Suncorp partners with nib to offer health insurance

Company News

by David Chau

Two of Australia’s leading insurance companies, Suncorp (ASX:SUN) and nib (ASX:NHF) have expanded their partnership to launch a new range of private health insurance products in Australia.

This new deal will enable customers to access health insurance under Suncorp Insurance from December, and AAMI Insurance (which is a Suncorp brand) from early 2017.

This marks Suncorp’s entry into the private health insurance market. These new products will be available from various Suncorp distribution channels, while nib will act as the underwriter, handle claims and provide admin support.

Suncorp posted a net profit of $1.05 billion at 30 June 2016.

David Chau

Finance News Network
David joined FNN in April 2016. In addition to presenting the Market Outlook and latest business news stories, David interviews senior economists and CEOs of ASX-listed companies. Prior to working for FNN, David was a litigation lawyer.