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https://riskinfonz.co.nz/2023/10/27/1-8-billion-paid-in-health-insurance-claims/
Submission: On November 03 via api from US — Scanned from NZ
Submission: On November 03 via api from US — Scanned from NZ
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* News * Adviser Focus * Calendar * Subscribe * About * Contact * Home Search Friday, November 3, 2023 RiskinfoNZ * News * Adviser Focus * Calendar * Subscribe * About * Contact * Home * Associations * Health $1.8 BILLION PAID IN HEALTH INSURANCE CLAIMS October 27, 2023 0 Facebook Twitter Linkedin Email Print The health insurance sector has continued to serve New Zealanders over the past 12 months with increasing reach and increase of claims paid, says Financial Services Council CEO Richard Klipin. The FSC says the past 12 months to July 2023 has seen the sector grow, with: * More than 1.45 million Kiwis now covered by the sector, which is an increase of 1.2% * $1.8 billion issued in claims, which is up 9.5% from the last quarter * Total premiums now at $2.24 billion – up 8% from the last quarter Klipin says that the term ‘health span’ is now used in conjunction with the term ‘life span’ in the insurance sector, noting it is the length of time in which an average human is healthy. Richard Klipin …the term ‘health span’ is now used in conjunction with the term ‘life span’ in the insurance sector He says that managing health and staying healthy is important, as is “…ensuring a long health span, which is the period of life where a person is healthy. So it’s encouraging to see that more New Zealanders are taking up private health insurance, which ultimately gives them more choices over their health and wellbeing.” He adds that the private health system complements the public system “…and ultimately gives options for all Kiwis.” Klipin notes that unexpected health issues not only impact Kiwis physically, but also impact mentally and financially. > …achieving a long health span is just as important as a long life span… “Relieving health issues and delivering peace of mind swiftly is something that a good health system can provide, and means more control of your own health journey.” Klipin notes that as the New Zealand population ages “…the idea of health spans and healthy lives is as important an idea as life span. Achieving a long health span is just as important as a long life span.” He says this is part of what the FSC focuses on “…as an outcome of our vision to increase the financial wellbeing of New Zealanders. Having robust health options, with increased financial wellbeing, will increase the overall wellbeing and health span of New Zealanders significantly,” he says. Facebook Twitter Linkedin Email Print Previous articleNominations Open for Financial Advice NZ Awards Next articleWebinar: The Business of Merger and Acquisitions OTHER RECENT NEWS… * FSC Names New Board * Fidelity Life Returns to Profit * Interim CEO Appointed to Financial Advice NZ * Level 5 Certificate Under Review * Asteron Life Launches Store Card Bonus NEWS CATEGORIES News Categories Select Category Adviser Focus Appointments Associations Breaking Claims Company news Compliance & regulation Conferences and events Dealer groups Estate Planning Featured General Health MDRT Opinion Podcast Polls Practice management Practice marketing Products Remuneration Services Story of the Week Superannuation Technology Training Uncategorized Underwriting NEWS ARCHIVES News Archives Select Month November 2023 October 2023 September 2023 August 2023 July 2023 June 2023 May 2023 April 2023 March 2023 February 2023 January 2023 December 2022 November 2022 October 2022 September 2022 August 2022 July 2022 June 2022 May 2022 April 2022 March 2022 February 2022 January 2022 December 2021 November 2021 October 2021 September 2021 August 2021 July 2021 June 2021 May 2021 April 2021 March 2021 February 2021 January 2021 December 2020 November 2020 October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017 September 2017 SUBSCRIBE TO RISKINFONZ First Name Last Name Email I would like to receive my FREE weekly RiskinfoNZ news email Yes No Subscribe © RiskinfoNZ | Contact Us | Disclaimer | Privacy Edit with Live CSS Save Write CSS OR LESS and hit save. CTRL + SPACE for auto-complete.