Insurer winds downs Options medical travel business


Australian insurer nib is winding down its Options medical travel agency that offered Australians cosmetic surgery and dental tourism in Australia and Thailand. The offer was to anyone, not just nib customers.

CEO Mark Fitzgibbon; "We made the decision to wind down the nib Options business in May 2017 but only made this public in August. Closing the business was disappointing and we still believe medical travel worldwide will grow. But having given it our best shot over three years without commercial success we're disciplined enough to say enough."

The insurer lost £2 million in 2017 and £1.6 million in 2016 on nib Options.




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