Aetna International Continues to Expand Asian Footprint With Hong Kong Licence

Bringing greater access to quality health care benefits and solutions to keep more people healthy in the region

Hong Kong, March 12, 2018 - Global health care benefits provider Aetna International today announced that it has acquired the Canadian Insurance Company Limited, and is now licensed to offer health insurance in Hong Kong. The license allows Aetna International to market its products and services solely under the Aetna brand.

Aetna has a long history in Asia; in 2007, it started its journey as a specialist health insurer in Hong Kong, via its acquisition of Goodhealth. Derek Goldberg, Managing Director, Asia Pacific for Aetna International, commented, “This expansion is very much in line with our global strategy to go ‘broader and deeper’ into local health care markets – bringing high quality and affordable healthcare to more people in Asia. Our new licence offers new opportunities for us to develop an enhanced proposition for the Hong Kong market, taking the best of our global expertise and pairing that with our local knowledge.”

Hong Kong has one of the most developed insurance markets in Asia, and its per capita insurance premiums are among the highest in the region. Aside from rising general affluence, its close ties to Mainland China and imminent introduction of a Voluntary Health Insurance Scheme is likely to lead to the creation of new segments of insurance customers, presenting an opportunity for product innovation.

Kevin Jones, Aetna International’s Country Manager for Hong Kong, is proud of the efforts the team has made to bring this all together: “We’re excited about the potential that Hong Kong presents, with its stable governance and innovation focus. The high awareness and familiarity with insurance products in this market makes it a prime one for us to introduce new and unique health cover options.”

In July 2017, Aetna International announced its acquisition of Bupa Thailand, which followed the launch of its Asian Innovation Hub in Singapore in 2016, established to develop region-specific health solutions tailored for local markets in Asia.

About Aetna International
Aetna International is committed to helping create a stronger, healthier global community by delivering comprehensive health care benefits and population health solutions worldwide. One of the largest providers of international health benefits and services, Aetna International serves more than 900,000 members worldwide, including expatriates, local nationals, and business travellers. Its global benefits include medical, dental, vision and emergency assistance and, in some regions, life and disability. Aetna International also offers customised technological and health management solutions for healthcare systems, government entities, and large employers to improve people’s health, enhance the quality of care and contain costs. For more information, see www.aetnainternational.com or LinkedIn.

About Aetna
Aetna is one of the leading diversified health care benefits companies in the U.S., serving an estimated 46.7 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, workers' compensation administrative services and health information technology products and 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 http://www.aetna.com/ and learn about how Aetna is helping to build a healthier world. @AetnaNews.