Prudential's (PRU) Unit Expands Travel Assistance Offerings
Zacks Investment Research | Jan 15, 2020 10:06PM ET
Prudential Financial Inc.’s (NYSE:PRU) subsidiary The Prudential (LON:PRU) Insurance Company of America has selected International Medical Group (IMG) to offer agents and members of Prudential more travel assistance offerings and a new insurance product.
Founded in 1990, IMG is a group of health service companies with regional reputation for customer focus, innovation and quality patient care. IMG offers a full line of international medical insurance products as well as trip cancellation programs, stop loss insurance, medical management services and a 24/7 emergency medical and travel assistance.
IMG, with its vast experience in coordinating and managing care through wide health networks as well as complex medical transports and assistance cases, is providing an array of services ranging from emergency medical transport, medical assistance, travel assistance to security assistance services among others, which are now included in the travel assistance service portfolio of Prudential effective 2020.
As far as IMG is concerned, the combination of its cross-border resources with Prudential’s offerings all over the market is likely to enable both entities mete out better products and services to those in need.
The offerings of Prudential comprise identity theft assistance, increased trip duration, rise in political and natural disaster evacuation services plus telemedicine capabilities.
Prudential Group Insurance has been catering to travel assistance requirements for the past many years. With unique features from IMG, the company is expected to provide better and more enriched financial wellness solutions to customers. IMG enabled Prudential to provide an out-of-country medical plan for employees shifting abroad.
Shares of this Zacks Rank #3 (Hold) multi line insurer have gained 3.5% in a year’s time, underperforming the Zacks Investment Research
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