Global insurance company MAPFRE has partnered with Bupa to offer international health insurance in Latin America.
MAPFRE is a multinational insurance group, the company describes itself as a benchmark insurer in the Spanish market and the number one insurance group in Latin America.
The partnership will cover the Latin American region, starting in Peru before being extended to Uruguay and Paraguay and will last for ten years. It will automatically renew for five more years.
According to the companies, the alliance combines their respective strengths and experiences of both companies and will gradually increase their penetration of the region’s health markets to offer access to top-level international medical care.
Additionally, Bupa and MAPFRE clients will enjoy access to the highest quality health care products and services.
As part of the global offering, policyholders will be able to make use of the most extensive medical provider network through Bupa, an international healthcare company, serving more than 40 million customers worldwide.
Jesús Martínez Castellanos, CEO of MAPFRE in LATAM, said, “This alliance between MAPFRE, the number one insurance company in Latin America, and Bupa, a world leader in health insurance, is an unbeatable combination that underpins our leadership position and will allow us to expand our offering in the region through the Health line, a highly sought after product.”
Iñaki Peralta, CEO of Bupa Europe and Latin America, added, “Together with MAPFRE, we are launching our offer in Peru, then Paraguay and Uruguay, but we hope to expand it to other countries in the region as well to provide clients with international healthcare solutions designed to meet their healthcare needs as citizens of the world. As Bupa does around the world, we are always working to form strong alliances, advance the growth of our markets and better serve our customers.”
Last year, InsurTech company Tractable partnered with MAPFRE to apply AI solutions to auto claims.
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