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SINGAPORE, June 13, 2012 — Aetna (NYSE: AET), a leading global diversified health care benefits company, announced today that it has received a license to begin selling health insurance in Singapore. Aetna is now marketing health policies for groups and individuals in Singapore.
“We’re very pleased to offer our insurance products in Singapore,” said Derek Goldberg, Aetna International’s managing director for Southeast Asia. “Singapore is a very attractive market for Aetna. It has a vibrant, growing economy and a large number of expatriates and local residents who may need global or regional health care coverage.”
In addition, Singapore is the perfect regional hub from which to develop further business opportunities in Southeast Asia, Goldberg noted. Upon receiving the license, Aetna introduced its flagship International Healthcare Plan (IHP) to the Singapore market. IHP provides comprehensive health benefits aimed primarily at customers who travel extensively or live outside of their country of origin. In addition, a new Aetna benefits product, Aetna Healthy Aessentials, made its debut in Singapore ahead of a planned worldwide roll-out. The new health plan is targeted to customers who require regional coverage, and fills a market gap between existing local plans and high-end global plans like IHP. According to Michael Elliott, general manager for Aetna’s Asia-Pacific region, Aetna’s entry into Singapore demonstrates the company’s commitment to growing its business in the region. “Aetna aims to be the global leader in empowering people to live healthier lives. By leveraging our 158 year history and experience as a global leader in health care, we believe we have a lot to offer to the Singapore and Southeast Asian markets in terms of product and service innovation.” Elliott added that Aetna also will offer technology-enabled health management services in Singapore and regionally. About Aetna International
Aetna International is committed to helping create a stronger, healthier global community by delivering comprehensive health benefits and health management solutions worldwide. Aetna International's expatriate business is one of the industry's largest and most prominent international health benefits providers, supporting more than 430,000 members worldwide. The organization’s expatriate offerings include medical, dental, vision, life, disability and emergency assistance. Aetna International’s health management business collaborates with health care systems, government entities and plan sponsors around the world to design and build locally-applied health management solutions to improve health, quality and cost outcomes. For more information, see www.aetnainternational.com. About Aetna
Aetna is one of the nation's leading diversified health care benefits companies, serving approximately 36.1 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities, Medicaid health care management services and health information technology services. Our customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups and expatriates. For more information, see www.aetna.com.
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