South Africa’s Discovery, AIA to partner for Asian insurance tech venture

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The logo of South Africa's Discovery group in seen on its headquarters in Sandton

– South Africa’s Discovery Ltd said on Tuesday it would set up an Asia-focused health insurance technology business in partnership with Hong Kong-listed AIA Group Ltd.

Discovery will own 25% of the joint venture, to be called Amplify Health, while AIA will own the rest.

(Reporting by Amna Karimi in Bengaluru; Editing by Sriraj Kalluvila)