AIA Group establishes InsurTech business
Tuesday, February 22nd 2022, 3:21PM
AIA Group has established a new pan-Asian Health InsurTech business called 'Amplify Health' to become a leading digital health technology and integrated solutions business.
It says the business will transform how individuals, corporates, payors and providers experience and manage health insurance and healthcare delivery, improving the health and wellness outcomes of patients and communities across Asia.
It is a joint venture with Discovery which developed the Vitality programme AIA uses.
"Amplify Health will deploy a range of health technology assets, proprietary data analytics and extensive health expertise to AIA's market-leading and rapidly growing businesses across the region and to other major participants in the healthcare sector," it says in a statement.
"This will become a key competitive advantage for AIA helping to grow new business value and delivering financial benefits such as improved claims performance and reduced operational costs. In addition, Amplify Health will open up new and significant growth opportunities from the provision of its health technology assets and services to third-party clients."
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