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: Economy, Finance
-
-
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.
-
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.
-
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.
-
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.
-
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
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Discovery Bank committed to easing the financial strain on clients
• Discovery Bank is working hard to take care of clients during this difficult time • Discovery Bank is making eating healthy more affordable than ever • Clients get up to 100% back on healthy groceries at Woolworths or Pick n Pay • Clients get up to 75% back on personal care products at Clicks and Dis‑Chem
-
Supporting Solidarity Fund and other initiatives during COVID-19; Discovery executives heed President’s call to donate part of their salaries
In alignment with the example set by the President and his Executive last week, the Discovery Board Chair, Chief Executive and the Discovery Board in its entirety (including both Executive and Non-Executive Directors) will donate a third of their salaries and fees over the next three months to efforts to fight the pandemic.
-
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.
-
Discovery delivers robust half-year results with elevated investment in strategic new initiatives
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
-
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.
-
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).
-
Discovery Insure spearheads collaboration to eliminate child deaths on SA roads
The programme combines telematics technology from Discovery Insure and education to promote good driving behaviour that makes transport to and from schools safer for children.
-
Wayde van Niekerk invites you to run for your country – against Usain Bolt, Jamaica and the world
• 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
Show more
Loading...