Written answers
Tuesday, 28 March 2017
Department of Finance
Insurance Costs
Michael McGrath (Cork South Central, Fianna Fail)
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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]
Michael Noonan (Limerick City, Fine Gael)
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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.
Body | Insurance cover | Insurance provider | Outstanding 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 Commissioners | 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 | 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 Commission | The Tax Appeals Commission is a State authority covered under State indemnity managed by the SCA. | N/A | |
Central Bank | 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 | 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 Ltd | 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. | N/A | |
Credit Union Advisory Committee | CUAC 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 Reviewer | The 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 General | C&AG is a State authority covered under State indemnity managed by the SCA. | N/A | |
National Asset Management Agency | 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 | 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 Agency | 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 | Aviva Northern Marine Underwriters | Nil |
Social Finance Foundation | 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 | 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 |
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