Discovery reports resilient full year performance
Discovery Group Chief Executive, Adrian Gore, presented Discovery’s results for the year ended 30 June 2020 confirming the Group’s financial strength and strategic relevance.
Topics: Business enterprise
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Younger drivers reduced mileage the most compared to all age groups during lockdown – Discovery Insure data shows
Analysis of Discovery Insure’s clients’ driving behaviour during the national lockdown indicates that its best drivers reduced their mileage by up to 89%, and younger drivers reduced their mileage more than older clients. The findings were issued today.
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Vitality’s 65+, bespoke programme for older adults enables members to live longer and better
Discovery is pleased to announce the successful launch of its Vitality 65+ offering. Vitality members, 65 years or older, can now achieve better health with age-appropriate goals, interventions and activities, with exclusive enhancements to the Vitality programme, across Health, Insure, Life and Invest - that help them achieve better health with age-appropriate goals, interventions and activities.
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Discovery’s Roseanne Harris elected President of International Actuarial Association
Professor Harris has been a member of the Executive Committee of the International Actuarial Association since 2018 and among other roles, has served as the Chair of the Health and Education Committees of the Actuarial Society of South Africa, and as the President of the Actuarial Society of South Africa in 2016 and 2017.
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Discovery Vitality empowers members to make a difference during Covid pandemic through #VitalityMoveToGive philanthropic initiative
In a bid to make a meaningful contribution to the fight against Covid-19, Discovery Vitality today announces a partnership with Shout4Masks. This initiative is the newest collaboration between Vitality and several other charitable organisations at the forefront of addressing the challenges of the pandemic.
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2019 Discovery Life claims insights and COVID-19 trends
During 2019, Discovery Life paid out R4.8 billion to policyholders, including a total of R1.2 billion through the PayBack benefit. In addition, Cash Conversions to the value of R2.8 billion are expected to mature over the course of the next 5 years. Breakdown per benefit: • R2.28bn in life cover • R1.1bn Severe Illness Benefit • R816m Disability benefit • R375m income Continuation Benefit
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Discovery Bank offers locked-in interest rate on savings
In line with National Savings Month, Discovery Bank will postpone implementing the interest rate reduction announced yesterday and will keep the interest rates on all its savings accounts as is for the next 14 days. The interest that Discovery Bank charges its clients on their borrowings will, however, be reduced with effect from July 24 2020.
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Discovery Invest launches global investment offering in association with BlackRock and Goldman Sachs
Discovery Invest launched a greatly-enhanced global investment solution that uses shared value to create the world’s first exchange rate enhancer, and offers investment choices advised by BlackRock and Goldman Sachs, world leaders in asset management.
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Discovery wins Global Innovator at the Efma–Accenture Innovation in Insurance Awards 2020
Discovery recognised as the recipient of the Gold Global Innovator Award at the 2020 Efma-Accenture Innovation in Insurance Awards, a virtual ceremony showcasing the best examples of insurance innovations across the globe.
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Discovery Business Insurance updates address the changing needs of SMEs
Discovery Insure CEO, Anton Ossip, announced enhancements to Discovery Business Insurance’s offering, including a partnership with MTN to give businesses up to 50% back on their monthly data costs, capital support for the retail sector in partnership with Merchant Capital, as well as the Dynamic Distance Cash Back to reward people for driving less during the COVID-19 pandemic.
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Discovery Insure and Motus Financial Services partner on new warranty product
Discovery Insure's warranty product covers a comprehensive list of critical components, with no limits. This product encourages good driving with premiums based on a driver’s specific driving profile, as well as the unique circumstances of the vehicle compared to a market where premiums tend to be undifferentiated irrespective of how good a driver you are.
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Discovery announces new COVID-19-specific protection products
Discovery announces enhancements that respond specifically to insurance needs around COVID-19. These include a new multi-organ feature within the Severe Illness Benefit to provide relevant cover for the complications associated with COVID-19, a dynamic cash back that rewards Discovery Insure clients for driving fewer kilometres and Vitality Health Check tailored for people aged 65 years and older.
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Lower your risk: Vitality moves healthy lifestyle online during Covid-19
Online healthy cooking classes, digital meditation sessions and virtual runs in the Kruger. Why not? It could reduce Covid-19 severity.
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Vitality unlocks additional adjustments to its wellness programme to encourage South Africans to stay healthy and rewarded while at home
In support of our President’s call for our nation to heighten collective efforts in curbing the spread of COVID-19 by staying at home, Discovery Vitality is adjusting its wellness offering to members to encourage healthier choices during this 21-day period.
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Discovery Miles 101: how Vitality members can earn and spend them in 2020
From January 2020, Vitality members and Discovery Bank clients can earn Discovery Miles – the new rewards currency that will be widely accepted, easy to earn and spend for Vitality members, who have up to now earned Vitality Rewards Points.
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Brand ranking puts Discovery as one of the most valuable brands in the country
The announcement of the Brand Z Top 30 Most Valuable South African brands 2019 put a spotlight on brand resilience in the context of a challenging macroeconomic climate. This being the second year in which BrandZ has ranked South African Brands, Discovery Limited ranked at number seven, with a brand value of $1.6 billion.
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Discovery reports full-year results: emphasises strategy for continued investment
Group Chief Executive, Adrian Gore, announces the performance of the Discovery Group for the year ended 30 June 2019.
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Discovery’s new Retirement Fund targets the root causes of SA’s retirement savings gap
Discovery launches new fund to help South African employees close the retirement gap.
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Powerful performance for Discovery in Global Insurance rankings
2019 Brand Finance Insurance 100 report ranks Discovery as the second-strongest insurance brand in the world.
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Period of exceptional growth for Discovery and considerable investment in new initiatives
21 February 2019 – Discovery today presented its half-year results for the period ended 31 December 2018; representing a period of exceptional growth, with a temporary decline in profits due to considerable investment in new initiatives, and volatility in large claims in Discovery Life, unique to this reporting period.
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