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The Generali Group announce partnership that will see Discovery’s shared-value insurance model rolled out in Europe

18 November 2014 Discovery

The Generali Group (“Generali”) today announced a strategic partnership that will see the introduction of Discovery’s shared-value insurance model to the European market. Generali is one of the 50 largest organisations in the world and serves over 60 million clients.

Adrian Gore, CEO of Discovery Limited, commented on the joint venture saying, “We are looking forward to partnering with Generali, one of Europe’s largest and most highly respected insurance groups. We have an almost identical core purpose of making people healthier and enhancing and protecting their lives; and could not have chosen a better organisation to partner with in Europe.”

Discovery’s shared-value insurance model is based on the combination of engaging policyholders and incentivising them to manage their wellness, and dynamically pricing their behaviour into their insurance. The model guides, incentivises, and provides policyholders with access to a broad range of wellness and prevention pathways, and measures engagement clinically and actuarially, enabling the dynamic pricing of mortality, morbidity, and health risk.

The design phase with Generali has already commenced and the first customers are expected to be signed up in Germany, France and Austria. The strategy enhances Discovery's international footprint, complementing our established exclusive partnerships in Asia and providing access and exposure to the European insurance market with a market-leading partner.

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