Dáil Éireann Debate, Thursday - 1 June 2017
63. Deputy Pearse Doherty asked the Minister for Finance the expenses incurred by his Department relating to insurance of all types of in each of the past five years; the cost of each insurance policy held by his Department over the same time period per annum; the equivalent data for all bodies under the aegis of his Department; and if he will make a statement on the matter. [26286/17]
Amharc ar fhreagraI 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, 5 are designated State Authorities covered under State Indemnity managed by the SCA. These are the Comptroller and Auditor General, the Credit Union Advisory Committee, the Credit Union Restructuring Board, The Disabled Drivers Medical Board of Appeal and the Tax Appeals Commission. The Credit Review Office (CRO) incurs no direct insurance costs as Enterprise Ireland provides full business services to the CRO. It was not possible for the NTMA and NAMA 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. The remaining 10 bodies have provided the information sought and this is set out in the following table:
|
Body |
Expenses Incurred in relation to insurance of all types in each of the past five years (2012-to date) |
Cost of each Insurance Policy for each of the past 5 years. (2012-to date per annum) |
|
Central Bank |
2011/2012 - €206,860 2012/2013 - €152,657.00 2013/2014 - €167,425.00 2014/2015 - €171,208.00 2015/2016 - €169,816.00 2016/2017 - €219,426.00 2017/2018 - €249,027.68 Short Period Policy – Period 14/04/2015 to 31/05/2017 Owner Controlled Insurance Programme (insured location North Wall Quay) €511,701.00 |
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 Short Period Policy – Period 14/04/2015 to 31/05/2017 Owner Controlled Insurance Programme (insured location North Wall Quay) €511,701.00 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 2017/2018 Combined Liability €90,000.00 Commercial Combined €89,736.00 Excess Employers Liability €6,150.00 Computer €11,964.68 Engineering €3,820.00 Engineering Inspection €18,450.00 Motor Fleet €16,000.00 Travel Insurance €6,295.00 Cargo €1,612.00 Money €5,000.00 |
|
Financial Services Ombudsman Bureau Financial Services Ombudsman Council |
2012/2013 €30,527 2013/2014 €30,477 2014/2015 €30,591 2015/2016 €30,823 2016/2017 €30,806 |
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 €950 Office Combined €3,441 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 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 €903 Office Combined €2,700 Motor Contingency €963 Computer €250 Excess Employers Liability €940 |
|
Investor Compensation Company |
2012/2013 €458,750 2013/2014 €458,750 2014/2015 €458,750 2015/2016 €762,765 2016/2017 €701,562 |
2012 – Specie Excess of Loss Investor Compensation Scheme Insurance for €60m-€458,750 2013 - Specie Excess of Loss Investor Compensation Scheme Insurance for €60m-€458,750 2014 - Specie Excess of Loss Investor Compensation Scheme Insurance for €60m-€458,750 2015 - Specie Excess of Loss Investor Compensation Scheme Insurance for €110m-€762,765 2016 - Specie Excess of Loss Investor Compensation Scheme Insurance for €110m -€701,562 |
|
Irish Bank Resolution Corporation |
Note: The information provided is for the period from 2013 to date. Information prior to the appointment of the Special Liquidator in 2013 is not readily available and the compilation of this information would incur a significant expense given that all legacy systems are no longer operational. 2013 €6,006,932.80 2014 €2,001,000.50 2015 €904,365 2016 €783,075 2017 to date €452,550 |
2013 Crime/Professional Indemnity €1,210,000 Directors & Officers €4,117,313.80 (includes run off cover once off premium of €2,196,751.30) Property €32,378 Employers/Public €64,739 Repossessed/Encumbered Property €500,354 Other €82,148 2014 Crime/Professional Indemnity €1,061,775 Directors & Officers €446,512.50 Property €12,638 Employers/Public €25,988 Repossessed/Encumbered Property €383,685 Other €70,402 2015 Crime/Professional Indemnity €546,000 Directors & Officers €252,000 Combined Property, Employers/Public, Repossessed/Encumbered Property €50,925 Other €55,440 2016 Crime/Professional Indemnity €453,200 Directors & Officers €223,510 Combined Property, Employers/Public, Repossessed/Encumbered Property €50,925 Other €55,440 2017 to date Crime/Professional Indemnity €225,750 Directors €226,800 |
|
Irish Financial Services Appeals Tribunal |
Prior to 2016, IFSAT was provided with accommodation by the Office of Public Works (OPW). As OPW is a State Authority covered under State indemnity by the State Claims Agency, no insurance costs were incurred for that period. IFSAT moved premises in December 2016 and obtained its own insurance cover. December 2016 – December 2017 €591.00 |
December 2016 – December 2017 Public Liability, Buildings, Employer Liability: €591.00 |
|
Irish Fiscal Advisory Council |
2012: €1,1750 2013: €1,1750 2014: €819.55 2015: €860.52 2016: €900.51 2017: €1,035.58 IFAC was delegated to the SCA in April 2014 for the purposes of all-in insurance, save for Travel Insurance. |
2012: All-in insurance (ESRI provided all-in insurance for IFAC as part of their administration charge): €1,1750 2013: All-in insurance (ESRI provided all-in insurance for IFAC as part of their administration charge): €1,1750 2014: Travel insurance: €819.55 2015: Travel insurance: €860.52 2016 : Travel insurance: €900.51 2017: Travel insurance: €1,035.58 |
|
Office of the Revenue Commissioners |
2012 €39,241 2013 €40,117 2014 €38,000 2015 €40,500 2016 €35,800 2017 to date €3,000 |
Revenue is a State authority covered under State indemnity managed by the SCA, save for the provisions below. 2012: Hull & Machinery (Revenue Cutters) €24,625 Protection & Indemnity (Revenue Cutters) €14,616 2013: Hull & Machinery (Revenue Cutters) €24,625 Protection & Indemnity (Revenue Cutters) €15,492 2014: Hull & Machinery (Revenue Cutters) €21,000 Protection & Indemnity (Revenue Cutters) €11,000 Hull & Machinery on Seized Vessels €6,000 2015: Hull & Machinery (Revenue Cutters) €21,000 Protection & Indemnity (Revenue Cutters) €8,500 Hull & Machinery on Seized Vessels €11,000 2016: Hull & Machinery (Revenue Cutters) €20,200 Protection & Indemnity (Revenue Cutters) €3,600 Hull & Machinery on Seized Vessels €12,000 |
|
Social Finance Foundation |
2012 €2635.13 2013 €2658.47 2014 €2684.47 2015 €2718.50 2016 €2807.93 2017 to date €2158.80 |
2012 Public Liability €2152.50 Buildings Cover €482.63 2013 Public Liability €2152.50 Buildings Cover €505.97 2014 Public Liability €2152.50 Buildings Cover €531.97 2015 Public Liability €2152.50 Buildings Cover €566.00 2016 Public Liability €2158.80 Buildings Cover €649.13 2017 Public Liability €2158.80 |
|
Strategic Banking Corporation of Ireland |
2016 €91,718 |
2016: Professional Liability €78,750 (AIG) Public Liability & Employer's Liability €12,968 (Aviva & Chubb Insurance) |
