Zurich Insurance Group has agreed to acquire Australia-based HealthLogix and South Africa-based HealthInsite, to further expand its Zurich LiveWell health and wellbeing business.
The companies, jointly known as HLX, offer customers a range of mobile applications and web-based health and wellbeing solutions for corporate employees and retail customers. These solutions promote improved engagement and productivity through the incorporation of health risk assessments, physical activity and biometric tracking, behavioral change challenges that reduce lifestyle risk, sophisticated rewards system and personalized content around physical, mental, financial and social health.
Zurich has worked closely with HLX since 2018, providing its corporate and retail customers with customized wellbeing solutions in Australia, Brazil and most recently in Spain. The transaction, which is subject to foreign investment approval in Australia, will strengthen Zurich LiveWell’s technology, data analytics and multimedia content delivery capabilities. The companies will continue serving their existing customers in countries around the world.
“The acquisitions will boost Zurich’s capabilities to deploy innovative health and wellbeing offerings to customers across markets globally with a scalable and modular proposition, aligning with the accelerating global adoption of health technology. We share a strong passion and the objective of truly empowering people to improve their health and wellbeing by providing them with a personalized and unique proposition. This is a perfect match for Zurich LiveWell, and we look forward to our journey together.” – CEO of Zurich LiveWell, Helene Westerlind.
Zurich LiveWell was created earlier this year under the working name of WellCare to bring together the Group’s existing health and wellbeing initiatives and expand the services into new markets. The new name is the brand under which it is already operating in Australia and Spain and will now be used globally. Zurich LiveWell will be part of Zurich’s new Global Business Platforms unit, which focuses on digital services and solutions.
Source: Coverager
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