Live Events Reinsurance Scheme: Statistics (May 2022)
Updated 1 October 2022
© Crown copyright 2022
This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: psi@nationalarchives.gov.uk.
Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned.
This publication is available at https://www.gov.uk/government/publications/live-events-reinsurance-scheme/live-events-reinsurance-scheme-statistics-may-2022
The delivery partner for the Live Events Reinsurance Scheme provides DCMS with a monthly data pack reporting against a number of metrics on Scheme delivery including policies bound, sums insured, premiums and claims. A selection of these are shared and defined below. All data is cumulative and as the Scheme is live, policies are being written on an ongoing basis. The data reported here was reported to DCMS as of 16 May 2022.
Cover written under the Scheme to date: £117m.
This is the total sum insured for policies written under the Scheme since its launch in September 2021. This includes those insured events which have already taken place, and those insured events which are still yet to take place.
Total investment associated with events covered under the Scheme to date: over £400m.
Information on event budgets are provided by each purchaser of insurance at the point of purchase. These are self-reported by the purchaser and DCMS has not taken any steps to verify these numbers. These self-reported data points are added together to calculate total investment associated with events covered under the Scheme since its launch in September 2021. This includes those insured events which have already taken place, and those insured events which are still yet to take place.
Table 1: Sum of Event Budgets covered under the Scheme by UK ITL1 region
| UK region | Sum of event budget |
|---|---|
| Greater London | £378,431,078.48 |
| West Midlands | £13,734,549.82 |
| North West | £3,637,636.24 |
| South East | £1,756,907.00 |
| Scotland | £1,301,956.47 |
| Wales | £1,103,400.24 |
| East Midlands | £833,020.24 |
| South West | £464,237.00 |
| North East | £250,644.00 |
| East England | £52,924.00 |
| Northern Ireland | £13,148.00 |
| Yorkshire and the Humber | £12,500.00 |
| Grand Total | £401,592,001.49 |
Table 2: Sum of total events covered under the Scheme by UK ITL1 region
| UK region | Sum of count of events | |
|---|---|---|
| London | 69 | 41% |
| West Midlands | 20 | 12% |
| Scotland | 16 | 10% |
| South East | 15 | 9% |
| North West | 14 | 8% |
| Wales | 12 | 7% |
| South West | 7 | 4% |
| East Midlands | 6 | 4% |
| North East | 4 | 2% |
| East England | 3 | 2% |
| Northern Ireland | 1 | 1% |
| Yorkshire and the Humber | 1 | 1% |
| Grand Total | 168 | 100% |
Anticipated total audience of events covered by the Scheme to date: 2.8 million people.
Information on anticipated audience numbers is provided by each purchaser of insurance at the point of purchase. It is self-reported by the purchaser and DCMS has not taken any steps to verify these numbers. These self-reported data points are added together to calculate anticipated total audience of events covered by the Scheme since its launch in September 2021. This includes those insured events which have already taken place, and those insured events which are still yet to take place.
Jobs supported by the Scheme to date: 14,376.
Information on jobs supported by the Scheme is provided by each purchaser of insurance at the point of purchase. It is self-reported by the purchaser and DCMS has not taken any steps to verify these numbers or to assess the extent to which there is any double-counting, for example of contractors supplying to multiple events covered by the Scheme. The nature of these jobs are not known. These self-reported data points are added together to calculate total jobs supported by the Scheme since its launch in September 2021, this does not include data from October/ November. This includes those insured events which have already taken place, and those insured events which are still yet to take place.