Tawuniya and Aetna Form Strategic Alliance

  Tawuniya and Aetna Form Strategic Alliance

Business Wire

RIYADH, Saudi Arabia -- May 14, 2013

The Company for Cooperative Insurance (Tawuniya), and Aetna (NYSE: AET), a
leading global diversified health care solutions company, have entered into a
strategic alliance to provide health care benefits and services to Saudi
citizens in the Kingdom of Saudi Arabia or abroad and to foreign nationals
living in the Kingdom.

Photograph of Mark Bertolini and Tawuniya's CEO Ali Subaihin taken after the
contract signing. (Phot ...

Photograph of Mark Bertolini and Tawuniya's CEO Ali Subaihin taken after the
contract signing. (Photo: Business Wire)

The multi-faceted relationship will leverage the strengths of both companies
and offer customers living in the Kingdom of Saudi Arabia quality health care
cover, programs and services to better manage their health, and access to
extensive networks of health care providers around the world, among other
benefits.

At a recent contract-signing ceremony held at the Tawuniya head office in
Riyadh, Aetna’s Chairman and CEO Mark Bertolini said, “We are delighted to
collaborate with Tawuniya to provide high-quality global health care solutions
to meet the needs of our customers and theirs. Tawuniya is a firm that shares
our mission to provide easy access to cost-effective, high-quality health
care.”

Tawuniya CEO Ali Subaihin  said, “We are pleased to work with Aetna, a Fortune
100 company, to offer a seamless approach to health care benefits for the many
expatriates living in our country and for our Saudi citizens whether they are
home or abroad. Our arrangement with Aetna fulfills Tawuniya’s ambitious plans
to provide an international medical insurance program for our Saudi customers.
We look forward to more opportunities to cooperate.”

As part of the alliance, Tawuniya is providing in-Kingdom cover for 80,000
Saudi students when they are back home. Aetna provides cover for them in the
United States while they are attending college or graduate school on
scholarships provided by the Saudi Arabia Cultural Mission.

The relationship also offers a joint approach to Tawuniya’s global coverage
for the Saudi Arabian Ministry of Foreign Affairs. Members will have access to
Aetna’s global medical network of more than 100,000 hospitals and doctors
outside of the U.S. and Aetna’s customer service platform.

Members of both groups will be served through Aetna’s Arabic-speaking call
center in Dubai.

Additionally, Tawuniya is providing exclusive services to Aetna’s customers
living in Saudi Arabia, including Council of Cooperative Health
Insurance-accredited cover for Aetna expatriate members residing in the
Kingdom. Aetna members will have access to Tawuniya’s network of more than
1,100 direct-settlement hospitals and medical centers.

Sandip Patel, head of Aetna International, said, “Working together, we can
offer customers comprehensive health care solutions to meet their needs. We
believe our expertise in disease management, wellness and prevention programs
can help people in Saudi Arabia live healthier lives.”

Customers of the Tawuniya-Aetna alliance will have access to Aetna’s broad
range of online tools and services, including a secure website portal to
access and manage their global benefits; mobile and tablet apps to find health
care providers in their area and around the world; health and wellness
information; health and security alerts; and drug and medical information
translation services.

In addition, as part of the relationship with Tawuniya, Aetna is providing
Tawuniya with reinsurance as well as product development consulting.

About Aetna International

Aetna International is committed to helping create a stronger, healthier
global community by delivering comprehensive health benefits and health
management solutions worldwide. Aetna International's expatriate business is
one of the industry's largest and most prominent international health benefits
providers, supporting more than 500,000 members worldwide. The organization’s
expatriate offerings include medical, dental, vision, life, disability and
emergency assistance. Aetna International’s health management business
collaborates with health care systems, government entities and plan sponsors
around the world to design and build locally applied health management
solutions to improve health, quality and cost outcomes. For more information,
see www.aetnainternational.com.

About Aetna

Aetna is one of the nation's leading diversified health care benefits
companies, serving an estimated 44 million people with information and
resources to help them make better informed decisions about their health care.
Aetna offers a broad range of traditional, voluntary and consumer-directed
health insurance products and related services, including medical, pharmacy,
dental, behavioral health, group life and disability plans, and medical
management capabilities, Medicaid health care management services, workers'
compensation administrative services and health information technology
services. Aetna’s customers include employer groups, individuals, college
students, part-time and hourly workers, health plans, health care providers,
governmental units, government-sponsored plans, labor groups and expatriates.
For more information, see www.aetna.com.

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Contact:

Media Contacts:
Aetna
Dubai, UAE
Kathy Hyde, +971-0-44387653
HydeK2@aetna.com
or
Aetna
United States
Marnie Goodman, +1 860-273-2314
GoodmanM2@aetna.com
or
Media Contact:
Tawuniya
Torky Sajjan, +966-1-2186262
TSAJJAN@tawuniya.com.sa