Major deal to expand Swiss Life’s global employee benefits

Aetna Swiss Life partnership

Swiss Life has signed a deal with Aetna to offer clients greater insurance services for the U.S.

Aetna and Zurich-based Swiss Life have formed a partnership to offer Aetna’s international and domestic health care benefits to Swiss Life’s international customers.

From September 1, Aetna will join the Swiss Life Network as its partner for the United States. Swiss Life offers comprehensive international employee benefits packages to multinational companies through its Swiss Life Network. The Network is an association of over 60 insurers working across 70 countries.

“As a leader in health care solutions in the U.S. and for the expatriate market, Aetna will enhance our ability to provide multinational companies with the very best in employee benefit packages, said Margrit Schmid, CEO of Swiss Life Network.

“Aetna’s strength in health management analytics, technology and wellness solutions also holds great possibilities for us to provide even broader solutions for our customers in the future.”

Under the new partnership Aetna will offer a portfolio of insurance products to Swiss Life’s multinational customers designed to meet the needs of their U.S. workforce. The services offered will focus on expatriate health cover for Americans living and working abroad. In addition, Swiss Life clients can access Aetna’s domestic products and services for their U.S.-based workforce.

“Swiss Life and Aetna complement each other well,” said Schmid. “Swiss Life is recognized for its risk protection, pension management and strong base in Europe, while Aetna is recognized for its health coverage and strong base in the U.S.”

The partnership will also open a new channel for Aetna’s short-term international health coverage for business travellers, WorldTraveler. Swiss Life has chosen WorldTraveler to be the group travel coverage offered to its clients worldwide.