Health insurer records €1.85m loss last year

The country’s second largest health insurer last year went into the red after a drop in revenues.

Accounts lodged by Laya Healthcare Ltd with the Companies Registration Office shows the firm — then known as Quinn Healthcare Ltd — recorded a pre-tax loss of €1.85m last year following a €1.9m pre-tax profit in 2010.

Revenues at the firm dropped 16% from €27.8m to €23.4m.