Moneysave wins Best Health Insurance Broker for the second year in a row and continues the acquisition trail as turnover jumps record levels.
Moneysave Limited has been awarded best health insurance broker at the Irish Life Awards. This is the second year that the Awards have been running and the second year Moneysave has won the top prize. Moneysave was founded by Managing Director James Durkan in 2010 in the height of the recession and has grown the business from humble beginnings to record turnover.
While others in the insurance industry focused on other insurance products, Mr Durkan decided to go after the large untapped health insurance market. Nearly 50 per cent of the population has health insurance and for most people it is a very complicated product to understand.
This is where Moneysave has taken advantage of this need and grown substantially in the last number of years. Moneysave covers every corner of the 26 counties.
For the past three years the business has grown by 25% year on year. Mr Durkan says “with significant consolidation in the broker market, Moneysave has taken advantage of this and in the past year has also acquired a number of health insurance books, including Geraghty Insurances, Brady Insurance and a large deal with a Galway broker to be signed in March.
Further acquisitions are in the pipeline for 2023 and with nearly one million people renewing their health insurance this time of the year, Moneysave is well placed to continue growing their health insurance book.