Zurich completes acquisition of supplemental health insurance provider
As medical costs continue to rise and employers shift to high-deductible plans, supplemental health insurance products can help employees cover deductibles and co-pays, protecting them from unexpected out-of-pocket expenses. The acquisition of SIS expands ZAIC's ability to deliver supplemental health insurance products and services, particularly gap medical, that are increasingly part of employer benefit packages.
"SIS has been delivering supplemental health products and services for over 34 years and deeply understands the needs of employers and employees in this growing market segment," said
The SIS work force, numbering approximately 70 employees in
"
"Financial discipline has allowed our businesses to identify and move on market opportunities that deliver on our strategy and build on our strengths," said
ZAIC's Accident and Health products for employers and other groups include voluntary benefits, travel insurance and assistance, gap medical, medical stop-loss, occupational accident and student accident insurance. The acquisition of SIS expands ZAIC's ability to deliver not only gap medical but also occupational accident and primary employer indemnity insurance.
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