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 Debt Series Part 2: Interest rates - unpacked

In the second part of our Debt-ucate series we explore interest rates –from how to get a better rate to what influences it, and how this affects the cost of your debt.

Debt counselling – the two sides of the coin

Being overindebted doesn’t just put a strain on your personal finances; it also puts a strain on your state of mind. The best solution is to start the process of debt counselling so that you can escape the debt cycle. But what are the ups and downs of joining this debt relief programme?

Travel ban – how to claim for the loss incurred

As with the recent Covid-19 pandemic, governments sometimes issue travel bans to prevent people from travelling to other countries. This becomes even more complicated if you’ve already planned and paid for your trip. Your flights will be cancelled, and you may lose money from cancelled accommodation arrangements. How do you claim for the financial losses incurred due to a travel ban?

How to finance and insure a second-hand vehicle

Buying a second-hand vehicle may suit your budget better than acquiring a new one. But what impact does an older model have on vehicle finance and car insurance? We reached out to specialists in the field to explain what the financial implications are of pursuing a second-hand vehicle.

Deals

Get 30% back when you fill up with your Absa card

Price: Available on request
When: Daily
Where: Nationwide

Get 50% back in eBucks when you apply for an FNB home loan

Price: Available on request
When: Daily
Where: Nationwide

Get 50% off your online fees when you pay with Capitec card

Price: Available on request
When: Daily
Where: Online