Launching Kogan Health: Kogan.com Ltd (ASX: KGN), the largest online department store in Australia, has inked an agreement with Medibank Private Ltd (ASX: MPL) that will help Kogan.com to offer budget health insurance policies under a new brand, Kogan Health. The agreement is said to be for an initial period of three years and will be administered via Medibank’s wholly owned subsidiary Australian Health Management Group Pty Ltd. Medibank will be providing the underwriting; and branding, marketing and customer acquisition will be provided by Kogan.

The insurance platform, Kogan Health, which is expected to be launched in the second half of the financial year, will offer budget health insurance policies; and through this, Kogan will earn commissions on sales of all insurance policies. All in all, KGN aims to provide better health insurance options to the public.

Over the past one year, we have seen Kogan partnering with big names to provide better offerings on its platform. The group had lately announced plans to launch a competitive NBN offering in partnership with Vodafone in 2018. KGN had been performing well despite the challenges that other retailers are succumbing to. The group had reported 37% growth in FY17 revenue and 800% growth in pro forma NPAT over FY16.


Portfolio (Source: Company Reports)

KGN stock surged up 1.5% on December 12, 2017 and is trading at a high level.

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