- DocDoc and QBE Singapore are collaborating to launch a differentiated group health insurance product – Group Medical Prestige. This product will be offered in Singapore from October 2022 and later in other markets in Asia.
- This collaboration will unify the aspirations of both companies to meet a growing need for innovation in the health insurance market.
- DocDoc will provide members with the personalized information they need to make informed decisions about Asia’s largest and most data-rich physician network. Their data-driven platform uses state-of-the-art clinical informatics and artificial intelligence to optimize the member’s healthcare journey.
- The partnership aims to make legacy approaches obsolete through automation and personalization, reducing inefficiencies and improving the member experience.
SINGAPORE – Media OutReach – October 13, 2022 – DocDoc today announced a collaboration with QBE Singapore to launch a differentiated group health insurance product: Group Medical Prestige. This product will be offered to employers through partnerships with leading brokers in Singapore from October 2022, followed by other Asian markets in the future.
In a market where incumbents are tackling inefficiencies retrospectively, largely with analog systems, Group Medical Prestige represents Asia’s first data-driven proactive health insurance solution. Powered by DocDoc’s artificial intelligence engine: Heuristics for Outcomes, Price and Experience (HOPE), Group Medical Prestige gives its members the personalized information they need to make informed decisions on the network. Asia’s largest and most data-rich physician database.
For DocDoc, this collaboration personifies our evolution from provider of insurance technologies to becoming the primary architect of breakthrough health insurance solutions. For QBE, this collaboration represents an exciting opportunity in Asia’s fastest growing insurance segment and the prospect of becoming the preferred health insurer for employers and their employees.
Cole Sirucek, CEO and Co-Founder of DocDoc, said, “We are delighted to partner with QBE Singapore to advance our collective vision of enabling a more resilient future through innovation. The health insurance market in Asia has seen an increasing number of exits. that underlie issues centered on profitability and scale. We believe this is driven by inherited industry inertia that inhibits innovation and the transition to a member-centric digital approach. DocDoc leverages cutting-edge clinical informatics and artificial intelligence to increase the efficiency of healthcare service management. We aim to make legacy approaches obsolete through automation and customization, reducing inefficiencies and improving member experience. »
Ronak Shah, President and CEO of QBE Singapore, said, “Collaborating with DocDoc confirms our continued commitment to leveraging digital technologies to deliver a user-centric experience for employers and employees. DocDoc’s approach to simplifying the employee care-seeking experience is exactly what the industry needs. Moving forward, we remain focused on building a customer-centric and increasingly digital business.
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About DocDoc
DocDoc is reinventing health insurance for the 21st century and beyond. The company is founded on the fundamental belief that the world needs a better way to access, consume and pay for healthcare. To achieve this, we’ve built a proactive digital insurance platform that learns and improves with every interaction, enabling employers and their employees to achieve optimal health outcomes, efficient pricing, and a personalized, convenient customer experience. . Our end-to-end digital health ecosystem makes it easy for employees to navigate their healthcare journey, from finding the right care to getting medical bills processed and paid quickly.
About QBE Insurance (Singapore) Pte Ltd
QBE has been present in Singapore since 1891. QBE is a trusted provider of specialist expertise and professional insurance services. Our insurance specialists develop cutting-edge, customer-focused products, offering tailored cover to tackle everything from complex risks to simpler, more straightforward insurance needs. QBE Singapore is part of the international division of QBE Insurance Group Limited. QBE Insurance is listed on the Australian Securities Exchange, headquartered in Sydney, and operates in 27 countries.
