Guiding consumers since 2009

Discovery hails UK insurance venture

By Staff Writer

Sure Kamhunga

Companies Editor

THE joint venture between Discovery Health and UK insurer Prudential, formed to market health insurance in the UK, has been so successful it now covers more than 160000 lives in just under four years of operation, PruHealth chief operating officer Trent Rossini said yesterday.

He said he expected a solid showing in the coming months as the company grew and consolidated its market share.

The UK business was being backed from Discovery head office, in Johannesburg, from where all operations and software development were run.

“The (UK) business fundamentally relies on software to support its offshore nature," he said. The partnership with Prudential was based on leveraging the UK company's brand, its financial credibility and established distribution relations.

In turn, Discovery brought its expertise in management of consumer healthcare, “specifically adding wellness and product innovation as a competitive advantage", he said.

In the past six months, the key technological focus had been to migrate the website to a more sophisticated platform.

Rossini said the company had managed to respond to the demands of the UK market partly by gaining insight into the target market characteristics and by product innovations.

“The year ahead promises to be as challenging as we offer more services online,” he said.

Recent Articles

Featured Calculate your vehicle finance instalments

You’ve dreamed of a set of wheels since you can remember, and now that you’re a responsible adult with a steady income, you’re ready to take on funding to make this dream a reality. But what kind of vehicle finance options are available to you? Justmoney gives you the rundown.

Check the interest before you take a loan

Justmoney takes a look at what influences the interest rate on a personal loan, the difference between secured and unsecured loans, and its impact on the interest rate.

One retirement, so many funds – pick the right one

Saving for retirement should be one of your priorities. However, it can be confusing to choose between a pension fund, provident fund, preservation fund, or a retirement annuity if you’re not familiar with them.

Which funeral cover lays your worries to rest?

A funeral can be as expensive as R50,000, depending on the type of funeral you want. That is why purchasing funeral cover is important. However, you don’t have to accept every offer that is put on the table. Shopping around can save you a large amount of money.

Deals

Telkom August Big Deal

Price: R249 per month
When: Until 31 August
Where: Nationwide

KFC Streetwise Winter Treat

Price: R99
When: Until 30 August
Where: Online

20% off for Nedbank cardholders at aha hotels

Price: Available on request
When: Daily
Where: Nationwide