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nib Group (formerly Newcastle Industrial Benefits)

Posted on October 26, 2020October 26, 2020

nib Group (nib, formerly Newcastle Industrial Benefits) is an Australian health care fund. It was established in the NSW Hunter Region in 1952 to provide health insurance for workers at the BHP Steelworks, and has since grown into a national and international operation.

The Commonwealth Private Health Insurance Ombudsman’s report: “2017 State of the Health Funds” stated that of the larger Australian funds (funds with more than 0.5% of market share), nib held an 8.3% market share.

Traded as:           ASX: NHF

Industry:              Insurance

Founded:            1952

Founder:             BHP Steelworks workers

Headquarters:   Newcastle, NSW, Australia

Products:             Health Insurance, Travel insurance, Life Insurance

Website:              www.nib.com.au

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