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: Health Care
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Discovery data insights show that up to 16 000 South African lives will have been saved from COVID 19 related deaths, by 2021 as a result of efforts to curb the spread of COVID-19
Discovery presents new insights into the progress of the COVID-19 pandemic in South Africa and globally and investigates dynamic interventions that have saved lives and that have helped the country to navigate the peaks of the pandemic.
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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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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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New basic private healthcare for employees of households
Discovery has created an affordable way for employers to secure basic private healthcare services for their employees, including support for COVID-19. This is available through Primary Care for Household Employees, which gives household employees and their dependants access to primary private healthcare benefits from R249 per month.
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Discovery shares its latest COVID-19 research on outcomes specific to SA
Discovery presents insights on the financial impact of COVID-19 on medical schemes in South Africa, and a COVID-19 Resilience Index outlining the relative risk of being hospitalised due to COVID-19.
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Free online COVID-19 screening and consultations available to all South Africans through Discovery and Vodacom partnership
Discovery and Vodacom have partnered to deliver a simple but powerful online healthcare platform for the benefit of all South Africans during the COVID-19 pandemic. This platform provides easy access for all South Africans to a COVID-19 risk tool, to help understand your personal risk for COVID-19 plus, where needed, to immediately schedule healthcare professional consultations and get advice.
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New Vitality Health International Division and leadership changes to drive Discovery’s global health insurance initiatives
Discovery today announced the establishment of a new business unit, Vitality Health International (VHI).
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Breaking the Stigma: Why Discovery is introducing a New Mental Wellbeing Programme
Depression will be the world’s leading contributor to the global burden of disease by 2030, based on mental health risk statistics. This is reflected in the latest Discovery Health Healthcare Claims Tracker, which reveals key trends in mental health related claims by members of the Discovery Health Medical Scheme (DHMS), and confirms that depression is the most prevalent mental health condition.
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Managing the healthcare trilemma: broadening access to world-class care, maintaining affordability and enhancing benefits and services
Discovery Health Medical Scheme today announced the 2020 annual contribution increase and benefit changes. DHMS will be implementing a weighted average contribution increase of 9.5%. Based on a market survey of financial advisers representing over 250,000 lives, market expectations are for increases between 10% and 12% across the industry.
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Discovery Health and SAMA open Vitality Active Rewards to public sector doctors
The South African Medical Association (SAMA) has partnered with Discovery Health to offer Discovery’s globally recognised wellness incentive programme, Vitality Active Rewards, to health practitioners in the public sector.
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Scholarships and grants worth R27 million awarded to medical specialists and institutions for education and training
Now in its thirteenth year, Discovery is pleased to announce the 42 recipients of its 2019 Foundation Awards, providing doctors and institutions with support for the development of critical solutions for under-resourced and rural areas.
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Discovery Health releases key trends in birth rates as well as the costs associated with pregnancy, birth and new babies
The latest Discovery Health Healthcare Claims Tracker focuses on maternity claims, quantifying the spend by Discovery Health Medical Scheme (DHMS, or the Scheme) on maternity related claims and highlighting key trends amongst members. The report includes data based on all claims within South Africa’s largest, open medical scheme, DHMS, with a membership of 2.8 million lives as of end 2018.
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