Lebara and Allianz Group announce insurance partnership
Lebara, a mobile and media services provider to the world’s migrant community, today announced a partnership with global insurer Allianz Group. The partnership will provide insurance and assistance services to meet the needs of migrants and their families globally.
This collaboration marks a first for a Europe-based mobile operator to provide not only insurance and assistance to its European customers, but also cover their family members abroad.
In a market where, at most, only 1 in 5 people in developing countries are covered by their local public social security systems, there is a clear need to help protect themselves against the risks that they may face.
The first service launched as a result of the partnership, called Second Medical Opinion, is being rolled out to Lebara customers in the UK, for free, from today. The service offers customers the following:
- Second opinion on major medical conditions from a network of experts from around the world
- 24/7 telephone support on health and wellbeing matters
- Free enrollment of two additional family members in the UK or abroad
The UK is home to 2.53 million foreign-born residents from developing countries, each supporting at least 2 family members in their country of origin. The Second Medical Opinion service is facilitated by Best Doctors and will provide timely and valuable support to these migrant workers and their family members.
Lebara Group Chairman and CEO Mr. Yoganathan Ratheesan commented: “I’m proud to announce this partnership with Allianz, which we feel will take the important step of democratising the provision of insurance services. We know that ensuring healthcare is a key priority for the global community of migrants. Quick, simple and cost effective protection of loved ones at home, wherever they are in the world, responds to this core need for our customers born outside of the UK. I am confident our partnership will be well received and appreciated.”
Theo Bouts, Head of Global Life and Health at Allianz Group, added: “Migrants are a large and under-served community to which Lebara, together with Allianz insurance and service companies, can provide excellent protective support. I believe this launch is just the start of how we can benefit migrants globally.”
Soon, Lebara’s UK customers will be able to enroll their loved ones for a wide range of Allianz services, from both home and within some major countries of origin.
To read our in-depth profile on Lebara in this month's issue of Business Review Europe, click here.
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Ultium Cells LLC/Li-Cycle: Sustainable Battery Manufacturing
Ultium Cells LLC - a joint venture between General Motors and LG Energy Solutions - has announced its latest collaboration with Li-Cycle. Joining forces the two have set ambitions to expand recycling in North America, recycling up to 100% of the scrap materials in battery cell manufacturing
What is Ultium Cells LLC?
Announcing their partnership in December 2019, General Motors (GM) and LG Energy Solutions established Ultium Cells LLC with a mission to “ensure excellence of Battery Cell Manufacturing through implementation of best practices from each company to contribute [to the] expansion of a Zero Emission propulsion on a global scale.”
Who is Li-Cycle?
Founded in 2016, Li-Cycle leverages innovative solutions to address emerging and urgent challenges around the world.
As the use of Lithium-ion rechargeable batteries in automotive, industrial energy storage, and consumer electronic applications rises, Li-Cycle believes that “the world needs improved technology and supply chain innovations to better recycle these batteries, while also meeting the rapidly growing demand for critical and scarce battery-grade materials.”
Why are Ultium Cells LLC and Li-Cycle join forces?
By joining forces to expand the recycling of scrap materials in battery cell manufacturing in North America, the new recycling process will allow Ultium Cells LLC to recycle cobalt, nickel, lithium, graphite, copper, manganese and aluminum.
“95% of these materials can be used in the production of new batteries or for adjacent industries,” says GM, who explains that the new hydrometallurgical process emits 30% less greenhouse gases (GHGs) than traditional processes, minimising the environmental impact. Use of this process will begin later in the year (2021).
"Our combined efforts with Ultium Cells will be instrumental in redirecting battery manufacturing scrap from landfills and returning a substantial amount of valuable battery-grade materials back into the battery supply chain. This partnership is a critical step forward in advancing our proven lithium-ion resource recovery technology as a more sustainable alternative to mining, " said Ajay Kochhar, President, CEO and co-founder of Li-Cycle.
"GM's zero-waste initiative aims to divert more than 90% of its manufacturing waste from landfills and incineration globally by 2025. Now, we're going to work closely with Ultium Cells and Li-Cycle to help the industry get even better use out of the materials,” added Ken Morris, Vice President of Electric and Autonomous Vehicles, GM.
Since 2013, GM has recycled or reused 100% of the battery packs it has received from customers, with most current GM EVs repaired with refurbished packs.
"We strive to make more with less waste and energy expended. This is a crucial step in improving the sustainability of our components and manufacturing processes,” concluded Thomas Gallagher, Chief Operating Officer, Ultium Cells LLC.