nib Holdings

ASX:NHF

Health and travel insurer operating in Australia and New Zealand.

Insurance2,000 employees
Offshoring Summary
Based on public disclosures. Headcount not yet quantified.

Reported Offshore Headcount

Confirmed

Estimated % of Workforce

N/A

Destination Countries

๐Ÿ‡ฎ๐Ÿ‡ณ India๐Ÿ‡ต๐Ÿ‡ญ Philippines

nib outsources business processing to Bangladesh, India, and Philippines. Contractors in China and India for student health insurance. Modern slavery statement confirms ongoing BPO arrangements.

Financial Context

Market Cap

$3.1B

Revenue

$3.7B

In Plain English

  • nib Holdings has confirmed offshore operations in ๐Ÿ‡ฎ๐Ÿ‡ณ India, ๐Ÿ‡ต๐Ÿ‡ญ Philippines.

Based on data from public sources at the dates reported. Figures may not reflect current headcount. See sources below for full attribution.

Other Insurance Companies That Offshore

Other companies in insurance with reported offshore operations.

CompanyASXReported OffshoreOffshore Destinations
SuncorpSUN4,500+
๐Ÿ‡ฎ๐Ÿ‡ณ India๐Ÿ‡ต๐Ÿ‡ญ Philippines
QBEQBE2,383+
๐Ÿ‡ต๐Ÿ‡ญ Philippines
Insurance Australia GroupIAG200+
๐Ÿ‡ต๐Ÿ‡ญ Philippines๐Ÿ‡ป๐Ÿ‡ณ Vietnam๐Ÿ‡ฎ๐Ÿ‡ณ India
Allianz Australia186+
๐Ÿ‡ฎ๐Ÿ‡ณ India
Bupa Australia146+
๐Ÿ‡ต๐Ÿ‡ญ Philippines

What Public Sources Say

All information below is sourced from publicly available documents and reporting. Excerpts are direct quotes. Click source links to verify.

Additional Sources

Modern Slavery Statementnib Holdings Modern Slavery Statement30 Jun 2025

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This list is not complete, and never will be

If a company isn't listed here, that doesn't mean it doesn't offshore. And every number is the lowest we can prove, so the real figures can often be higher.

Read why

This started as an ASX 200 project and mostly still is. It has widened as stories landed from outside that list, so it now also covers employers that aren't ASX-listed, like Canva, Allianz Australia, SS&C and Crown Resorts, along with government departments and agencies. Companies get added when something surfaces about them, not by working through a list in order.

Australian companies are under no obligation to disclose where their work is done, and there is no register of offshored jobs. Everything here comes from something that surfaced publicly: an annual report, a modern slavery statement, a news article, a union statement, a government contract, or a tip from someone who was there.

So an absence usually means nobody has reported on that company and we haven't got to it yet, not that it keeps its work onshore. Some of the biggest offshorers say nothing at all. And because each figure counts only what a source actually stated, the real numbers can often run higher, sometimes much higher.

Every figure links to the source it came from, so you can judge it yourself rather than take our word for it. If you know something that is missing or wrong, tell us. Corrections are published, not quietly buried.

This profile reflects public information at the time of publication and may not match current operations. Is something wrong or missing about nib Holdings? Submit a correction. We welcome input from companies, employees, and researchers.