Zurich LiveWell to acquire digital health and wellbeing service providers

Zurich Insurance Group is to acquire two digital health and wellbeing service providers, based in Australia and South Africa. Zurich will purchase HealthLogix, based in Australia, and HealthInsite, based in South Africa, from the founders of the companies. The two companies are jointly known as HLX, and the acquisition will further expand Zurich’s LiveWell health and wellbeing business. According to Zurich, the two companies offer customers a range of mobile applications and web-based health and wellbeing solutions for corporate employees and retail customers. “These solutions promote improved engagement and productivity through the incorporation of health risk assessments, physical activity and biometric tracking, behavioural change challenges that reduce lifestyle risk, sophisticated rewards systems and personalised content around physical, mental, financial and social health,” said Zurich. Helene Westerlind, CEO of Zurich LiveWell, said: “The acquisitions will boost Zurich’s capabilities to deploy innovative health and wellbeing offerings to customers across markets globally with a scalable and modular proposition, aligning with the accelerating global adoption of health technology. We share a strong passion and the objective of truly empowering people to improve their health and wellbeing by providing them with a personalised and unique proposition. This is a perfect match for Zurich LiveWell and we look forward to our journey together.” Zurich LiveWell was created earlier this year under the working name of WellCare, to bring together the group’s existing health and wellbeing initiatives and expand the services into new markets. The new name is the brand under which it is already operating in Australia and Spain and will now be used globally, said Zurich. Zurich LiveWell will be part of Zurich’s new Global Business Platforms unit, which focuses on digital services and solutions. Zurich explained that it has worked closely with HLX since 2018, providing its corporate and retail customers with wellbeing solutions in Australia, Brazil and most recently in Spain. The transaction, which is subject to foreign investment approval in Australia, “will strengthen Zurich LiveWell’s technology, data analytics and multimedia content delivery capabilities”, said Zurich. Dr Denis Cronson, co-founder and current CEO of HLX, will take on the role of chief sales and distribution officer for Zurich LiveWell. Zurich said Dr Cronson will be responsible for building and delivering the go-to-market strategy as well as developing and managing the global LiveWell sales and distribution models in the corporate and retail business. In addition, Sally Phillips has been appointed chief product and proposition officer, Zurich LiveWell, and will join Zurich in November from Australian life insurer TAL, where she was most recently general manager, health services. She will be based in Sydney. Michael Bischof has been appointed chief operating officer of Zurich LiveWell. He will join the company in December and will be based in Zurich.

Zurich LiveWell to acquire digital health and wellbeing service providers

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