Defence: Export Credit Guarantees
(asked on 3rd May 2016) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Innovation and Skills, what the (a) premium income, (b) claims paid and (c) monies at risk of UK Export Finance were relating to the defence sector in each financial year from 2010-11 to 2014-15.
The Information requested is in the table below:
Year | Net Premium Income[1] | Gross Amounts At Risk[2] | Claims Paid |
2010/11 | £ 2,597,418 | £ 1,156,123,326 | £ 0 |
2011/12 | £ 11,832 | £ 1,743,249,113 | £ 0 |
2012/13 | £ 42,664,931 | £ 3,364,357,183 | £ 0 |
2013/14 | £ 27,162 | £ 3,063,150,515 | £ 0 |
2014/15 | £ 3,472,656 | £ 2,899,169,497 | £ 0 |
It should be noted that premium income relates to business supported in that financial year, whereas amounts at risk will relate to all business in respect of which contingent liability still remains.
[1] Net of Premium due where reinsurance (if any) has been obtained.
[2] Inclusive of amounts reinsured (if any)