Discovery Insure Wins Two Gartner Financial Cool Business Awards
At the 2015 Gartner Financial Services Cool Business Awards ceremony held in Barcelona to recognise innovative use of technology that highlight best-in-class industry initiatives and to offer insights regarding developments in digital innovation across the world, Discovery Insure’s smartphone-enabled DQ track won in the Most Innovative New Digital Product and the overall EMEA Digital Champion categories.
“Discovery Insure is incredibly pleased to win in the inaugural 2015 Gartner Financial Services Cool Business Awards. We believe this recognition is further proof that our smartphone-enabled telematics solution, the Vitalitydrive Sensor, is a digital solution that has global relevance. Highaccident rates and road deaths are an issue for many countries, and Discovery Insure is proud that it focuses on improving and rewarding good driving behaviour that can have a major impact – on clients and society,” says Anton Ossip, CEO of Discovery Insure.
The awards were presented at the Gartner Symposium/ITxpo 2015, which is the world’s most important gathering of CIOs and senior IT executives, which unites the global IT community with the tools, insights and strategies to help them lead the next generation of IT and achieve business outcomes.
Discovery Insure’s Vitalitydrive Sensor developed in partnership with Cambridge Mobile Telematics is an innovative smartphone-enabled technology called the DQ-Track. It enables drivers with smartphones to improve their driving behaviour, ultimately saving lives by reducing the risk of being involved in an accident. Launched in 2014, the telematics solution is part of the Vitalitydrive programme.
More than 150 clients at Gartner’s Symposium participated in an online polling survey and voted. “According to Gartner, submissions are assessed using a robust and dynamic model, the Gartner Awards Framework (GAF), to ensure that the assessment process is strictly relevant. The structured model benchmarks participating organisations against world-class performance standards. The GAF consists of specialized assessment modules pertaining to the evaluation criteria for each of the award categories. The criteria and subcriteria provide a robust set of requirements that are used as the methodology for benchmarking and learning among the participating organizations.”1
“Discovery Insure’s innovations in the telematics space in the motor insurance industry have always committed to providing world-class solutions that can be benchmarked with the best in the world. In this way, we ensure that our client’s do not only receive digital solutions that increase their safety on the roads, but are also on par with international best practice,” says Ossip.
Based in Germany, Gartner is the world’s leading information technology research and advisory company focused on technology-related insights used by IT executives and professionals to inform their decisions.
Note to editors
1 Gartner Press Release, Gartner Accepting Nominations for Inaugural 2015 Gartner Financial Services Cool Business Awards, May 28, 2015, http://www.gartner.com/newsroom/id/3063918
The identification of a Gartner Cool Business Award winner or finalist is not an endorsement by Gartner of any vendor, product or service.
Discovery Insure, a subsidiary of Discovery Limited, was launched in South Africa in May 2011 as an innovative and disruptive short-term insurer with a vision to create a nation of better drivers. It is built on the collective insights of the world leading Vitality behavioural change programme, which operates on 5 continents and has 5 million members. Discovery Insure’s pioneering product offering was created by leveraging the behavioural economics expertise with the latest telematics technology. The Discovery Insure Vitalitydrive programme is based on the same behavioural economic principles as Vitality is in the wellness space: people behave rationally and adapt their behaviour if they are presented with useful information and meaningful rewards for doing so.