NIB Holdings Ltd (ASX: NHF) is one of the ASX’s largest private health insurers, it was founded in 1952. NIB provides health and medical insurance to over 1.5 million Australian and New Zealand residents. NIB also provide health insurance to more than 160,000 international students and workers in Australia. It’s also Australia’s third-largest travel insurer and global distributor of travel insurance through its World Nomads Group business.
Private health insurers such as Medibank Private Ltd (ASX: MPL) and NIB Holdings Ltd (ASX: NHF) could face more pressure on their profit margins as increases in private health insurance premiums fail to keep pace with healthcare costs.