Tawuniya and Aetna Form Strategic Alliance

Before you go, we thought you'd like these...
Before you go close icon

Tawuniya and Aetna Form Strategic Alliance

RIYADH, Saudi Arabia--(BUSINESS WIRE)-- The Company for Cooperative Insurance (Tawuniya), and Aetna (NYSE: AET), a leading global diversified health care solutions company, have entered into a strategic alliance to provide health care benefits and services to Saudi citizens in the Kingdom of Saudi Arabia or abroad and to foreign nationals living in the Kingdom.

Photograph of Mark Bertolini and Tawuniya's CEO Ali Subaihin taken after the contract signing. (Phot ...

Photograph of Mark Bertolini and Tawuniya's CEO Ali Subaihin taken after the contract signing. (Photo: Business Wire)

The multi-faceted relationship will leverage the strengths of both companies and offer customers living in the Kingdom of Saudi Arabia quality health care cover, programs and services to better manage their health, and access to extensive networks of health care providers around the world, among other benefits.


At a recent contract-signing ceremony held at the Tawuniya head office in Riyadh, Aetna's Chairman and CEO Mark Bertolini said, "We are delighted to collaborate with Tawuniya to provide high-quality global health care solutions to meet the needs of our customers and theirs. Tawuniya is a firm that shares our mission to provide easy access to cost-effective, high-quality health care."

Tawuniya CEO Ali Subaihinsaid, "We are pleased to work with Aetna, a Fortune 100 company, to offer a seamless approach to health care benefits for the many expatriates living in our country and for our Saudi citizens whether they are home or abroad. Our arrangement with Aetna fulfills Tawuniya's ambitious plans to provide an international medical insurance program for our Saudi customers. We look forward to more opportunities to cooperate."

As part of the alliance, Tawuniya is providing in-Kingdom cover for 80,000 Saudi students when they are back home. Aetna provides cover for them in the United States while they are attending college or graduate school on scholarships provided by the Saudi Arabia Cultural Mission.

The relationship also offers a joint approach to Tawuniya's global coverage for the Saudi Arabian Ministry of Foreign Affairs. Members will have access to Aetna's global medical network of more than 100,000 hospitals and doctors outside of the U.S. and Aetna's customer service platform.

Members of both groups will be served through Aetna's Arabic-speaking call center in Dubai.

Additionally, Tawuniya is providing exclusive services to Aetna's customers living in Saudi Arabia, including Council of Cooperative Health Insurance-accredited cover for Aetna expatriate members residing in the Kingdom. Aetna members will have access to Tawuniya's network of more than 1,100 direct-settlement hospitals and medical centers.

Sandip Patel, head of Aetna International, said, "Working together, we can offer customers comprehensive health care solutions to meet their needs. We believe our expertise in disease management, wellness and prevention programs can help people in Saudi Arabia live healthier lives."

Customers of the Tawuniya-Aetna alliance will have access to Aetna's broad range of online tools and services, including a secure website portal to access and manage their global benefits; mobile and tablet apps to find health care providers in their area and around the world; health and wellness information; health and security alerts; and drug and medical information translation services.

In addition, as part of the relationship with Tawuniya, Aetna is providing Tawuniya with reinsurance as well as product development consulting.

About Aetna International

Aetna International is committed to helping create a stronger, healthier global community by delivering comprehensive health benefits and health management solutions worldwide. Aetna International's expatriate business is one of the industry's largest and most prominent international health benefits providers, supporting more than 500,000 members worldwide. The organization's expatriate offerings include medical, dental, vision, life, disability and emergency assistance. Aetna International's health management business collaborates with health care systems, government entities and plan sponsors around the world to design and build locally applied health management solutions to improve health, quality and cost outcomes. For more information, see www.aetnainternational.com.

About Aetna

Aetna is one of the nation's leading diversified health care benefits companies, serving an estimated 44 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities, Medicaid health care management services, workers' compensation administrative services and health information technology services. Aetna's customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups and expatriates. For more information, see www.aetna.com.



Media Contacts:
Aetna
Dubai, UAE
Kathy Hyde, +971-0-44387653
HydeK2@aetna.com
or
Aetna
United States
Marnie Goodman, +1 860-273-2314
GoodmanM2@aetna.com
or
Media Contact:
Tawuniya
Torky Sajjan, +966-1-2186262
TSAJJAN@tawuniya.com.sa

KEYWORDS:   Saudi Arabia  Middle East

INDUSTRY KEYWORDS:

The article Tawuniya and Aetna Form Strategic Alliance originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners