Bupa exits Ireland with €90m build-up in reserves

Health-insurer Bupa has accumulated reserves of €90 million from its Irish operation, but these will be depleted as it pays out on policies in the coming years.

16th December, 2006

Health-insurer Bupa has accumulated reserves of €90 million from its Irish operation, but these will be depleted as it pays out on policies in the coming years.

The insurer announced last week that it was closing its Irish business as a result of the government’s decision to introduce a risk-equalisation scheme under which Bupa would have to compensate the VHI for its older and more expensive customer base.

The High Court recently upheld...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago