UniMed Acquires Accuro’s Health Portfolio


Union Medical Benefits Society (UniMed), now has 10% of the country’s medical insurance market and more than 140,000 members, following its acquisition of Accuro’s health insurance portfolio.

The agreement, made on Friday 31 May, cements Unimed’s position as New Zealand’s third largest health insurer.

Peter Tynan, UniMed’s Board Chair, says the Accuro transfer means the firm has a larger geographic footprint from which to serve the needs of businesses and individuals.

Peter Tynan, UniMed’s Board Chair
Peter Tynan, UniMed’s Board Chair.

Both the UniMed and Accuro brands will remain in the market, delivering service and settling claims for their respective customers.

Tynan says the focus for the larger UniMed society will be strategically leveraging combined strengths and capabilities, and continuing to offer “…innovative products and services that support the long-term health and wellbeing of members”.

“Bringing the Accuro and UniMed portfolios together means we can better meet member expectations and leverage our greater scale to address rising health care costs,” says Tynan.

UniMed was established 45 years ago as a non-profit workplace health insurer.