Zurich Life announces cooperation with BUPA
Zurich Life International, part of the Zurich Financial Services Group, said on Thursday it was going to co-operate closely with British-based health insurer, BUPA International, on insurance policies for expatriates.
"This cross-marketing deal is part of the group strategy to break up the value chain and outsource areas where we are not strong," said Bernard Schluep, head of Zurich Life International.
The alliance is seen as fitting in with Zurich Financial's stated goal to raise its customer total to 100 million in the future from the present 35 million.
Schluep said the co-operation would centre on offering both groups' customers Zurich Life's savings plans and life insurance policies and BUPA International's health policies in one package.
Zurich Life International, which insures more than 100,000 people worldwide, has annual premium income of more than SFr200 million.
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