Providing Accessible and Affordable Healthcare across Asia
HONG KONG, CHINA / LONDON, UK - Media OutReach - 2 August 2018 - Prudential Corporation Asia ("Prudential")
(2378.HK) today announced it has entered into an exclusive partnership
agreement with UK-based healthcare technology and services company Babylon
Health ("Babylon"). Babylon's artificial
intelligence ("AI") expertise will be made available to existing and new
customers of Prudential across Asia marking a step change in Prudential's
commitment to provide digital health services making healthcare affordable and
accessible across Asia.
Prudential is a leading provider of
medical insurance in Asia, with over five million health customers and premium
income exceeding £800 million in 2017. Based in the UK,
Babylon offers a world-leading suite of AI-powered health services, including
personal health assessment and treatment information, empowering users to
proactively manage their health. Through the deployment
of cutting-edge AI technology, the Prudential-Babylon proposition will offer customers
in up to 12 markets in Asia 24/7 access to a comprehensive set of digital health
tools, complementing Prudential's existing suite of world-class protection
Nic Nicandrou, Chief Executive of
Prudential Corporation Asia, said: "At Prudential, we strive to help customers
lead healthier and more secure lives. The strategic partnership with Babylon is
consistent with our ambition to address the unmet healthcare needs in Asia where
the majority of the population are uninsured or underinsured, alongside an
ageing population and escalating medical costs. This partnership accelerates
our efforts to provide customer-centric, cost efficient and scalable health and
wellness digital services to customers in the region."
"We are significantly expanding our role
from protection to encompass the prevention and postponement of adverse health
events. By empowering customers with
self-help tools and real-time health information, we believe the
Babylon-enabled platform will inspire them to take an active role in understanding
and managing their current and future health
needs. Prudential remains committed to help both consumers and governments find
efficient solutions to expand access to quality healthcare across Asia."
Dr Ali Parsa, Babylon's Founder &
CEO, said: "Prudential is one of
Asia's leading insurance providers, where its brand is synonymous with
trust. We find it humbling that after a lengthy search, Prudential's forward-looking
leadership has put its trust in Babylon as its partner. Both organisations share
the same mission, which is to make healthcare accessible and affordable to
everyone on Earth. We look forward to working with one of the most
innovative leadership teams in insurance, as they work to build on their strong
legacy in Asia and continue in their contribution of enhancing the well-being
of its people."
details and launch dates for Prudential's Babylon-enabled health services will
be announced later in the year.
ABOUT PRUDENTIAL CORPORATION ASIA
Corporation Asia is a business unit of Prudential plc (United Kingdom),
comprising its life insurance operations in Asia, and its asset management
business, Eastspring Investments. It is headquartered in Hong Kong.
is a leading life insurer that spans 12 markets in Asia, covering Cambodia,
China, Hong Kong, India, Indonesia, Laos, Malaysia, the Philippines, Singapore,
Taiwan, Thailand and Vietnam. Prudential has a robust multi-channel
distribution platform providing a comprehensive range of savings, investment
and protection products to meet the diverse needs of Asian families.
Investments manages investments across Asia on behalf of a wide range of retail
and institutional investors. It is one of the region's largest asset managers,
with a presence in 10 major Asian markets plus distribution offices in the US
and Europe. It has £139 billion (c. US$188 billion) in assets under management
(as at 31 December 2017), managing funds across a range of asset classes
including equities and fixed income.
information, please visit: www.prudentialcorporation-asia.com
ABOUT PRUDENTIAL PLC
plc is incorporated in England and Wales, and its affiliated companies
constitute one of the world's leading financial services groups. It provides
insurance and financial services through its subsidiaries and affiliates
throughout the world. It has been in existence for 170 years and has £669
billion in assets under management (as at 31 December 2017). Prudential plc is
not affiliated in any manner with Prudential Financial, Inc, a company whose
principal place of business is in the United States of America.
plc is listed on the stock exchanges of London (PRU.L), Hong Kong (2378.HK),
Singapore (K6S.SG) and New York (PUK.N).
ABOUT BABYLON HEALTH
mission is to put an accessible and affordable health service in the hands of every
person on earth. Babylon uses a combination of cutting-edge AI technology and
the best available medical expertise to deliver 24-hours-a-day, 7-days-a-week
access to digital health tools (including health assessment, triage and health
tools), with over 3 million members across Europe, North America, Asia, the
Middle East and Africa, as well as video doctor consultations.
more information, please visit: www.babylonhealth.com
is in respect of up to 12 health, life and pension markets in Asia.