Prudential Corporation Asia has entered into an exclusive partnership agreement with UK-based healthcare technology and services company Babylon Health.
It made the announcement in a Media OutReach-forwarded statement on Thursday.
Under the deal, Babylon's artificial intelligence 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.
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."
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."