HIA inspection found that some private health insurers were not fully compliant with Health Insurance Act during 2020

It was carried out in 2021 for the period 2020. The HIA inspected registered health insurance companies in Ireland and their compliance with the obligations under the Risk Equalisation Fund, which has an annual value in excess of €800m.

Overall, however the HIA’s findings showed that the three health insurance companies who were inspected (VHI Insurance DAC’s, Elips Versicherungen AG and Irish Life Health DAC’s) were largely compliant with the Health Insurance Act. They have the appropriate policies, procedures and controls in place in respect to claims made to the Risk Equalisation Fund.