nib enters strategic alliance
Australian specialist health insurer, nib health funds limited has linked with major US provider, UnitedHealthcare International to service the company's expatriate insurance members in Australia.
The two companies announced what they described as a "strategic alliance" this week, with nib chief executive Mark Fitzgibbon pointing to the need for health insurance coverage across borders.
"Today's increasingly mobile global workforce has health needs that cut across borders, and we can now offer an attractive solution to those needs for UnitedHealthcare International's customers in Australia," he said.
"Through our exclusive relationship, UnitedHealthcare International's customers will now have access to nib's network of 500 leading Australian hospitals, as well as local physicians and direct payment arrangements with other care providers, such as dentists and opticians," Fitzgibbon said.
He said nib already provided private health insurance cover in Australia to approximately 20,000 international customers, including foreign workers and international students.
Fitzgibbon said the alliance with UnitedHealthcare International would better position nib to consider other international initiatives.
Recommended for you
Money Management examines the share price of financial advice licensees over one year to 31 March, with M&A actions in the final quarter having a positive effect for two licensees.
A $3.5 million settlement for victims of Melissa Caddick has been approved by the Federal Court following an initial agreement last December.
The Reserve Bank of Australia has delivered its first rate decision since the introduction of a new board structure last month.
Digital advice provider Otivo has launched an interactive tool, powered by artificial intelligence and Otivo’s own advice engine, to help answer client questions.
