AIA Singapore and NHG Health have signed a Memorandum of Understanding (MoU) to collaborate on initiatives aimed at strengthening Singapore’s healthcare system. Announced on 24 September at Khoo Teck Puat Hospital, the partnership focuses on developing innovative healthcare solutions, delivering Value-Based Care (VBC), and improving population health.
The collaboration, signed by AIA Singapore CEO Wong Sze Keed and NHG Health CEO Joe Sim, seeks to ensure long-term sustainability and affordability of healthcare for Singapore residents. “Our partnership with NHG Health marks another significant step in our unwavering commitment to the health and well-being of Singapore residents,” said Wong. She emphasised the potential for co-creating solutions that enhance care quality and affordability.
Sim highlighted the importance of aligning financing with healthier behaviours, stating, “This collaboration will enable us to align financing with healthier behaviours, drive prevention and early intervention so that both individuals and our health ecosystem benefit from cost efficiencies and better quality of life.”
This initiative builds on AIA Singapore’s ongoing efforts to innovate and expand its health and wellness offerings. In 2024, AIA introduced teleconsultations, mental wellness services, and enhanced corporate insurance policies, benefiting over 1.3 million employees in Singapore.
The partnership is expected to play a crucial role in addressing the health challenges facing the community, reinforcing both organisations’ commitment to empowering individuals to live healthier, longer, and better lives.
