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Private health insurance customers less satisfied
July 30 2018
- Finding No.
Source: Roy Morgan Single Source (Australia) Rolling 12 Monthly July 2013 – June 2018, average sample n = 23,478. Base: Australians 14+ with private health insurance.
New research from Roy Morgan reveals satisfaction with private health insurance in the 12 months to June 2018 was 70.5%, unchanged since May 2018 but down 2.0% from June 2017 (72.5%), and well below 2015 levels.
These findings are from the Private Health Insurance Customer Satisfaction Report, which is based on in-depth personal interviews conducted face-to-face with over 50,000 Australians per annum in their own home.
See the results of the most recent Customer Satisfaction Awards for private health insurance here and view private health insurance member profiles at a brand level.
In June 2014, average satisfaction for private health insurance was at 75%. After reaching a peak in mid-June 2015, customer satisfaction for private health insurance on average began to drop. Satisfaction is key for customers to see the value in their private health insurance, and for insurers to better retain customers.
Source: Roy Morgan Single Source (Australia) Rolling 12 Monthly July 2013 – June 2018, average sample n = 23,478.
Private Health Insurance Customer Satisfaction
Base: Australians 14+ with private health insurance.
St.LukesHealth satisfies 88.4% of their customers
St.LukesHealth celebrates their fifth monthly win of 2018. St.LukesHealth has won the last two annual Roy Morgan Customer Satisfaction Awards and will be a tough competitor for the other top insurers for customer satisfaction. Westfund, CUA Health, Health Partners and Defence Health also made the top 5 in the June Customer Satisfaction Awards.
Michele Levine, CEO, Roy Morgan, says:
"Roy Morgan reported earlier this year that over 250,000 Australians didn’t renew their private health insurance and the downward trend in private health insurance continues to grow. It’s not surprising that the major reason given for not renewing is to do with the increasing expense for many households.
“Our research on member satisfaction with private health funds has shown major differences in satisfaction across funds and as a result the poorer performers could learn from the top ones and so improve their chances of member retention.
“St.LukesHealth continues to do a terrific job, taking out this month’s Customer Satisfaction Awards, beating last month’s winner Westfund. As well as satisfaction, Roy Morgan measures health insurance members and intenders, the Media Most Useful for making health insurance decisions, the Health Insurance Net Trust Score, and the channels in which Health Insurance is obtained.
“The data used here is only a small part of the extensive data that we have available on all major private health insurers. To find out more, ask Roy Morgan.”
For comments or more information please contact:
Roy Morgan - Enquiries
Office: +61 (03) 9224 5309