A reinsurer hopes to take advantage of opportunities to help cover the health of people in China.
Swiss Reinsurance Company, Zurich, has received permission from Chinese regulators to form Beijing Prestige Health Consulting Services Co. Ltd., Beijing, a “third party administrator” that will administer employer-sponsored health plans and other plans in China.
Swiss Re will own all of Beijing Prestige, but Beijing Prestige will operate independently, Swiss Re says.
CheeKok Poh, who has been running the medical insurance business in Swiss Re’s Beijing branch, will be the chief executive of the TPA firm, Swiss Re says.