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Discovery delivers robust half-year results with elevated investment in strategic new initiatives

Discovery delivers robust half-year results with elevated investment in strategic new initiatives

Press releases   •   Feb 20, 2020 10:21 CAT

The Group highlighted results for the period ended 31 December 2019, characterised by substantial investment in new initiatives and a strong performance from the core businesses with the exception of VitalityLife: • Net asset value increased by R1 598 million • Total new business API increased 17% to R11 116 million • Normalised profit from operations decreased 7% to R3 551 million

The most critical risks South Africans face today

The most critical risks South Africans face today

Press releases   •   Sep 26, 2019 11:50 CAT

Discovery Life’s 2018 claims data has revealed the major risks Discovery Life members across different age groups faced in 2018. Unnatural causes continue to be the predominant reason for death claims, among people under the age of 30. Last year, the leading causes of unnatural deaths were motor vehicle accidents (35%), suicide (32%), other accidents (17%) and crime (16%).

Millennials face a demonstrable insurance gap of R15 trillion

Millennials face a demonstrable insurance gap of R15 trillion

Press releases   •   Jun 28, 2018 12:42 CAT

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.

The state of health in South Africa according to Discovery Life’s claim experience 2016

The state of health in South Africa according to Discovery Life’s claim experience 2016

Press releases   •   Oct 23, 2017 10:50 CAT

Discovery Life published insights of its life assurance claims from January 2016 to December 2016. A total of 20 247 claims were paid over the period, amounting to R3.2 billion. This brings the total amount that Discovery Life has paid out to date up to R18.7 billion.