Health insurance and benefits provider LivWell on Tuesday in HCM City signed an agreement with California Fitness & Yoga to create a unique health insurance and benefits solution for all of Viet Nam.
Under the agreement, a campaign called “One Life Live Well” will be created by California Fitness to provide a wellness ecosystem that keeps people engaged with their health for members of LivWell – an all-in-one insurtech and health app that integrates various health offers and services.
”We will be partnering with LivWell on our "One Life Live Well" campaign which focuses on four key elements that make up a healthy and happy life, including: good connections, good eating, good exercise, and good fun, aiming to inspire and encourage people to make positive changes in their lives and exercise,” said Dean Ramos, COO of California Fitness.
The agreement is an expansion of the partnership between LivWell and California which started since 2022 with the aim of implementing a digital transformation of the member experience at California Fitness & Yoga and extend micro-insurance to all California Fitness members.
“Our goal is to create a wellness ecosystem that keeps people engaged with their health. If people are actively striving to be healthy, then we know they will get sick less often - and hence claim less,” said Pedro Baliza, CEO of Livwell Vietnam.
“We want to make pricing clear and transparent by using health data to map out who should be paying less for their insurance policy and provide them with a quote that is unique and tailored to their health patterns. This means most people will be able to save on their policies - and that is our end mission,” Baliza continued.
While the consumer side was one of its main focuses up until the beginning of this year, the company has also seen major interest from corporations. LivWell reports that it is averaging over 20 new companies each month looking to onboard their staff for LivWell One, to the point where it is presently working to onboard a waitlist of enthusiastic corporations.
“2023 is shaping up as a banner year for LivWell,” Baliza continued. “The months ahead will see a series of new announcements that will expand our offerings in insurance and personal finance.” — VNS