In an effort to expand on an international level,
) has formed an alliance with Tawuniya, the company for
cooperative insurance in Saudi Arabia.
Per the agreement, Aetna will offer health care benefits and
services to residents of Saudi Arabia.
Along with providing health care benefits and services, the
people of Saudi Arabia will benefit from global services of
Aetna. Aetna's worldwide network of more than 100,000 hospitals
will provide the members with seamless service anywhere across
The expatriates living in Saudi Arabia as well as the Saudi
citizen staying abroad will also be eligible for the service.
Approximately 80,000, Saudi Arabian students currently
studying in United States, will be provided insurance cover by
Aetna. On their return back home their insurance provision can
continue and they will be covered by Tawuniya.
Aetna expatriate members in the kingdom, will be serviced by
Tawuniya. They will have access to the latter's company network
of more than 1,100 hospitals and medical centers.
For easy access the customers have also been provided support
via technology. Online website portal, mobile and tablet apps
will guide members to search and locate services. All the
necessary medical as well as other ancillary information will
also be available online.
Tawuniya is also benefitted by reinsurance facility from Aetna
along with consultation on developing new products.
This deal comes as a strategic step at a time when Aetna is
aggressively diversifying its businesses internationally, which
offers long-term growth profile. The company has also made a
number of small as well as big acquisitions and is poised for
growth in the face of the fast changing health insurance
Other health insurance players
) with Zacks Rank #2 (Buy) are worth considering.
AETNA INC-NEW (AET): Free Stock Analysis
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