NIB (ASX: NHF) — Company Overview, News & Financial Data
NIB Holdings provides health insurance solutions for over 1.5 million Australians, including plans for international students.
NIB
NIB is a health insurance and healthcare provider operating in Australia and New Zealand, delivering private health cover, travel insurance, life insurance, and National Disability Insurance Scheme (NDIS) plan management services. Headquartered in Newcastle, New South Wales, the group offers hospital, extras, and medical cover to Australian residents, international students, and overseas workers. The business also provides digital health services, telehealth options, and health management programs designed to support member wellbeing and reduce out-of-pocket medical costs through a broad network of preferred healthcare providers.
Snapshot
Operations
Products and/or services of NIB
- Australian Resident Health Insurance: Provision of hospital and extras cover for Australian residents, offering coverage for private hospital stays, dental, optical, physiotherapy, and emergency ambulance services across nationwide preferred provider healthcare networks.
- New Zealand Resident Health Insurance: Delivery of comprehensive private health and medical insurance products for individuals and families in New Zealand, funding surgical treatments, non-surgical hospital stays, and specialist medical consultations.
- International Workers and Students Cover: Provision of specialized health cover for overseas visitors, international students, and temporary workers in Australia, fulfilling mandatory visa healthcare requirements and covering general medical, hospital, and emergency medical treatments.
- NDIS Plan Management Services: Provision of plan management, financial administration, and participant support services for individuals enrolled in the Australian National Disability Insurance Scheme through dedicated digital platforms and service networks.
- Travel Insurance: Underwriting and distribution of domestic, international, and multi-trip travel insurance policies, offering financial coverage for emergency medical treatments, trip cancellations, lost baggage, and 24-hour emergency travel assistance.
- Life and Income Protection Insurance: Distribution of life insurance, total and permanent disability cover, trauma insurance, and income protection policies, providing lump-sum or ongoing financial payouts to policyholders and beneficiaries during critical illness or injury.
NIB executive team
- Mr. Edward CloseMD, CEO & Executive Director
- Mr. Nick Freeman B.Com., C.A.Group Chief Financial Officer
- Mr. James BarrChief Executive of Australian Private Health Insurance
- Mr. Glenn MooreActing Group Chief Technology & Transformation Officer
- Dan AndersonHead of Investor Relations
- Mr. Jordan French B.Sc., L.L.B.Acting General Counsel & Company Secretary
- Ms. Lauren DanielsGroup Chief People Officer
- Ms. Renea JaegerHead of Corporate Relations
- Ms. Jessica MorrellActing Group Chief Risk Officer
- Ms. Skye DanielsChief Executive Officer ? nib New Zealand