Your otherwise excellent article on Discovery’s new bank neglected to mention the real strength of the company’s business model: risk consolidation. By integrating health insurance, life insurance and short-term insurance, Discovery has a holistic view of a client’s risk profile, which can then be accurately priced. This means lower premiums and, thanks to the use of behavioural economics, a steady stream of rewards for good-risk behaviour.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.