Statement by Private Hospitals Association
The Private Hospitals Association welcomes today’s announcement of AXA’s entrance to the Irish health insurance market following its acquisition of health insurer, Laya.
CEO Jim Daly said “With over 50% of Irish people now owning some form of health insurance, it is important to have a strong and vibrant health insurance market to deliver value and maintain competition. The entry of a large and established insurer such as AXA into the private health sector is a very positive development in this regard and will I believe bode very well for private patients over the longer term.”
“Axa has a proven international track record in other areas of the insurance market such as home, commercial and motor vehicle and is noted for the innovation it brings right across all its service offerings. I hope that commitment to innovation can also be brought to bear in the private health insurance market and particuarly in the digitalisation of the healthcare journey and the provision of health-related services.
Modern medicine and healthcare is experiencing extrordinary levels of breakthroughs and improvement almost on a weekly basis and insurers must keep pace with this evolutionary change. I consider AXA’s entry to the Irish market as a positive disruptive development in the quest for even better health service provision but at a more competitive cost for subscribers.”