Bupa announces global expansion

Insurer pushes growth ambitions as it opens new office in a major global financial hub
INSURANCE NEWS
By Louie Bacani
14 Oct 2016
The international business arm of British health insurance giant Bupa is expanding its operations with the opening of a new office in Switzerland.
 
The insurer is opening a Zurich office following the approval of a new insurance licence that enables Bupa Global to sell international private medical insurance policies to corporate customers based in the Swiss nation.
 
With its new licence, Bupa Global can now provide businesses in Switzerland with premium international cover for their expat employees while they are working and also travelling.
 
Swiss corporates can also leverage the benefits of Bupa’s global footprint and have access to a large network of healthcare providers worldwide, where the insurer pays the bills directly.
 
Bupa Global managing director Sheldon Kenton said the new Zurich office is in line with the company’s growth ambitions.
 
“The office opening reflects our commitment to have a local presence wherever our customers are located, allowing us to best serve our customers in their own culture, language and time zone,” Kenton said.
 
Kenton noted that Zurich is an important market since it is a global financial hub that hosts multinational businesses and professionals.
 
“Looking after the health and wellbeing of these globally minded and globally mobile employees is becoming increasingly important for businesses and we expect to see strong growth potential in the market,” the Bupa official said.
 
 
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Bupa mulls £500m takeover bid for UK business – report
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