STEPHEN CRANSTON: Love it or hate it, Discovery remains extremely innovative
Foreigners appreciate Discovery Holdings as a rare example of an inventive insurer in emerging markets
06 March 2025 - 05:00
The early ’90s was a good time to start a disruptive financial services business. In asset management, there was Coronation Fund Managers and the semi-autonomous Investec Asset Management (now Ninety One).
Medical aid was also ripe for disruption. If anything, it was a sleepier industry than asset management, as many of the administrators were family-owned businesses. Medical schemes themselves were mutual societies, with limited scope to underwrite their clients...
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