Allianz has entered a strategic partnership with telehealth platform American Well, injecting $59.2m through two subsidiaries as part of the deal.

US-based telehealth platform operator American Well secured $59.2m in funding on Monday led by insurance provider Allianz’s digital investment unit, Allianz X, as part of a strategic partnership agreement.

Allianz Partners, the business-to-business-to-consumer arm of Allianz, also contributed funding, through its Health Innovation Center.

Founded in 2006, American Well operates a telehealth platform that allows patients to consult doctors, medical specialists and other healthcare providers through secure video chat.

The platform conforms to clinical, administrative and security requirements in the…