nib Group

nib Group is a prominent international health partner dedicated to empowering its members to make informed decisions and enhance their health outcomes by providing greater access to affordable health services and comprehensive information. The company serves over 1.6 million residents in Australia and New Zealand with health and medical insurance. Additionally, nib extends its health insurance coverage to approximately 200,000 international students and workers residing in Australia. The organization's purpose is centered on fostering better health and wellbeing for its members, achieved by delivering insightful guidance on personal health and wellbeing goals.

Established in 1952, initially to offer health insurance to workers at the BHP Newcastle Steelworks, nib has significantly expanded its operations both nationally and internationally. By 2017, nib held an 8.3% share of the Australian private health cover market. A key development in its history was the demutualisation and listing on the Australian Securities Exchange (ASX) in 2007, making it the first private health insurer in Australia to do so. This transition was accompanied by a $25 million donation to establish the nib foundation, a charitable organization focused on funding health and wellbeing initiatives. The foundation has since provided over $21 million in funding to various community groups across Australia and New Zealand. nib's diversification includes entering the international workers' health cover market in 2010 with the acquisition of IMAN International Pty Ltd, and expanding into New Zealand in 2012 by purchasing TOWER Medical Insurance. Furthermore, nib is recognized as one of the top three Australian travel insurers through its nib Travel division, offering financial protection to travellers globally. The company also operates nib Thrive, its National Disability Insurance Scheme (NDIS) business, aiming to support individuals with disabilities.