Discovery operates in SA in health insurance (Discovery), life insurance (Discovery Life), wellness (Discovery Vitality) and financial services (Discovery Invest and Discovery Bank). It has operations in the UK, US, China, Singapore, the Philippines, Australia, Hong Kong, Thailand and Malaysia. In Canada and Germany as well as France, a similar successful pattern has emerged. The December 2017 interim results showed normalised profit from operations up 19%, core new business annualised premium income (API) up 16% and embedded value up 13%. Discovery Health earnings increased 12%, with initiatives for specialist medical care insurance in the offing. Further investments in technology seek to preclude fraudulent claims and improve risk management. Innovative changes to established products are to be launched this year. Being awarded a contract to administer the BP Medical Aid Society, as of July 1 2018, will also be earnings-accretive. For Discovery Life and Discovery Vitality, owing t...
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