Pandemic boosts demand for Nib health insurance

Mon, 24 Aug 2020

Nib New Zealand, the country's second largest health insurer, says the covid pandemic has made people more health conscious and contributed to increased demand for its products. The local subsidiary of ASX-listed Nib Group, reported an underwriting result up 11.2 percent to NZ$25.9 from premium revenue of NZ$253.1 million. That included a $9 million covid-19 deferred claims provision for a claims 'catch-up' expected to occur during financial 2021. The Australian parent provisioned $98.8 million. Group managing director Mark Fitzgibbon s...

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