14/11/2020

Discovery Limited is a South African-founded global, integrated financial services organisation that operates in health insurance,
life assurance, long-term savings and investments, short-term and business insurance, and banking. The Group leverages its leading
behaviour-change platform, Vitality, to guide people and incentivise them for better health, driving and financial behaviour.
Founded in 1992, Discovery has always had a clear core purpose – to make people healthier and to enhance and protect their lives.
As a purpose-led organisation, Discovery aims to bring a global transformation to financial services as a market disruptor in the
Shared-value Insurance category and as a powerful force for social good. To pursue this goal, Discovery employs Shared-value
Insurance, with Vitality at the foundation, across businesses in its primary markets and partner markets to change and motivate
behaviours that benefit clients, insurers and society.

 

With headquarters in Sandton, South Africa, Discovery currently impacts 25 million lives globally in 22 countries and has more
than 12 000 permanent employees. In its primary markets of South Africa and the United Kingdom, Discovery owns and operates
the financial service provider or insurer. In its international markets, Vitality Group builds composites for financial services through
contractual partnerships with Shared-value Insurance at the centre. Insurers operating in Shared-value Insurance have a mandate
to increasingly harness the geographic diversity, scale and innovations of the Vitality behaviour-change platform to positively
impact clients, insurance partners, and societies they serve.

 

Discovery has been recognised for its economic contribution and has received numerous local and global awards for
innovation in behaviour change, healthcare and life assurance. In 2020, Discovery was named Global Innovator at
the 2020 Efma-Accenture Innovation in Insurance Awards and was heralded as a perfect example of how to create
shared value in an article published in Harvard Business Review.

 

This recognition affirms the Group’s ambition to build brilliant businesses that have the potential to transform the
industries in which it operates through Shared-value Insurance. Discovery invests significantly in innovation and
business development and continually delivers robust financial performance and growth across businesses and
markets where it operates. Discovery is an authorised financial services provider and trades under the
code “DSY” on the Johannesburg Securities Exchange.