Allianz in January 2018 invested $59.2 million in Boston, Massachussets-headquartered U.S. telehealth platform American Well.

Allianz carried out the investment through its digital investment unit, Allianz X, supported by the Health Innovation Center of Allianz Partners. Furthermore, Allianz will join American Well’s Board of Directors.

American Well’s telehealth platform, called The Exchange, handles clinical, administration, and security requirements according to U.S. healthcare regulations and best practices. In addition to The Exchange, the company offers a direct-to-consumer service, Amwell.

The partners announced they would develop digital health solutions based on American Well’s platform and combining wearable sensors, remote monitoring, and virtual visits. They together plan a global deployment, addressing both developed and emerging markets. Therefore, the products will be adapted to local regulations, clinical preferences and financing choices.

American Well website