Brief Overview of the Organisation

Since inception in 1992, Discovery has been guided by a clear core purpose – to make people healthier and to enhance and protect their lives. We have been able to do this by pioneering the Shared-value Insurance model. The success of the model in the markets where we operate has been testament to its importance to society. Our Shared-value Insurance model To make people healthier and enhance and protect their lives, we must look at what compromises their health, wealth and safety, and the context we operate in. Our Shared-value Insurance model delivers better health and value for clients, superior actuarial dynamics for the insurer, and a healthier society. Key to delivering on our model, is a deep understanding of the reasons for the shift in the nature of risk which can be summarised as being linked to behaviour change whereby modifiable lifestyle behaviours can reduce risk thereby creating value to be shared by all stakeholders. Shared-value Insurance is exported and scaled through the Global Vitality Network, an alliance of some of the largest insurers across key markets, including Asia-Pacific, Europe, North America and South America. In 2021, Vitality Health International introduced shared-value health insurance to employer groups and Travel for Treatment service to the rest of Africa.

Summary of Sustainability Strategy

Discovery Group and its subsidiary Vitality are committed to being a Force for Social Good and delivering on our purpose to make people healthier and enhance and protect their lives. We believe fundamentally in the principle of responsible business and living by our values which include ‘Integrity, Honesty and Fairness’. The principles underpinning the PSI and the wider work being conducted by the UN are strongly aligned to our business. We believe we can positively and constructively contribute to the PSI to help shape best practice and develop frameworks that can be adopted by stakeholders to further the Sustainability agenda and promote progress with the SDGs.