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.

RELATED ORGANISATION/FACILITIES

Advertisement

ADD A NEWS ITEM

Do you have some news or a press release that you’d like to share with the medical travel industry?

Publish for FREE on IMTJ.

ADD NEWS

Related News

Romania dental tourism boost

21 October, 2020

New rules for entering Romania could increase dental tourism

Columbia opens borders

21 October, 2020

Medical tourists can return to Columbia

USA-Mexico medical tourism

16 October, 2020

Cancun opens for business, but risks remain

Indonesia cosmetic surgery tourism partnership

13 October, 2020

Advanced healthcare and hospitality in Bali

Costa Rica inbound medical travel

13 October, 2020

More US dental and medical tourists welcome in Costa Rica