Allianz declares strategic partnership with American telehealth platform

Giant of the insurance world also invests millions in partnership to "address global health challenges"

Allianz declares strategic partnership with American telehealth platform

Insurance News

By Lyle Adriano

Allianz has invested in an American telehealth solutions leader, joining the latter’s board of directors to help create digital healthcare solutions.

Through its digital investment unit Allianz X, the insurer has agreed to a US$59.2 million investment and strategic partnership with American Well. The partnership hopes to “develop digital solutions that will widen access, lower cost and improve quality of healthcare for millions of patients worldwide.”

A release said that the partnership will build upon American Well’s platform, leveraging Allianz’s international expertise by utilising technologies such as wearable sensors, remote monitoring, and virtual visits. The partnership will also deliver healthcare to both developed and emerging markets by working with local healthcare stakeholders.

“Our customers’ needs are at the heart of everything we do,” said Allianz SE member of the board of management and COO Christof Mascher. “We serve people across the globe anytime, anywhere, 24/7. The innovative technology offered by American Well complements our variety of trusted services and supports our customers in the digital world.”

“Allianz X’s investment with American Well will result in better access, lower cost and more connected care for our customers through a leading-edge health platform. This collaboration emphasizes Allianz’s commitment to digitalisation, our goal of investing in digital frontrunners and encourages advancements within the whole healthcare ecosystem,” added Allianz Group chief digital officer Solmaz Altin.

“Advancing global health digitally is a big mission, and one we know we cannot accomplish alone,” remarked American Well chairman and CEO Ido Schoenberg, MD. “Our scalable telehealth platform and partnership ecosystem are key to any global solution. We are encouraged by great support from across the healthcare industry thus far, and we invite companies and thought leaders across health, tech and business to join our mission to advance the quality, accessibility, and economics of global healthcare through digital connectivity.”

“I’ve been privileged to have a front row seat watching the evolution of healthcare delivery in
the 21st century,” commented American Well board of directors member, Massachusetts General Hospital president, and Harvard Medical School professor Peter Slavin, MD. “I’ve been challenged by how high-quality care can be scaled and transferred beyond regional academic medical centers – not just in the United States, but even more importantly globally. I see telehealth as key to delivering world-class care to people around the world.”

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