Categories: adrian gore
Vitality model saves more than two million life years for its customers in 2022
Discovery’s 2022 Sustainability Report quantifies the positive impact of its model for customers and society – and sets a goal of incentivising one billion healthy activities a year by 2030. In the 2021 financial year, Discovery recorded 470 million healthy activities, and returned R11.4 billion in value to customers through its shared-value model and impacted nearly 40 million lives.
Discovery posts strong operating full-year results in challenging macro-economic environment
Discovery reported its’ full-year results for the period ended 30 June 2022 today.
The strong operational performance of all three main business areas, the SA composite, the UK composite and Vitality Global demonstrates the relevance of the Vitality Shared-value business model and the value it delivers to clients and broader society New business initiatives grew strongly, led b
South Africa’s first global discretionary fund manager launched by Discovery
Johannesburg, 23 August 2022 — Discovery Group today announced the launch of Cogence, a discretionary fund manager (DFM) seeking to significantly enhance the business of wealth creation in South Africa. Cogence will bring asset allocation views from BlackRock, one of the world’s leading asset managers, together with personalised insights from Vitality to provide investment solutions including mode
Triple win for Discovery at the Efma–Accenture Innovation in Insurance Awards 2022
Discovery took home three awards in this year’s Efma-Accenture Innovation in Insurance Awards, at a virtual ceremony showcasing the best insurance innovations across the globe.
The Science of Vitality – 25 years of driving positive behaviour change, and as relevant as ever
Discovery Vitality releases The Science of Vitality journal, highlighting the data, science and insights behind the global wellness and behaviour change programme, born in South Africa, now making 20 million people healthier in 37 countries
Johannesburg |24 March 2022
What if there was a way to make people live longer, healthier, happier lives and reward them for taking steps towards their
Discovery delivers strong half-year financial performance; accelerating its growth trajectory
Discovery's interim financial results for the period 31 December 2021 are characterised by resilience, accelerated growth and continued success of the shared-value model.
Budget Speech 2022 Insights and Commentary from Discovery
Executives provide comments and snippets following Minister Enoch Godongwana’s National Budget Speech on Wednesday 23 February 2022
Discovery and AIA to establish a pan-Asian health InsurTech business
Discovery and AIA announce the formation of a pan-Asian health InsurTech business. Amplify Health is a new digital health technology and integrated solutions business that will deploy a range of health technology assets, proprietary data analytics and extensive health expertise to AIA’s insurance businesses and other third-party clients across Asia.
Discovery highlights significant progress in implementation of mandatory vaccination policy
On 3 September 2021, Discovery announced its mandatory vaccination policy for South Africa-based employees Staff vaccination rates have climbed from 22% at start of September to 94% by 30 November Across all main categories, including sex, age and seniority, more than 90% of staff are vaccinated Vaccination rates projected to reach levels greater than 97% before the peak of fourth wave, in ear
Discovery Bank and Vitality announce new offerings to deliver integrated value for clients
Johannesburg, 30 September 2021 – Discovery Bank today announced new digital and fintech innovations for a comprehensive digital financial services experience at its annual product-update event with financial advisers.
“With the latest features, our clients have access to a full range of financial capabilities in one place – our digital banking platform. This platform is not only transforming b
Discovery delivers strong operating performance during the pandemic and continued evolution of the Shared-value Insurance model
Johannesburg, 2 September 2021 – Adrian Gore, Discovery Group Chief Executive, today presented the Group’s full-year results for the period ended 30 June 2021 to the analyst community. Discovery posted a strong operating performance across the all businesses, despite the ongoing challenge of the COVID-19 environment which manifested in a far higher COVID-19-related mortality in South Africa, compa
Vitality joins Reach For a Dream in Guinness World Record attempt to raise funds for children with life-threatening illnesses
Johannesburg, 8 June 2021 | Vitality is proud to partner with Reach For A Dream in their Cooking for Dreams initiative, along with DHL and Woolworths. The virtual cook-along, hosted by celebrity chefs J’Something and David Higgs, will gather enthusiastic cooks across South Africa virtually in an attempt to break a Guinness World Record for the most people cooking online at once, while raising fund
Discovery wins at the Efma–Accenture Innovation in Insurance Awards 2021
Discovery took home Gold in the Core Insurance Transformation category and Silver in the Global Innovator category at the Efma-Accenture Innovation in Insurance Awards. The virtual ceremony showcased the best examples of insurance innovations across the globe.
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.
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.
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
Ground-breaking global study shows how fitter bodies could lead to a fitter SA economy with potential growth of $500 million (+R7 billion) a year
• 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
Vitality-linked insurers to get 100 million people 20% more active by 2025
Building on the results of the largest behaviour change study on physical activity, Vitality and its global network of insurers have committed to making 100 million people more active over the next seven years, aligned to the World Health Organizations’ Global Action Plan on Physical Activity.
Optimism after a lost decade
Today at the 2018 Discovery Leadership Summit held in Sandton, business leaders emphasised the irrefutable case for economic growth. This is central to turning around the country since the 2008 financial crisis and the challenges associated with state capture.