CONSHOHOCKEN, PA — NSM Insurance Group has announced the acquisition of ISO Student Health Insurance, a company that has specialized in accident and sickness insurance plans for international students since 1958. This strategic move aims to expand NSM’s footprint in the travel insurance sector.
“We are thrilled to welcome ISO to our growing family of travel insurance brands,” said Bill McKernan, President of NSM Insurance Group. “ISO is the market leader in student travel insurance and has established an amazing direct-to-consumer distribution strategy. Jacob and his team have built a tremendous business and operating model and we look forward to supporting their continued growth by leveraging our cutting-edge resources and technology and global distribution channels. The future is certainly bright for ISO and NSM.”
ISO provides affordable and accessible insurance to over 3 million students from more than 200 countries. The company has partnerships with over 2,600 universities and maintains strong relationships with international student advisors and risk managers. Its digital enrollment platform offers a seamless purchasing experience with multilingual services and a variety of robust plan options.
“We’re energized to become a part of NSM’s burgeoning portfolio of leading travel insurance brands. For over 60 years, we have remained laser-focused on serving a target demographic no other provider can match and building a highly reputable brand based on deep industry relationships, a range of product offerings and fast and reliable customer service,” said Jacob Harel, Chairman of ISO. “I am confident NSM has the capacity and resources to enable ISO’s continued growth through product development and geographic expansion.”
Stephanie Lin, CEO of ISO, added, “The ISO team is delighted to join forces with NSM and build on our legacy of delivering the best health insurance offerings for international students — pioneered and managed by current and former international students.”
The acquisition marks a significant step for NSM in enhancing its offerings and expanding its market reach in the travel insurance sector.
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