Minister for Diaspora Affairs, Jimmy Deenihan TD announced that Phenix Jewellery, an insurance claims validation and fulfilment provider, has chosen Galway as a base for the company’s European HQ.
Phenix is an Australian company that principally operates in the insurance industry providing, claims validation services, and replacement jewellery, timepieces and gemstones. Phenix is the only Tier 1 specialist Jewellery Design and Manufacturing Company in Australia, specifically established to service the needs of the insurance industry and their claimants.
“Our International Strategy has been 4 years in the making. We considered a number of countries, Canada being one, to base our International HQ from. Ireland, not only presented itself with a depth of workforce talent, gateway access to Europe, but importantly has an extremely high standard of jewellery being hallmarked & produced local,” said Leanne Kemp, Director of International and Strategy of Phenix.
“The Insurance Industry is undergoing a metamorphosis, with the scale of innovation taking place simply breathtaking. We actively sought about finding a country that had a thriving fintech scene. Ireland is experiencing an entrepreneurial renaissance in Insurance and we are poised to take advantage of all that the country and the timing of the market has to offer. The decision to locate in Galway was influenced principally by the availability of skilled labour, including multilingual skills, in the area as well as the quality graduate output from the local Universities and Institutes of Technology.”
Phenix will carry out its international validation and claims fulfilment operations where it will also provide other supply chain activities and other back office functions such as finance and admin. The Irish operation will serve as the company’s European HQ and the international growth will be driven from here.
The decision to locate in Galway was influenced principally by the availability of skilled labour, including multilingual skills, in the area as well as the quality graduate output from the local Universities and Institutes of Technology.” said Leanne Kemp, Director of International and Strategy of Phenix
Martin Shanahan, CEO IDA Ireland said: “Galway has been a hub for IDA businesses for years with a succession of companies choosing the city as their preferred destination to locate their international operations. Being a University City, Galway can provide a pool of highly-skilled talent from which Phenix can attract their staff. The quality of the lifestyle in Galway is another advantage that comes up regularly when we talk to IDA clients locating in the region.”