SiriusPoint’s Life Reinsurance Group has rolled out a brand new medical insurance coverage product, Blue Ocean LifeTime, in China to spice up entry to reasonably priced medical care.

The corporate launched this product in partnership with worker options supplier Additional Group, insurance coverage and healthcare know-how platform WaterDrop, and China Pacific Well being Insurance coverage.

Blue Ocean LifeTime is meant to be used by roughly 200 million prospects of WaterDrop.

This medical insurance coverage coverage will give customers entry to overseas medical companies, that are exhausting to acquire in any other case.

It would additionally give prospects entry to new most cancers therapies, specifically Boron Neutron Seize, a focused radiation remedy.

SiriusPoint Life Reinsurance head Florian Boecker mentioned: “Blue Ocean LifeTime is well-positioned to supply cowl on this widening hole between what’s medically potential and what’s lined by different types of insurance coverage.”

“Non-public medical insurance coverage has now turn into an essential a part of the nationwide healthcare system in China resulting from its complete protection and reasonably priced value.

“It’s nice to associate with WaterDrop, Additional Group and China Pacific Well being Insurance coverage to spice up the insurance coverage pool and to make accessing specialist remedies abroad that a lot simpler for the policyholder.”

SiriusPoint lately collaborated with Air Centurion Insurance coverage Providers, an aviation insurance coverage programme administrator.

Beginning this month, Bermuda-based SiriusPoint will present capability to the aviation insurance coverage supplier.

The (re)insurance coverage firm will even collaborate with the PA on underwriting technique and the event of insurance coverage options.