MAPFRE and Bupa have joined forces to offer international health insurance in Latin America, first in Peru, then in Uruguay and Paraguay, with joint opportunities in other neighbouring countries also being studied.
The agreement is set to last for a decade and will automatically extend for an additional five years thereafter.
The two firms suggest that this is proof of their dedication to creating a long-lasting relationship.
The partnership will allow MAPFRE and Bupa clients access to quality healthcare products and services, which will begin to be marketed in March.
Further, as part of the global offering, policyholders will be able to make use of the extensive medical provider network through Bupa, which currently serves more than 40 million customers worldwide.
Jesús Martínez Castellanos, CEO of MAPFRE in Latin America, commented, “This alliance between MAPFRE, the number one insurance company in Latin America, and Bupa, a world leader in health insurance, is an unbeatable combination that underpins our leadership position and will allow us to expand our offering in the region through the Health line, a highly sought after product.”
Iñaki Peralta, CEO of Bupa Europe and Latin America added, “Together with MAPFRE, we are launching our offer in Peru, then Paraguay and Uruguay, but we hope to expand it to other countries in the region as well to provide clients with international healthcare solutions designed to meet their healthcare needs as citizens of the world.
“As Bupa does around the world, we are always working to form strong alliances, advance the growth of our markets and better serve our customers.”
