JSE-listed Discovery Limited has joined forces with Hong Kong-listed AIA Group Limited to establish a health insurtech business called Amplify Health. The business will service Asia’s growing demand for healthcare service as the region faces an ageing population and increasing disease burden. In a Sens statement released on Tuesday, Discovery announced that through the pan-Asian venture it stands to own 25% of Amplify Health with AIA holding the balance.
AIA’s group CEO and president Lee Yuan Siong says the company’s partnership with Discovery in forming Amplify Health forms an important step in transforming the development and delivery of healthcare in the region. “As we look to the future, we see an urgent need for better, simpler and more affordable healthcare, and an expanding protection gap for the growing population in the region.
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