Non-life insurer numbers and premiums
The Minister said 41 non-life insurers were authorised, four were newly authorised in 1984, and none in 1982 or 1983. Premium income was £379 million in 1982 and £420 million in 1983; three 1984 entrants were from the EC and one from outside it.
asked the Minister for Industry, Trade, Commerce and Tourism the number of insurance companies in the non-life sector operating in the country at present; the number of non-life insurers who commenced business here in 1982 and 1983; the number of undertakings that have sought authorisation to start business here in 1984; and the estimated total value of underwriting in the various years by these insurers.
Comment on this
There are 41 insurance companies authorised to transact non-life insurance business in this country at present of which one has not yet commenced business.
No new authorisations were granted in either 1982 or 1983. Four new non-life companies were authorised in 1984.
The total premium income, net of re-insurance ceded, for all non-life insurers in 1982 and 1983 was £379 million and £420 million respectively. Information for 1984 is not yet available.
Comment on this
With regard to the four companies that sought registration or licences, will the Minister of State indicate if they were United Kingdom incorporated companies or EC companies?
Comment on this
Three of the companies were EC companies and one was a non-EC company. If the Deputy wishes to get further details I will be happy to give him the information.
Comment on this
Will the Minister of State tell the House the figures for the total amount of underwriting under both heads?