Discovery introduces new health offerings, including Discovery hospital, for subscribers

SOUTH AFRICA – Financial services group Discovery has announced several new innovations and changes within its Discovery Health portfolio, at its annual product-update event this week, including a Discovery Hospital service and international coverage. “The golden thread running through the various elements we shared with the financial adviser community and media today, was our focus on personalization of healthcare through digitally-powered processes,” said Dr Ryan Noach, CEO of Discovery health. He said that the new features, with a particular focus on four ground-breaking areas, will be made available in 2022…

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Sanlam pays out over US$ 1.55 billion to Covid-19 claims as it curates mandatory staff vaccination

AFRICA – Sanlam, which is Africa’s largest insurer, has paid US$ 1.55 billion and counting in death claims since the beginning of 2020, with this year turning out to be the worst with the insurer paying at least US$ 705 million in mortality claims in the first six months of 2021. This is possibly a function of a bigger market share in the part of the population most affected by the second wave of Covid-19 infections. However, Sanlam CFO Abigail Mukhuba also pointed out that affluent clients who are normally…

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Insurance major Discovery to introduce mandatory Covid-19 vaccine policy, as staff and clients deaths rise

SOUTH AFRICA – Discovery, the leading South Africa-based financial services firm has announced plans to move to a mandatory Covid-19 vaccination policy from 1 January 2022, citing that it has ‘moral and legal obligation’ to do so. In its annual results published on 2 September, the Group revealed that it currently employs 12,950 employees across its key healthcare, banking and financial businesses. “Discovery intends to move to a mandatory vaccination policy effective 1 January 2022 given the clear moral and social obligation, as informed by our core purpose to make…

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