China: Insurer AIA Partners with HealthTech Startup WeDoctor

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AIA Group WeDoctor

Global insurer AIA Group said it has forged a long-term strategic partnership with We Doctor Holdings Ltd (WeDoctor), China’s leading technology-enabled healthcare solutions platform.

Under the partnerships agreement, AIA will become WeDoctor’s preferred provider of life and health insurance solutions, the insurer said.

“WeDoctor’s over 110 million registered customers will be able to access AIA’s protection solutions in the areas where AIA China operates, helping to reduce the
protection gap for millions of WeDoctor users in China,” according to AIA’s statement.

As part of the partnership agreement, AIA has made a concurrent minority equity investment in WeDoctor.

China and the Asia-Pacific region are experiencing rapid growth in demand for quality healthcare that outstrips the development of resources and infrastructure.

This phenomenon is creating significant opportunities for innovative technology and healthcare funding solutions to improve the quality and availability of care across the region, AIA adds.

As a result of this agreement, AIA’s customers will gain preferred access to WeDoctor’s healthcare services including appointment, online consultation and offline clinics, as well as its network of 2,700 top-tier hospitals, 220,000 doctors, and over 15,000 pharmacies in 30 provinces across China.

Also Read: AXA Insurance Makes Strategic Appointment in Singapore

“This new long-term strategic partnership presents an excellent opportunity for AIA and WeDoctor to enhance the provision of quality and affordable healthcare for millions of people across China,” said John Cai, Regional Chief Executive, AIA Group.

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