Oral Answers to Questions — Workmen's Compensation.

– in the House of Commons on 21st July 1942.

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Photo of Mr George Daggar Mr George Daggar , Abertillery

asked the Secretary of State for the Home Department whether he will state the premiums and compensation paid; the cost of commission and management expenses; the percentage

From the returns furnished to the Board of Trade by the insurance companies in connection with employers' liability insurance in Great. Britain and Northern Ireland the following figures are available:

Year.Premium income (after necessary adjustments).Amount expended in compensation or damages*.Commission and Management Expenses.Profit†.
££££
1920Information not available.
19218,061,2762,971,2752,785,6482,304,353
19226,490,4782,974,6022,186,1231,329,753
19235,422,9152,911,9461,964,232546,737
19245,373,4543,019,8541,867,004486,596
19255,663,8953,078,8131,893,080692,002
19265,638,3213,248,0321,886,213504,076
19275,907,5763,319,0461,924,846663,684
19285,622,2423,184,3531,851,705586,184
19295,595,2293,234,5331,840,872519,824
19305,555,2403,216,3351,860,644478,261
19315,304,4112,973,7041,747,928582,779
19324,853,0662,794,0461,654,991404,029
19334,650,2992,867,4071,635,515147,377
19344,807,6453,065,3481,695,66146,636
19355,305,8433,413,5811,758,342133,920
19365,508,7533,506,9361,835,070166,747
19375,964,9533,869,2201,966,118129,615
19386,384,7063,875,0072,065,822443,877
1939Information not available.
1940
* The figures include not only workmen's compensation payments and reserves for outstanding claims but also damages under the Fatal Accidents Act, 1846, the Employers' Liability Act, 1880, and common law and legal and medical expenses in connection therewith.
† The amounts shown for profit do not include interest or dividends on reserves, for which complete figures are not available.

Since 1923, in the case of insurance companies belonging to the Accident Offices Association (which includes most of the accident insurance companies) the proportion of income allocated to payments of compensation has been subject to the operation of an agreement concluded with the Home Office, under which where that proportion falls below a specified percentage rebates are payable. Details of the arrangement and the rebate payable are set out in the white paper headed "Employers' Liability (Limitation of Charges)" which is presented to Parliament each year. The paper in respect of the year 1940 is Cmd. 6297.

of the latter to the premiums, and compensation paid; and the profits in connection with workmen's compensation insurance companies for each of the years 1920 to 1940, together with similar particulars of mutual indemnity associations?

Photo of Mr Osbert Peake Mr Osbert Peake , Leeds North

I will circulate in the OFFICIAL REPORT the figures so far as available for insurance companies. The figures are derived from returns furnished to the Board of Trade under the Assurance Companies Act, 1909. Mutual indemnity associations are not required to make returns under the Act, and no such particulars are available.

Following are the figures: