South Africa’s young adults could bridge the growing life and disability insurance gap by diverting a fraction of their monthly lifestyle expenditure to financial services products. The largest insurance gap is currently presented by millennials between the age of 18 and 30 coupled by high levels of indebtedness and low savings.

Discovery today announced the launch of Discovery Business Insurance – a new type of shared value insurance focused on building better and “healthier” businesses.

The streets of Johannesburg were awash with enthusiastic cyclists who rode à bloc in Joburg’s iconic and most-loved cycling event. This year’s event attracted roughly 23, 000 cyclists as well as 20 000 eager supporters. The Discovery 947 Ride Joburg is the world’s second-largest timed cycling race and features cyclists ranging from beginner to elite every year.

• Vitality Running World Cup starts in March 2020 • The global challenge will enable people to run for their country alongside national teams captained by Olympic Gold medallists Usain Bolt, Dame Jessica Ennis-Hill and Wayde van Niekerk • Forms part of Vitality’s commitment to get 100m people 20% more physically active by 2025 – and address the pressing global issue of inactivity

• Vitality and RAND Europe publish a ground-breaking, global study on the economic impact of physical inactivity • The 23-country study assesses how different physical activity improvement scenarios may affect the economy of countries up to 2050, and shows the significant influence of regular exercise on economic growth, workforce productivity and life expectancy

Discovery launches #IWasThere – an exciting new competition, in partnership with Arsenal Football Club, with the incredible prize of 20 unparalleled VIP football experiences as part of the 2019/20 Premier League season. Each experience includes two tickets to an Arsenal match, luxury accommodation, return flights and £1,000 spending money.

Discovery Life has long been a pioneer in the life insurance industry, with products that ensure clients are protected in the case of death, disability or severe illness. Since launching in 2000, Discovery Life has offered clients considerable value for money through the PayBack benefit, amongst others. These clients have cumulatively been rewarded with R5 billion in PayBacks this October.

Discovery Insure’s innovative Vitality Drive Sensor which uses vehicle telematics to accurately track driving behaviour has won the Best Commercial IoT solution in the MTN Business Internet of Things (IoT) Awards.

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.

Discovery is excited to announce that it has extended its partnership with Apple and iStore to help clients fully fund a new iPhone through Vitality Active Rewards.