This is also allowing for the Australian Prudential Regulation Authority’s (APRA) announcement this week on the need for private health insurers to provision in FY20 for a presumed “catch up” in treatment and claims.
In a letter to private health insurers, APRA directed capital requirements allow, as a general liability, an expectation of hospital and allied (e.g. dental) treatment deferred during the course of COVID-19 to now occur during the course of FY21.
Shares in nib holdings (ASX:NHF) are trading 3.02 per cent higher at $4.77.