Written answers

Tuesday, 28 March 2017

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

132. To ask the Minister for Finance the cost of insurance under different insurance headings such as public liability, buildings cover, employer liability and so on for his Department and each body under its aegis; the name of the insurance provider for each year since 2010, in tabular form; the number of current outstanding insurance claims against his Department or the body under its aegis; the estimated cost of those claims if available; and if he will make a statement on the matter. [15180/17]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

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.

BodyInsurance coverInsurance providerOutstanding claims & Estimated cost
Strategic Banking

Corporation of Ireland
2010-2015

2016:

Professional Liability €78,750



Public Liability & Employer's Liability €12,968
Nil



AIG



Aviva & Chubb Insurance





Nil
Irish Fiscal Advisory Council



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
ESRI



ESRI





ESRI

RSA



RSA



RSA

















Nil
Office of the Revenue CommissionersRevenue 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




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.






















Nil
Tax Appeals CommissionThe Tax Appeals Commission is a State authority covered under State indemnity managed by the SCA.N/A
Central Bank2010/11

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

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



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
Investor Compensation Company LtdICCL 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.
N/A
Credit Union Advisory CommitteeCUAC is covered under the State Claims Agency therefore no direct insurance costs are incurred.

N/A
Credit Union Restructuring Board REBO is covered under the State Claims Agency therefore no direct insurance costs are incurred.

N/A
Credit ReviewerThe Credit Reviewer is covered under Enterprise Ireland. Enterprise Ireland provides full business services to the CRO, therefore no direct insurance costs are incurred.N/A
Comptroller and Auditor GeneralC&AG is a State authority covered under State indemnity managed by the SCA.N/A
National Asset Management AgencyNAMA 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






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





















Nil
National Treasury Management AgencyNTMA (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












Aviva

Northern Marine Underwriters














Nil
Social Finance Foundation2010:

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


JLT Ireland







JLT Ireland







JLT Ireland







JLT Ireland







JLT Ireland







JLT Ireland





JLT Ireland
















Nil


















Financial Services Ombudsman Bureau





Financial Services Ombudsman Council











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


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






















Nil

Comments

No comments

Log in or join to post a public comment.