Allianz X, the digital investment unit of insurer the Allianz Group, has invested in US-based telehealth solutions leader American Well, and joined its board of directors. The US$59.2-million investment and strategic partnership will develop digital solutions to widen access, lower cost and improve quality of healthcare for millions of patients worldwide.
Allianz and American Well will build on American Well's platform and leverage Allianz's international expertise, combining wearable sensors, remote monitoring, and virtual visits in the development of digital health solutions. The partnership will work with local stakeholders to deliver healthcare to developed and emerging markets alike, addressing local regulations, clinical preferences and financing choices.
“Our customers' needs are at the heart of everything we do,” said Christof Mascher, member of the board of management of Allianz SE and COO. “We serve people across the globe anytime, anywhere, 24/7. The innovative technology offered by American Well complements our variety of trusted services and supports our customers in the digital world.”
“Allianz X's investment with American Well will result in better access, lower cost and more connected care for our customers through a leading-edge health platform. This collaboration emphasises Allianz's commitment to digitalisation, our goal of investing in digital frontrunners and encourages advancements within the whole healthcare ecosystem,” said Solmaz Altin, chief digital officer of Allianz Group.