7 March 2016
Lebara and Allianz Group announce insurance partnership to consumers in emerging markets
- Partnership provides insurance to global migrant community
- Free Second Medical Opinion service launches today
- 80%1 of people in developing countries without insurance cover
London, 7 March 2016: Lebara, a mobile and media services provider to the world’s migrant community, today announced a partnership with global insurer the Allianz Group. The partnership will provide insurance and assistance services to meet the needs of migrants and their families globally.
This collaboration marks a first from a European based mobile operator to provide not only insurance and assistance to its European based customers, but also cover their family members abroad.
In a market where, at most, only 1 in 5 people1 in developing countries are covered by their local public social security systems, there is a clear need to help protect themselves against the risks that they may face.
The first service launched as a result of the partnership, called Second Medical Opinion is being rolled out to Lebara customers in the UK, for free, from today. The service offers customers the following:
- Second opinion on major medical conditions from a network of experts from around the world
- 24/7 telephone support on health and wellbeing matters
- Free enrollment of two additional family members in the UK or abroad
The UK is home to 2.53 million2 foreign-born residents from developing countries, each supporting at least 2 family members in their country of origin3. The Second Medical Opinion service is facilitated by Best Doctors and will provide timely and valuable support to these migrant workers and their family members.
Lebara Group Chairman and CEO Mr. Yoganathan Ratheesan commented: “I’m proud to announce this partnership with Allianz, which we feel will take the important step of democratising the provision of insurance services. We know that ensuring healthcare is a key priority for the global community of migrants. Quick, simple and cost effective protection of loved ones at home, wherever they are in the world, responds to this core need for our customers born outside of the UK. I am confident our partnership will be well received and appreciated.”
Theo Bouts, Head of Global Life and Health at Allianz Group, added: “Migrants are a large and under-served community to which Lebara, together with Allianz insurance and service companies, can provide excellent protective support. I believe this launch is just the start of how we can benefit migrants globally.”
Soon, Lebara’s UK customers will be able to enroll their loved ones for a wide range of Allianz services, from both home and within some major countries of origin.
1. ILO - http://www.cgap.org/topics/insurance
2. Home Office statistics January 2016
3. Lebara Insights Research 2015
About Best Doctors
Best Doctors, Inc. is the trusted medical resource for ensuring that individuals have the right diagnosis and treatment, helping to dramatically improve the quality of care and reduce costs.
Founded in 1989 by two Harvard Medical School professors, Best Doctors serves more than 700 employers, health plans, and other clients, touching 30+ million members in countries all across the world. Best Doctors has received accolades from the media and the medical community as the leading organization for connecting patients with the best medical care.
Together with its customers and sales partners, Allianz is one of the strongest financial communities. More than 85 million private and corporate customers insured by Allianz rely on its knowledge, global reach, capital strength and solidity to help them make the most of financial opportunities and to avoid and safeguard themselves against risks. In 2015, around 142,000 employees in over 70 countries achieved total revenues of 125.2 billion euros and an operating profit of 10.7 billion euros. Benefits for our customers reached 107.4 billion euros.
This business success with insurance, asset management and assistance services is based increasingly on customer demand for crisis-proof financial solutions for an aging society and the challenges of climate change. Transparency and integrity are key components of sustainable corporate governance at Allianz SE.
Cautionary note regarding forward-looking statements
The statements contained herein may include prospects, statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such forward-looking statements.
Such deviations may arise due to, without limitation, (i) changes of the general economic conditions and competitive situation, particularly in the Allianz Group's core business and core markets, (ii) performance of financial markets (particularly market volatility, liquidity and credit events), (iii) frequency and severity of insured loss events, including from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates including the euro/US-dollar exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions, including related integration issues, and reorganization measures, and (xi) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences.
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