Discovery is a proudly South African-founded financial services organisation that operates in the healthcare, life insurance, short-term insurance, long-term savings, banking and wellness markets.
Since inception in 1992, Discovery has been guided by a clear core purpose - to make people healthier and to enhance and protect their lives. We have been able to do this by pioneering the Shared-value Insurance model, which delivers better health and value for clients, superior actuarial dynamics for the insurer, and a healthier society. The success of the model in the markets where we operate has been testament to its importance to society.
Our Shared-value Insurance model
To make people healthier and enhance and protect their lives, we must look at what compromises their health, wealth and safety, and the context we operate in. Our Shared-value Insurance model delivers better health and value for clients, superior actuarial dynamics for the insurer, and a healthier society. Key to delivering on our model, is a deep understanding of the reasons for the shift in the nature of risk.
The nature of risk is behavioural
4
lifestyle behaviours
4
chronic conditions
Responsible for
60%
of all deaths worldwide
5
driving behaviours
3
driving conditions
Responsible for
60%
of fatal accidents
3
financial behaviours
3
outcomes
Responsible for
90%
of South Africans having inadequate retirement funding
5
financial behaviours
3
outcomes
Responsible for
80%
of credit defaults and retirement shortfalls
4
lifestyle behaviours
Responsible for
85%
of personal and household CO2 emissions