Private health insurance - MBF Health
Private health insurance "the mainstay of the organisation for over 50 years" remains the core business of the Group and is a vital factor in the organisation's financial strength.
A key consideration in the Group's overall business strategy is to ensure that private health insurance continues to be sustainable for the long term and affordable for our customers.
As Australia's largest privately owned and managed health insurer, with a national market share of approximately 20%, we provide health insurance to nearly two million people through two registered health benefits organisations - MBF Australia and MBF Alliances.
MBF Alliances (previously trading as NRMA Health) was acquired from Insurance Australia Group (IAG) in July 2003 with whom we have a much valued strategic marketing alliance.
Under the alliance, MBF-manufactured health insurance is available to IAG's five million strong customer base marketed under the IAG brands NRMA, SGIC & SGIO Insurance.