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New research from Discovery Insure on holiday driving trends has highlighted a worrying 26% increase in speeding during the festive season, with many drivers exceeding speed limits by at least 10km/h. The study focuses on key routes in KwaZulu-Natal, Gauteng, and the Western Cape, revealing that January 2 sees peak traffic as travelers return to Johannesburg from Durban. The Insure warns that speeding does little to save time but greatly increases accident risks. For more on this Bongiwe Zwane spoke to Discovery insure's Chief Commercial Officer Precious Nduli ....
Are SA drivers taking advantage of open roads and less traffic during the holiday period? Well according to the Discovery Insure’s new Drive Trends research released last week, which reveals key road trip insights and critical information for staying safe on South African roads this December and January, that answer is YES. Notably, Discovery Insure’s data reveals that with reduced bumper-to-bumper traffic, people tend to speed more over the year-end period. The Discovery Insure Holiday Drive Trends report is an analysis of Discovery Insure Vitality Drive members’ driving behaviour data. It covers the year-end holidays (from 1 December to 31 January) from 2021 to 2023. Robert Attwell, Discovery Insure CEO explains more.See omnystudio.com/listener for privacy information.
At a recent conference, Robert Attwell, CEO of Discovery Insure, discussed the evolving risk landscape, emphasising the need for insurers to adapt to "the era of the never normal." He highlighted the impacts of extreme weather and power stability on risk management. Attwell underscored the importance of working closely with advisors to understand client needs and maintain industry sustainability. He expressed optimism about South Africa's economic environment, noting improvements in inflation and political stability. The conference provided a valuable platform for industry professionals to discuss future trends and foster essential relationships.
Clement Manyathela speaks to Collin Molepe, the chairperson of the Insurance Institute of South Africa and Robert Attwell, the CEO of Discovery Insure at the annual African Insurance Exchange event taking place at Sun City.See omnystudio.com/listener for privacy information.
Portfolio Manager at VestAct Asset Management, Michael Treherne joins Bruce Whitfield to speak about Nvidia which seems to be stirring the water, we find out what we need to know about this company. Sygnia co-founder and CEO Magda Wierzycka tells Bruce Whitfield of how she was affected by a data breach at Discovery Insure. Discovery leaked the personal information of 19 of its customers to phone call scammers, including residential addresses and policy details. Business think tank the Centre for Development and Enterprise (CDE) CEO Ann Bernstein tells Bruce Whitfield that a new coalition government has a mountain to climb. The CDE has been carrying out policy research for a new economic agenda it wants to see implemented and warns that country's leaders are "running out of time". Chantal Marx, Head of equity research at FNB Wealth and Investments and Bruce Whitfield to discuss how companies behave around mergers and acquisitions. See omnystudio.com/listener for privacy information.
Sygnia co-founder and CEO Magda Wierzycka tells Bruce Whitfield how she was affected by a data breach at Discovery Insure. Discovery apparently leaked the personal information of 19 of its customers to phone call scammers, including residential addresses and policy details. See omnystudio.com/listener for privacy information.
John chats to Eugene Herbert, Co Founder of the Road Ethics Project, about Discovery Insure's research which shows that cellphone-induced driver distraction is the biggest culprit behind motor vehicle accidents in SA.See omnystudio.com/listener for privacy information.
