‘The market has never been in a better position’—health insurance expert Dermot Goode

VHI’s surprise customer rebates and price cuts, and how rivals might respond

Listen | 33:49
VHI rebate: the health insurer has announced an average 3 per cent refund for customers after the continued reduction in claims because of the Covid crisis. Photograph: Hugh Macknight/PA Wire
VHI rebate: the health insurer has announced an average 3 per cent refund for customers after the continued reduction in claims because of the Covid crisis. Photograph: Hugh Macknight/PA Wire

On Monday, VHI took the insurance market by surprise by announcing rebates to customers and a price cut to premiums that will take effect in May. So what has brought about these changes and what will rival companies do? On today’s episode of the Irish Times Inside Business podcast, the health-insurance expert Dermot Goode of totalhealthcover.ie joins Ciarán Hancock to discuss this latest development in the market.