Australian health insurer
nib and Fairfax Media are set to launch a new health insurance brand in New Zealand called Done.
Under the relationship, consumers will be able to purchase direct health insurance products online from Fairfax, which owns stuff.co.nz, with nib acting as the underwriter.
nib chief executive Rob Hennin said the strategic distribution alliance is a major opportunity for the health fund to build its market share.
“This partnership allows us to tap into Fairfax’s significant media platforms which reach 3.4 million New Zealanders each month,” Hennin said. “It’s a great opportunity for us to access some of the 70% of Kiwis who are currently living without private health insurance.”
Fairfax chief executive Sinead Boucher said the media company had approached nib to deliver its new health insurance solution.
“The launch of Done is another string to our bow in terms of our business diversification. We are looking forward to providing Kiwis with peace of mind that their future healthcare needs are covered,” Ms Boucher said.
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