Backing for sale of major insurer Laya Healthcare

The sale of Laya Healthcare — Ireland’s second largest health insurance provider, to AIG is good news for the consumer, says health insurance expert Dermot Goode.

However, Mr Goode, health analyst with totalhealthcover.ie, said he could not foresee health insurance reductions in the short term.

“What we will see is less upward pressure on rates because, obviously, Laya will have a much bigger parent working with them.”