Allianz PNB Life and Maxicare Healthcare Corp. have entered into a long-term partnership to help address the health protection gap in the Philippines.
In a statement, Alexander Grenz, Allianz PNB Life president and chief executive, said his company has forged a partnership with Maxicare to offer a health protection solution considered to be a first of its kind in the industry.
“Maxicare is a trusted name and a pioneer in health and wellness, and our combined strengths will be truly beneficial to Filipinos who deserve the best quality health care protection,” Grenz said.
Globally, Allianz ranked as the world’s top insurance brand, according to the latest Interbrand Global Brand Rankings. It is also one of the world’s most sustainable insurers, according to the Dow Jones Sustainability Index.
Allianz’ presence in the Philippines is backed by its strong bancassurance partnership with the Philippine National Bank (PNB) and a regional partnership with the Hongkong and Shanghai Banking Corporation (HSBC) Ltd. Philippines.
“We share the excitement of Allianz about this partnership. There is a need for a stronger collaboration among health and insurance players in the country to better serve the needs of Filipinos,” Sean Argos, Maxicare president and chief executive, said.
Maxicare is one of leading health maintenance organizations (HMO) in the domestic market. It currently services over 1.5 million members across the country from corporate segment, small and medium-sized enterprises to families and individuals.
Maxicare has more than 56,000 affiliated doctors and specialists, more than 1,000 hospitals and clinics and a growing number of primary and customer care centers in key cities nationwide.