September 24, 2019
Shanghai, China – Manulife-Sinochem Life Insurance Co. Ltd. (“MSL”) today announced that it has reached a long-term strategic partnership with Haodf.com (“Haodf”), China’s leading online medical platform. The partnership will provide MSL’s customers with access to the highest quality medical resources in China and further enrich the “health ecosystem” that MSL is committed to offer. At the same time, Manulife Financial Corporation (“Manulife”), the shareholder of MSL, also completed its strategic investment in Haodf.com.
Haodf.com has 210,000 registered doctors, which makes it one of the largest, most respected medical professionals service online network in China. 87% of the doctors registered on the platform are experienced doctors with medium-grade or advanced professional titles, and 73% of the doctors are from first-class state hospitals. MSL’s customers and their family members will have the opportunity to enjoy high-quality services from Haodf, including accessing family doctors, tele-consultations, hospitalization appointments, medical expert services and comprehensive medical treatment. MSL will work with Haodf to develop tailor-made protection products to meet the diversified needs of Haodf’s more than 56 million users.
“In many parts of Asia, including China, health insurance markets are booming," Manulife Asia President and CEO Anil Wadhwani said. “Our clients need high-quality medical services with more immediate response, which is also the reason why we are keen to invest in digital innovation, such as through our strategic investment in Haodf. We intend to leverage the power of technology to help our customers better manage their own health needs.”
“The partnership with Haodf marks an important milestone to differentiate our health strategy and offerings to our customers. We have successfully developed a holistic health management ecosystem, covering healthy lifestyle, healthcare services, online medicine prescription and delivery, as well as medical protection products for our customers,” said Kai Zhang, CEO of Manulife-Sinochem. “By leveraging digital technology, we have enabled our customers across the country to have the privilege of enjoying high-quality medical resources and extended healthcare services further to our protection products. In addition, the partnership will also incubate a series of innovation on healthcare and protection products that will add value to medical services and online medical treatment.”
“Technological innovation has created tremendous opportunities for smart healthcare and the development of the healthcare system. Big data, artificial intelligence and other cutting-edge technologies are playing an increasingly important role in strengthening health treatment and the provision of insurance,” Hang Wang, CEO of Haodf.com, said. “By combining MSL’s extensive experience in promoting health for over two decades together with the advanced medical platform services provided by Haodf, our exciting new cooperation is expected to help drive the transformation of medical services from offline to online, alleviate the current geographical limitations and shortages of medical resources, and accelerate the digitalization and commercialization of health management services.”
MSL has long been an advocate for encouraging customers to acquire more health protection by embracing a healthy and active lifestyle. By combining professional resources and customer insights from both sides, MSL and Haodf will join forces to help transform the healthcare industry and the insurance industry, with the ultimate goal of improving the delivery of quality healthcare services and accelerating the development of a health management ecosystem.
Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. We operate primarily as John Hancock in the United States and Manulife elsewhere. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. At the end of 2018, we had more than 34,000 employees, over 82,000 agents, and thousands of distribution partners, serving almost 28 million customers. As of June 30, 2019, we had over $1.1 trillion (US$877 billion) in assets under management and administration, and in the previous 12 months we made $29.4 billion in payments to our customers. Our principal operations in Asia, Canada and the United States are where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong. Website: www.manulife.com; www.johnhancock.com
Manulife-Sinochem is a joint venture company between Manulife (International) Limited and Sinochem Finance Co., Ltd. (a member of the Sinochem group). It was the first Chinese-foreign joint-venture life insurance company established in China. Manulife-Sinochem began operations in November 1996. Today, the Company has nearly 16,000 professionally trained agents and employees, providing financial and insurance services to 1.8 million customers. Manulife-Sinochem is now operating in 51 cities in Shanghai, Beijing, Guangdong, Zhejiang, Jiangsu, Sichuan, Shandong, Fujian, Chongqing, Liaoning, Tianjin, Hubei, Hebei and Hunan. With over 20 years of successful experience, Manulife-Sinochem is committed to providing strong, reliable, trustworthy and forward-thinking insurance products and services to our clients. Website: www.manulife-sinochem.com
Haodf.com, as one of Hu Dong Feng Technology (Beijing) Co., LTD's website, is a specialized platform in doctor-patient service, who focuses on online graded diagnosis and treatment model. Through the PC side and a plurality of mobile terminal entrance to provide pre-hospital doctor-patient consultation and disease management after hospital for doctors and patients, Haodf establishes close partnerships with the doctors. Website: www.haodf.com
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