South African insurer Discovery has announced a joint venture with two Australian companies to create a health insurance brand and to expand the footprint of its behaviour tracking programme. The players are Australia’s largest life insurer, AIA Australia, and non-profit health and care company, GMHBA.
Barry Swartzberg, CEO of Vitality Group, a subsidiary of Discovery, said in a statement:
"Discovery is pleased to join with AIA Australia and GMHBA to bring this innovative health and life insurance offer to Australians to foster happier, healthier lives.
The joint health insurance brand will initially offer insurance and AIA Vitality, rolling out life insurance later on.
No financial information about the deal has yet been released.
Pictured: Deon Viljoen, Discovery CFO. Deon joined Discovery from Alexander Forbes on 1 May this year.
