|AIG’S AMERICAN LIFE INSURANCE COMPANY TO OFFER SECOND OPINIONS TO INSUREDS VIA THE WORLDCARE GLOBAL E-HEALTH NETWORKTM|
|NEW YORK, May 9, 2000 - American Life Insurance Company (ALICO), a member company of American International Group, Inc. (AIG), has entered into an agreement with WorldCare, Inc. to provide personalized second opinion consultations to ALICO individual and corporate clients residing in various countries outside the United States.|
Through the WorldCare Global e-Health NetworkTM, WorldCare Consortium hospitals will provide second opinions to ALICO-insured employee group members and individuals that elect the WorldCare services. By utilizing digital technology, the Internet and private electronic networks, WorldCare will ensure the secure transmission of appropriate medical records of ALICO policyholders to physicians and specialists at WorldCare Consortium Hospitals.
The WorldCare Consortium consists of The Cleveland Clinic Foundation; Duke University Health System; Johns Hopkins Medicine; and Partners HealthCare System, Inc., including Massachusetts General Hospital, Brigham and Women's Hospital, Dana-Farber/Partners CancerCare, and other leading teaching hospitals of Harvard Medical School.
Greg Arms, ALICO Vice President and Group Management Division Director, said, "We look forward to offering our clients specialist medical opinions managed and delivered in a timely and effective manner. WorldCare's leadership and experience in the field, and its alliance with four renowned U.S. medical centers, brings to ALICO insurance clients the kind of high quality benefit that ALICO provides to its policyholders."
"For the first time a major insurance company and an e-health pioneer are working together to provide access to expert second opinions from some of the world's best hospitals to patients around the globe regardless of the local medical infrastructure," said Nasser Menhall, CEO of WorldCare. "This contract underscores the potential for convergence of e-healthcare and insurance. This represents a paradigm shift in global healthcare, and a major breakthrough in e-health."
WorldCare consortium hospitals are staffed by more than 8,000 physicians, specialists and sub-specialists representing all fields of medicine, funded by an annual research budget in excess of $1 billion. To date, WorldCare has processed more than 10,000 second opinions. Consortium hospitals are also shareholders of WorldCare.
American Life Insurance Company (ALICO), incorporated in Delaware, is one of the largest international life insurance companies in the world, with more than $216.5 billion of life insurance in force as of December 31, 1999. ALICO holds Standard and Poor's highest financial strength rating, AAA, and a Aaa insurance financial strength rating from Moody's. ALICO and its branches, affiliates and subsidiaries market a broad range of life and other insurance products through a network of some 24,000 agents and brokers in approximately 50 countries worldwide. American International Companies' Group Management Division provides employee benefit programs to multinational and indigenous companies worldwide.
AIG is the leading U.S.-based international insurance and financial services organization and the largest underwriter of commercial and industrial insurance in the United States. Its member companies write a wide range of commercial and personal insurance products through a variety of distribution channels in approximately 130 countries and jurisdictions throughout the world. AIG's global businesses also include financial services and asset management, including aircraft leasing, financial products, trading and market making, consumer finance, institutional, retail and direct investment fund asset management, real estate investment management, and retirement savings products. American International Group, Inc.'s common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.
WorldCare, Inc., a subsidiary of WorldCare Limited, facilitates e-healthcare through the delivery of highly specialized and personalized electronic second medical opinions from the best medical centers in North America to local attending physicians for the benefit of their patients. Founded in 1992 through a joint effort with Massachusetts General Hospital, WorldCare maintains co-headquarters in Cambridge, Massachusetts and Paris, France, with regional offices in Kuala Lumpur, Malaysia, Rio de Janeiro, Brazil, and Dubai, United Arab Emirates. WorldCare can be found at www.worldcare.com.