Aetna and Swiss Life Ink Deal to Expand Global Employee Benefits with Health Care Offerings
-- Aetna to provide health coverage and other insurance solutions for Swiss Life's customers in the U.S. and with U.S. expat populations --
-- Swiss Life to offer Aetna's business traveler health coverage worldwide --
HARTFORD, Conn.--(BUSINESS WIRE)-- Aetna (NYSE: AET), a leading global diversified health care solutions company, and Zurich-based Swiss Life, a leading life and pension insurer, have formed a strategic partnership to offer Aetna's international and domestic health care benefits and services to Swiss Life's roster of multinational customers.
Effective September 1, Aetna joins the Swiss Life Network as its partner for the United States. Swiss Life offers comprehensive international and local employee benefit packages to multinational companies through the Swiss Life Network, a global association of 60 insurance companies and business partners operating in 70 countries.
"Swiss Life shares our mission to provide high-quality employee benefits solutions and services tailored to meet the specific needs of companies operating in different countries and cultures," said Eugene Marks, general manager of the Americas for Aetna International. "Increasingly, businesses are looking for opportunities overseas and workers are becoming more globally mobile. Our collaboration with Swiss Life will allow us to provide a greater number of employees with the comprehensive health care coverage they need no matter where in the world they are."
Margrit Schmid, CEO of Swiss Life Network, said, "We are pleased to welcome Aetna into our network of insurance partners. As a leader in health care solutions in the U.S. and for the expatriate market, Aetna will enhance our ability to provide multinational companies with the very best in employee benefit packages. Aetna's strength in health management analytics, technology and wellness solutions also holds great possibilities for us to provide even broader solutions for our customers in the future.
"Swiss Life and Aetna complement each other well," said Schmid. "Swiss Life is recognized for its risk protection, pension management and strong base in Europe, while Aetna is recognized for its health coverage and strong base in the U.S."
As Swiss Life's U.S. network partner, Aetna will offer Swiss Life's multinational customers a portfolio of insurance products and services to meet the needs of their U.S. workforce, particularly expatriate health coverage for their American workers living and working abroad.
The partnership also opens a new distribution channel for WorldTravelerSM, Aetna's short-term international health coverage for business travelers. Swiss Life has chosen WorldTravelerSM to be the group business traveler coverage offered to its customers worldwide.
Additionally, Swiss Life's multinational clients can access Aetna's domestic employee benefits products and services for their U.S.-based workforces, including group term life, short- and long-term disability, accidental death and dismemberment, dental and medical coverage, plus market-leading health analytics and wellness solutions.
Aetna's U.S.-based and international health care coverage focuses on empowering people to live healthier lives. The company offers its members a wide variety of health and wellness programs, clinical services and mobile apps to help them take charge of their health and get the most out of their health care benefits.
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 with access to more than 100,000 hospitals, clinics and doctors in Aetna's network of non-U.S. health care providers. 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.
Aetna is one of the United States' 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 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.
About Swiss Life
The Swiss Life Group is one of Europe's leading comprehensive life and pensions and financial solutions providers. Swiss Life Holding Ltd, registered in Zurich, was founded in 1857 as Schweizerische Rentenanstalt. The shares of Swiss Life Holding Ltd are listed on the SIX Swiss Exchange (SLHN). The Swiss Life Group employs a workforce of around 7,000, with approximately 4,500 certified financial advisors.
The Swiss Life Group operates in Switzerland, Germany and France, and it has competency centres in Luxembourg, Liechtenstein and Singapore. The Group is also present in other European countries through Swiss Life Select, tecis, HORBACH, Proventus and Chase de Vere. For more information, see www.swisslife.com.
About Swiss Life Network
Swiss Life Network is a global association of 60 leading local life insurance companies and business partners. Through this network, Swiss Life offers comprehensive employee benefit solutions, including life insurance, pension and health solutions for over 400 multinational corporations in 70 countries and territories worldwide. The Swiss Life Network, founded 1962, is the leading global employee benefits network and a pioneer of the international risk pooling concept. Swiss Life Network has the objective to provide top-quality employee benefit solutions to multinational corporations around the globe for their international and local employee benefit needs. For more information, see www.swisslife-network.com.
Marnie Goodman, +1-860-273-2314
KEYWORDS: United States Europe North America Connecticut Switzerland
The article Aetna and Swiss Life Ink Deal to Expand Global Employee Benefits with Health Care Offerings 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.