
AIG Europe
ACE European Group
RSA Insurance Ire Ltd
RSA Insurance Ire Ltd
Zurich Insurance Plc
AIG Europe
Northern Marine Underwriters Ltd
Lloyd's UK Market
2015/16
Liberty Insurance
AIG Europe
ACE European Group
RSA Insurance Ire Ltd
RSA Insurance Ire Ltd
Zurich Insurance Plc
AIG Europe
Northern Marine Underwriters Ltd
Lloyd's UK Market
2016//17
Travelers Insurance
AIG Europe
ACE European Group
RSA Insurance Ire Ltd
RSA Insurance Ire Ltd
Vertigo Inspection Ltd
Zurich Insurance Plc
AIG Europe
Northern Marine Underwriters Ltd
Lloyd's UK Market
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Nil
Nil
Nil
2014: 2 claims
€48,057.85
(Paid €47,557.85/
Reserve €500)
Reserve €78,000
2015: 3 claims
€435,330 (Reserve €330/€400,000/€35,000)
2016: 1 claim
Reserve €701
Nil
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Investor Compensation Company Ltd
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ICCL are covered under Central Bank of Ireland insurance policies for the risks specified.
ICCL has arranged specie insurance to cover the cost of statutory compensation claims in circumstances where the annual cost of claims to the ICCL would exceed €15m.
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N/A
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Credit Union Advisory Committee
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CUAC is covered under the State Claims Agency therefore no direct insurance costs are incurred.
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N/A
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Credit Union Restructuring Board
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REBO is covered under the State Claims Agency therefore no direct insurance costs are incurred.
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N/A
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Credit Reviewer
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The Credit Reviewer is covered under Enterprise Ireland. Enterprise Ireland provides full business services to the CRO, therefore no direct insurance costs are incurred.
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N/A
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Comptroller and Auditor General
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C&AG is a State authority covered under State indemnity managed by the SCA.
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N/A
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National Asset Management Agency
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NAMA is a State authority covered under State indemnity managed by the SCA, save for the provisions below covering property managed by the Agency.
2011:
Buildings €3,600
Buildings €4,579
Public Liability €6,356
2012:
Buildings €4,813
Public Liability €6,563
Buildings €4,160
Public Liability €788
2013:
Buildings €9,639
Public Liability €6,563
Buildings €4,005
Public Liability €261
2014:
Buildings €26,570
Buildings €10,253
Public Liability €79
2015: Buildings €71,030
2016: Buildings €115,229
2017: Buildings €6,300
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Contess
IPB Mutual
IPB Mutual
IPB Mutual
IPB Mutual
AIG Europe
AIG Europe
IPB Mutual
IPB Mutual
AIG Europe
AIG Europe
IPB Mutual
AIG Europe
AIG Europe
IPB Mutual
IPB Mutual
IPB Mutual
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Nil
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National Treasury Management Agency
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NTMA (including NAMA) is a State authority covered under State indemnity managed by the SCA, save for the provisions below.
Contents and computers cover:
2010 €6,585
2011 - €6,578
2012 - €6,489
2013 - €7,332
2014 - €8,945
2015 - €9,595
2016 - €10,095
2017 - €10,128
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Aviva
Northern Marine Underwriters
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Nil
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Social Finance Foundation
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2010:
Public Liability €2,641.95
Buildings €473.44
2011:
Public Liability €2,111.50
Buildings €473.44
2012:
Public Liability €2,152.50
Buildings €482.63
2013:
Public Liability €2,152.50
Buildings €505.97
2014:
Public Liability €2,152.50
Buildings €531.97
2015:
Public Liability €2,152.50
Buildings €566
2016:
Public Liability €2,158.80
Buildings €649.13
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JLT Ireland
JLT Ireland
JLT Ireland
JLT Ireland
JLT Ireland
JLT Ireland
JLT Ireland
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Nil
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Financial Services Ombudsman Bureau
Financial Services Ombudsman Council
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2010/2011
Management Liability €17,200
Crime €2,800
Employment Practices Liability €3,000
Data Guard €2,400
PA/Travel €1,000
Office combined €3,579.95
Motor Contingency €960
2011/2012:
Management Liability €17,200
Crime €2,800
Employment Practices Liability €3,000
Data Guard €2,400
PA/Travel €1,000
Office combined €3,331.77
Motor Contingency €900
2012/2013
Management Liability €17,200
Crime €2,800
Employment Practices Liability €3,000
Data Guard €2,100
PA/Travel €1,000
Office combined €3,276.72
Motor Contingency €900
Computer €250
2013/2014
Management Liability €17,200
Crime €2,800
Employment Practices Liability €3,000
Data Guard €2,050
PA/Travel €1,000
Office combined €3,276.72
Motor Contingency €900
Computer €250
2014/2015
Management Liability €17,200
Crime €2,800
Employment Practices Liability €3,000
Data Guard €2,050
PA/Travel €1,000
Office combined €3,441.22
Motor Contingency €900
Computer €250
2015/2016
Management Liability €17,200
Crime €2,800
Employment Practices Liability €3,000
Data Guard €2,050
PA/Travel €950
Office combined €3,673.22
Motor Contingency €900
Computer €250
2016/2017:
Management Liability €17,200
Crime €2,800
Employment Practices Liability €3,000
Data Guard €2,050
PA/Travel €902.50
Office combined €2,700
Motor Contingency €963
Computer €250
Excess Employers Liability €940
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Chartis Ireland
ACE Group
Chartis Ireland
ACE Group
Chartis Ireland
RSA Group
RSA Group
Chartis Ireland
ACE Group
Chartis Ireland
ACE Group
Chartis Ireland
RSA Group
RSA Group
Chartis Ireland
ACE Group
Chartis Ireland
ACE Group
Chartis Ireland
RSA Group
RSA Group
RSA Group
AIG Europe Ltd
ACE Group
AIG Europe Ltd
ACE Group
AIG Europe Ltd
RSA Group
RSA Group
RSA Group
AIG Europe Ltd
ACE Group
AIG Europe Ltd
ACE Group
AIG Europe Ltd
RSA Group
RSA Group
RSA Group
AIG Europe Ltd
ACE Group
AIG Europe Ltd
ACE Group
AIG Europe Ltd
RSA Group
RSA Group
RSA Group
AIG Europe Ltd.
ACE/Chubb
AIG Europe Ltd.
ACE/Chubb
AIG Europe Ltd.
Hiscox Insurance Co.
RSA Group
RSA Group
ACE/Chubb
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Nil
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