Health insurance or medical insurance is a type of insurance that covers the whole or a part of the risk of a person incurring medical expenses. As with other types of insurance is risk among many individuals. By estimating the overall risk of health risk and health system expenses over the risk pool, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to provide the money to pay for the health care benefits specified in the insurance agreement. The benefit is administered by a central organization, such as a government agency, private business, or not-for-profit entity.
Elders Limited, formerly known as Elder, Stirling & Co., Elder Smith and Co. and Elder Smith & Co. Ltd, is an Australian agribusiness that provides agricultural goods and services to primary producers in Australia and New Zealand.
Here, There & Everywhere (HT&E), formerly known as APN News & Media, is an Australian media company. Divisions include broadcast radio and Out-of-home advertising. The company previously had assets in New Zealand, and previously owned Adshel, APN Outdoor and Gfinity eSports in Australia.
Justin Thomas Caldwell Vaughan is a former New Zealand cricketer who played six Test matches and 18 One Day Internationals between 1992 and 1997. He is a doctor of medicine by profession.
Insurance Australia Group Limited (IAG) is a multinational insurance company headquartered in Sydney, Australia.
Healthscope is a for-profit Australian company which operates private hospitals, medical centres and rehabilitation hospitals. The company is headquartered on St Kilda Road, Melbourne. It operates medical/surgical hospitals and a number of psychiatric and rehabilitation hospital clinics.
GMHBA Limited is a not-for-profit, mutual Australian private health insurance and care company founded in 1934, based in Geelong, Victoria, Australia. GMHBA also operates eye care and dental care practices along with GP clinics.
Insignia Financial Ltd, formerly IOOF Holdings Ltd, is an ASX 200 listed financial services company which provides clients with a range of products and services including Financial Advice, Investment Management, Superannuation and Estate and Trustee Services.
Australia's insurance market can be divided into roughly three components: life insurance, general insurance and health insurance. These markets are fairly distinct, with most larger insurers focusing on only one type, although in recent times several of these companies have broadened their scope into more general financial services, and have faced competition from banks and subsidiaries of foreign financial conglomerates. With services such as disability insurance, income protection and even funeral insurance, these insurance giants are stepping in to fill the gap where people may have otherwise been in need of a personal or signature loan from their financial institution.
Fairfax Media was a media company in Australia and New Zealand, with investments in newspaper, magazines, radio and digital properties. The company was founded by John Fairfax as John Fairfax and Sons, who purchased The Sydney Morning Herald in 1841. The Fairfax family retained control of the business until late in the 20th century.
QBE Insurance Group Limited is a general insurance and reinsurance company listed on the Australian Securities Exchange (ASX) and headquartered in Sydney. The company employs more than 11,700 people in over 27 countries.
Health care in Australia is primarily funded through the public Medicare program and delivered by highly regulated public and private health care providers. Individuals may purchase health insurance to cover services offered in the private sector and further fund health care. Health is a state jurisdiction although national Medicare funding gives the Australian or Commonwealth Government a role in shaping health policy and delivery.
The four pillars policy is an Australian Government policy to maintain the separation of the four largest banks in Australia by rejecting any merger or acquisition between the four major banks. The policy, rather than formal regulation, first articulated in 1990, reflects the competitive concerns of more concentration as well as the broad political unpopularity of further bank mergers. A number of economically liberalist commentators have argued that the "four pillars" policy is built upon economic fallacies and works against the Australia's better interests.
Bupa, legally British United Provident Association Limited, is an international health insurance and healthcare group with over 38 million customers worldwide.
M2 Group Ltd was an Australian retailer and wholesaler of telecommunications services as well as power, gas and insurance products.
Overseas Student Health Cover (OSHC) is a compulsory health insurance product required by the Australian Government for international students studying in Australia. It is an insurance product that gives international students a level of insurance coverage based on the Australian Medicare system.
In Australia, it is a mandatory requirement for registered healthcare practitioners to hold appropriate medical indemnity insurance coverage for healthcare practices in Australia. Medical indemnity is a form of professional indemnity coverage defined by Australian legislation – the Medical Indemnity Act 2003 and is a type of general insurance. In the UK, this type of professional indemnity for healthcare practitioners is generally referred to as ‘professional indemnity’ and in the USA, ‘medical negligence insurance’. In Australia, the term ‘medical indemnity’ can be used to refer to all healthcare indemnity, not just that provided for medical doctors. However, there are only six Australian Health Practitioner Regulation Authority (AHPRA) listed insurers that provide medical indemnity insurance cover to medical practitioners. Australian medical practitioner medical indemnity providers include:
Cover-More Group is a global travel insurance and medical assistance provider headquartered in Sydney, Australia. The group was acquired by Zurich Insurance Group in April 2017. The company has more than 40% share of the Australian market. The group also has leading market positions in India, Ireland, Latin America, New Zealand and the USA where Cover-More owns Travelex Insurance Services. The global group has more than 18 million customers and employs more than 2200 people. Cover-More has operations in 22 countries including Australia, New Zealand, India, China, Malaysia, the United Kingdom, the USA, Canada, Brazil and Argentina.
Travel Insurance Direct (TID) is an Australian travel insurance company headquartered in Sydney, Australia for Australian and New Zealand residents travelling domestically or internationally. Its policies are underwritten by AXA. TID was established in 2005 and is a part of the World Nomads Group, a network of companies including World Nomads that supply and service customers with travel services.
Whitecoat Health Service Directory, commonly referred to as Whitecoat, is an online directory of healthcare professionals. It was launched in Australia in 2013 and New Zealand in 2018. The service allows consumers to rate their experience of a healthcare provider and read other users’ recommendations and reviews. By 2016, Whitecoat was the largest website of its kind in Australia. Whitecoat has drawn significant criticism from professional medical bodies.
A$2.522 billion (2020)
A$90.1 million (2020)