This audio is brought to you by Endress and Hauser, a leading supplier of products, solutions and services for industrial process measurement and automation. Energy group bp Southern Africa (bpSA) has set the expansion of its service station network in South Africa as a key priority as it moves to mark its centenary in a country where it first began operating on May 9, 1924. Communications and external affairs head Hamlet Morule tells Engineering News that bpSA intends rolling out 15 new sites during 2024, with ten sites currently in development, followed by a further 11 in 2025. Between R20-million and R25-million will be invested to build the new service stations, with the final price-tag dependent on the size of the site and its location, with far-flung sites generally costing more owing to the absence of readily available municipal services and access roads. The company already has more than 500 stations nationally and is now pursuing sites primarily on South Africa's major highways, as well as in high-growth urban nodes. Some of the sites will be developed by bpSA itself, while others will be dealer owned in line with its hybrid ownership model in South Africa. Morule says that, in parallel, the group will be piloting the roll-out of solar photovoltaic (PV) installations, to enable stations to begin transitioning away from their current reliance on diesel generators for backup power during loadshedding and other outages. Four sites have been selected for a solar PV pilot, which will kick off soon, including sites in Cape Town and Durban, as well as two in Johannesburg. "Once the pilot is successfully completed, we will roll out to all bpSA-owned sites," Morule says, indicating that the deployment is also in line with the multinational group's commitment to transitioning towards net-zero by 2050. Power purchase agreements will be signed with solar service providers, which will install, operate, and maintain grid-tied hybrid facilities over agreed time horizons. In the rest of the world the multinational is investing heavily in the roll-out of electric vehicle (EV) charging infrastructure at its retail sites, but Morule says that is not an immediate priority in South Africa, where EV penetration remains low. All the new sites will include convenience stores that will house bpSA's own Wild Bean Café brand, as well as its current partner brands of Pick n Pay, Nedbank Greenback, SA Taxi, Discovery Insure and Vodacom. Morule says the group will also use its centenary to reinforce its commitment to Southern Africa, which some questioned when the mothballed Sapref refinery, which bpSA owns jointly with Shell, was put up for sale a few years ago. The sale process to the State-owned Central Energy Fund was disrupted by the April 2022 floods in KwaZulu-Natal, which caused major damage at the refinery, but a future disposal has not been discounted. The group's role in the region was also questioned after bpSA announced in 2023 that it had decided to exit all its aviation-fuel activities in South Africa, after the Airports Company South Africa entered into contracts with alternative domestic suppliers. Besides its retail business, bpSA remains a shareholder in black-empowered Masana Petroleum Solutions, which is focused on supplying fuels to large South African businesses and it also owns Castrol, which supplies lubricants across the region. The company employs 556 people, 56% of whom are women. "We've had a long history in South Africa and have a long-term vision to grow our retail business and to continue supplying fuels and lubricants, while transitioning from being an oil group to playing a role in the energy transition," Morule says.
This audio is brought to you by Endress and Hauser, a leading supplier of products, solutions and services for industrial process measurement and automation. Energy group bp Southern Africa (bpSA) has set the expansion of its service station network in South Africa as a key priority as it moves to mark its centenary in a country where it first began operating on May 9, 1924. Communications and external affairs head Hamlet Morule tells Engineering News that bpSA intends rolling out 15 new sites during 2024, with ten sites currently in development, followed by a further 11 in 2025. Between R20-million and R25-million will be invested to build the new service stations, with the final price-tag dependent on the size of the site and its location, with far-flung sites generally costing more owing to the absence of readily available municipal services and access roads. The company already has more than 500 stations nationally and is now pursuing sites primarily on South Africa's major highways, as well as in high-growth urban nodes. Some of the sites will be developed by bpSA itself, while others will be dealer owned in line with its hybrid ownership model in South Africa. Morule says that, in parallel, the group will be piloting the roll-out of solar photovoltaic (PV) installations, to enable stations to begin transitioning away from their current reliance on diesel generators for backup power during loadshedding and other outages. Four sites have been selected for a solar PV pilot, which will kick off soon, including sites in Cape Town and Durban, as well as two in Johannesburg. "Once the pilot is successfully completed, we will roll out to all bpSA-owned sites," Morule says, indicating that the deployment is also in line with the multinational group's commitment to transitioning towards net-zero by 2050. Power purchase agreements will be signed with solar service providers, which will install, operate, and maintain grid-tied hybrid facilities over agreed time horizons. In the rest of the world the multinational is investing heavily in the roll-out of electric vehicle (EV) charging infrastructure at its retail sites, but Morule says that is not an immediate priority in South Africa, where EV penetration remains low. All the new sites will include convenience stores that will house bpSA's own Wild Bean Café brand, as well as its current partner brands of Pick n Pay, Nedbank Greenback, SA Taxi, Discovery Insure and Vodacom. Morule says the group will also use its centenary to reinforce its commitment to Southern Africa, which some questioned when the mothballed Sapref refinery, which bpSA owns jointly with Shell, was put up for sale a few years ago. The sale process to the State-owned Central Energy Fund was disrupted by the April 2022 floods in KwaZulu-Natal, which caused major damage at the refinery, but a future disposal has not been discounted. The group's role in the region was also questioned after bpSA announced in 2023 that it had decided to exit all its aviation-fuel activities in South Africa, after the Airports Company South Africa entered into contracts with alternative domestic suppliers. Besides its retail business, bpSA remains a shareholder in black-empowered Masana Petroleum Solutions, which is focused on supplying fuels to large South African businesses and it also owns Castrol, which supplies lubricants across the region. The company employs 556 people, 56% of whom are women. "We've had a long history in South Africa and have a long-term vision to grow our retail business and to continue supplying fuels and lubricants, while transitioning from being an oil group to playing a role in the energy transition," Morule says.
