tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Friday, November 1st, 10:39AM

Insurance

rss
Latest Headlines

nib and Cigna join forces

Nib and Cigna have entered into a joint venture, which they say has the specific purpose of delivering better health outcomes for members and communities in New Zealand and Australia.

Wednesday, December 11th 2019, 12:18PM

Mark Fitzgibbon

Each will contribute A$10 million ($10.4 million) in start-up funding for the new healthcare data science and services company.

Cigna recently acquired the OnePath insurance business from ANZ.

The joint venture’s purpose is to analyse and interpret underlying individual disease risk; provide guidance on how this risk can be best prevented, mitigated, managed or treated; and deliver healthcare programmes, services and interventions relevant to the disease risk profile.

The venture will start with companies within the nib group but it is expected that other healthcare insurers and providers of healthcare services will eventually become involved.

Nib managing director Mark Fitzgibbon said the joint venture was the result of several years of research and preparation. 

"Today’s announcement shouldn’t be a surprise to anyone familiar with our business and vision of becoming as much about our member’s good health as it is their financial protection,” Fitzgibbon said.

“It’s a giant step in our ambitions to play a more substantive and cost effective role in healthcare. As a business we’re determined to help our members, in collaboration with their doctors, keep healthy rather than simply be there for them when they’re already sick or injured."

He said the first priority would be to deploy and build the necessary technology and capability.

“The purpose of the joint venture is to help people lead healthier lives. It will do this by using data science to understand their current and future health risks and needs and then actively help them prevent, manage or treat that risk. What we are attempting is the antithesis of what today is too much about cure versus prevention and ‘one size fits all’ healthcare,” he said.

“We’ve obviously found a world class partner in Cigna and there is strong alignment in how we see healthcare evolving with a greater emphasis upon the individual and more precise health risk management. Cigna is already significantly improving the health of the customers, clients and communities they serve around the world."

Tags: Cigna nib

« Partners Life tweaks policiesPartners Life criticises Vitality »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
Insurance Briefs

nib launches tool to support women through menopause
nib has launched a new health management programme designed to support women as they navigate the stages of perimenopause and menopause.

Employees are wanting health and life insurance
A new survey shows potential employees what life and health insurance benefits, but less than a third of employers plan to offer such benefits.

Chubb Life makes changes to trauma benefit
Chubb Life has made a series of enhancements to its Assurance Extra and Assurance Extra Business policies, including the addition of a new Continuous Trauma Benefit,

Resolution Life gets new president
Global life insurance group Resolution Life has appointed Moses Ojeisekhoba as its new President.

News Bites
Latest Comments
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News
Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com
x