NIB Holdings chief executive Mark Fitzgibbon says the health insurer is starting to see some customers switching due to the privacy breach at Medibank, and pre-existing conditions being no barrier to changing providers.
NIB said new policyholder growth stood at 4.7 per cent in the period from July to the end of October, boosting underlying operating profit by 16.3 per cent.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
