Operational footprint
Discovery’s specialisation profile and geographical spread
Discovery operates in insurance and wellness markets in South Africa, the United Kingdom and the United States of America. The company was established in South Africa in 1992 as a specialist risk manager in the private healthcare market. Today, it is a fully integrated financial services institution spanning health assurance, life assurance, financial services and wellness.
Group operating structure
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100% South Africa’s leading manager of private healthcare funds Established in 1992 |
100% Science-based wellness programme, competitive differentiator and value creator Established in 1997 |
100% South Africa’s fastest growing major life assurer and leader in risk protection Established in 2000 |
100% Provider of innovative long-term savings solutions Established in 2007 |
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Discovery Health and Discovery VitalityNew business annualised premium income
Contribution to group new business 54% |
Discovery LifeNew business annualised premium income
Contribution to group new business 26% |
Discovery InvestNew business annualised premium income
Contribution to group new business 7% |
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50% UK-based health insurer leading change in the UK private medical insurance market Established in 2004 |
50% UK-based life assurer. Provider of pure-risk protection products Established in 2007 |
99% Discovery has completed the wind-down of Destiny Health with the Vitality programme retaining some presence in the US market Established in 2000 |
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PruHealthNew business annualised premium income
Contribution to group new business 10% |
PruProtectNew business annualised premium income
Contribution to group new business 2% |
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New business annualised premium income (“new business API”) measures the annualised premiums generated by clients who have purchased Discovery products over the past financial year.