Allianz taking over majority of Aetna's international health plans (2024)

Allianz Partners has signed an agreement to take over Aetna International's health insurance portfolio outside the Americas and India. Allianz Ayudhya has also acquired 100 percent of Aetna Thailand.

The Paris-based payer is taking an undisclosed number of Aetna employees to help ensure a smooth transition, according to a May 24 news release.

Members will migrate to Allianz at their policy renewal date, with migration plans in place over the next 12 to 16 months. Brokers and policyholders will be provided with new, comparable policies around 6 to 8 weeks before their renewal date, which begins in July. New customers will be offered policies that match or exceed their current plan. Brokers will receive the same services previously offered by Aetna, and Allianz will also support a pause on underwriting for migrating clients already on those terms. There will also be a free enhanced well-being offering that includes comprehensive coverage of chronic conditions, a second medical opinion, oncology case management and a digital health checkup for preventive care.

Allianz Partners has created a new version of Aetna's Summit product, which will be available to migrating SME Summit and new customers.

Aetna International policyholders do not need to do anything at this stage. Existing coverage and support services remain in place, and members will be contacted in advance of their renewal date.

Allianz taking over majority of Aetna's international health plans (2024)

FAQs

Allianz taking over majority of Aetna's international health plans? ›

On 17 May 2022, Aetna International confirmed that they have entered into a preferred partnership deal with Allianz Partners, a world leader in insurance and assistance. The agreement covers all of Aetna International's regions, with the exception of the Americas, Thailand and India.

Did Allianz buy Aetna? ›

Allianz Partners has signed an agreement to take over Aetna International's health insurance portfolio outside the Americas and India. Allianz Ayudhya has also acquired 100 percent of Aetna Thailand.

Is Allianz insurance legit? ›

The “A+” rating assures prospective customers that Allianz is capable of offering guaranteed, secure coverage from a trustworthy and reputable carrier. Established in 1899, AM Best is one of the oldest rating companies in the world.

Who is Allianz insurance owned by? ›

The parent company, Allianz SE, is headquartered in Munich, Germany. Allianz has more than 100 million customers worldwide and its services include property and casualty insurance, life and health insurance and asset management. In 2013, it was number 25 on the global Forbes 2000 list.

Who is taking over Aetna? ›

CVS Health Completes Acquisition of Aetna, Marking Start of Transforming Consumer Health Experience. WOONSOCKET, R.I., Nov.

Who is the parent company of Aetna? ›

Aetna® is proud to be part of the CVS Health family.

Is Allianz in China? ›

Allianz Global Investors (AllianzGI), a leading active investment manager, announced today that it has obtained approval from the China Securities Regulatory Commission (CSRC) to operate as a wholly foreign-owned public fund management company (FMC) in mainland China.

How strong is Allianz insurance? ›

The Standard & Poor's rating of AA (Very strong)

Does Allianz have a good reputation? ›

In 2023, Allianz continued its rise up the Best Global Brands Ranking, coming in at #31 (+3), retaining its #1 insurer status for the fifth year running and recording a total brand value of 20.85 billion USD.

Is Allianz an ethical company? ›

Company recognized by Ethisphere for the fifth year in a row for commitment to business integrity. MINNEAPOLIS – March 4, 2024 – Allianz Life Insurance Company of North America (Allianz Life) has been recognized as one of the 2024 World's Most Ethical Companies® by Ethisphere for the fifth year in a row.

Is Allianz good with claims? ›

Our Comprehensive Car Insurance customers rated their claim experience 4.4 out of 5 over the last year. See more about what our customers had to say.

Is Allianz an American company? ›

Allianz SE is a global financial powerhouse serving more than 125 million customers worldwide. Allianz SE was founded in 1890 in Munich, Germany.

Why choose Allianz? ›

We offer you maximum peace of mind and security once you take out a trade credit insurance. As part of the Allianz Group, Allianz Trade is a financially stable and exceptionally reliable partner. Allianz Trade has an AA- rating from Standard & Poor´s. We put a dedicated team at your disposal.

Is Aetna being investigated? ›

Insurance Commissioner Dave Jones issues statement confirming Aetna investigation. SACRAMENTO, Calif. — "I have directed the California Department of Insurance to open an investigation of allegations regarding Aetna's practices in denying claims and requests for prior authorization for care.

Did CVS buy out Aetna? ›

Aetna is now officially part of CVS Health. The two companies closed the $69 billion deal on Wednesday, finishing off a vertical merger that makes one of the largest healthcare giants even larger.

Did Aetna buy Humana? ›

HARTFORD, Conn. – Aetna (NYSE: AET) and Humana (NYSE: HUM) have mutually ended their merger agreement following a ruling from the United States District Court for the District of Columbia granting a United States Department of Justice request to enjoin the merger.

Who did Allianz take over? ›

2. Allianz Holdings plc has completed the acquisition of 100 percent of the General Insurance division of Legal & General (L&G GI) for 242 million pounds. This business is being combined with LV GIG, although the Legal & General brand will continue to be used in the UK general insurance market for up to three years.

Who bought Aetna Medicare? ›

On December 3, 2017, CVS agreed to acquire Aetna for approximately $69 billion. 2.

Did Aetna change its name? ›

We're changing our name to Aetna

We're changing our name and logo, but our relationship with you and our members will stay the same.

What insurance does Allianz sell? ›

Annuities, Life Insurance, and Asset Management.

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