This week we talk to Anton Ossip, Chief Claims Officer at esure, about innovation within personal lines business. We discuss: • Previous role as CEO of Discovery Insure and the mindset needed to drive innovation. • Developing products and solutions to help reduce claims. • What is stopping innovation within the UK personal lines market? • How insurers can make use of AI within the claims process.
Clarence Ford speaks to Robert Attwell, CEO at Discovery Insure. See omnystudio.com/listener for privacy information.
Guest: Robert Attwell| CEO at Discovery InsureSee omnystudio.com/listener for privacy information.
It's been a year since investors, including the business's own customers, came to the rescue the Sigfox internet-of-things (IoT) network in South Africa. Now its chief commercial officer, Sumenish Naidoo, has told the TechCentral Show (TCS) that Sigfox South Africa is not only on a sustainable growth trajectory, but has big big growth plans for the rest of this decade. This comes after Remgro's CIVH in 2021 pulled the plug on Sigfox operator SqwidNet, citing weak customer demand. Founded eight years ago under CIVH subsidiary Dark Fibre Africa, the difficulties at SqwidNet came as a shock to its customers, including Discovery Insure and ADT, that had come to rely heavily on the nationwide Sigfox network. Former CIVH CEO Raymond Ndlovu said in an interview with TechCentral at the time that the decision to shut down SqwidNet, which by then had been moved out of Dark Fibre Africa as a separate entity under CIVH, was because customer take-up had not been as strong as hoped. The Covid-19 pandemic and associated lockdowns resulted in depressed commercial activity, which worsened the problems at SqwidNet. Support from SqwidNet's customers, though, ensured the Sigfox network was saved. CIVH has remained a shareholder in the newly created Sigfox South Africa, albeit now as a minority one, along with Macrocomm, Discovery Insure, Fidelity ADT and Buffet Investments. In this episode of TCS, Naidoo tells TechCentral editor-in-chief Duncan McLeod about what's happened at Sigfox South Africa since the rescue deal last year, and why he believes there is still a significant opportunity for growth in IoT in the country, despite the troubles experienced at SqwidNet. Naidoo also talks about: • What IoT is, and why it could help grease the wheels of commerce; • The history of Sigfox in South Africa, and how Sigfox's technology differs from traditional cellular communication and other IoT protocols; • What the Sigfox network in South Africa looks like today; • How the network is being used; and • How consumers can get their hands on Sigfox-capable IoT devices. Don't miss a fascinating interview! TechCentral
Francois Theron – adjunk uitvoerende hoof, Discovery Insure
Darryl Grater – uitvoerende hoof van verspreiding, Discovery Insure
Darryl Grater – Executive Head: Distribution, Discovery Insure
After convincing South Africans to be healthier through its Vitality programme, Discovery took this shared-value incentivisation idea to car insurance. The better you drive, the less insurance you pay – and fewer accidents happen. This highly-successful Vitality Drive telematics has already been exported to the UK, and is now being launched in Saudi Arabia. Discovery Insure deputy CEO Francois Theron and head of telematics Ilan Ossin tell Stuff Studios editor-in-chief Toby Shapshak about how South African innovation is going global. Read more on Stuff.
Francois Theron – adjunk uitvoerende hoof, Discovery Insure
Anton Ossip – CEO, Discovery Insure
Guest: Anton Ossip | CEO at Discovery Insure See omnystudio.com/listener for privacy information.
Anton Ossip is the CEO of Discovery Insure – a position he has held for over 10 years. Ossip is also on the board of the South African Insurance Association, and is an actuary who has over 20 years of experience in the insurance industry. In his time at Discovery Insure, he has grown the business from a startup into a top South African insurer, and a global leader in shared-value insurance. Discovery Insure turned 10 in 2021, and in this What's Next interview, Ossip discusses the lessons he and his team have learned over this period. Ossip then discusses Discovery Insure's tech-enabled safety offering across both personal lines and business clients, including how this product continually evolves for the better. He also talks about Discovery Business Insurance's goal of impacting 10,000 SMEs – including the practical measures that are in place to support these organizations.
Our guest today is Precious Nduli Marketing Executive for Discovery Insure, a challenger brand in South Africa and she is going to be talking us about their digital transformation journey, and the progress made to date. One of the core values within Discovery is Innovation coupled with a fast innovation cycle. Build. Test. Iterate. The true test of a challenger brand is the traction that we get and we have gained significant traction with a unique, differentiated model. Discovery Insure is in the top 5 within 10 years, 6bn in premium income covering nearly 300k vehicles. The role of analytics in marketing has grown. Every decision in marketing needs to be data driven. We adopt an insurgent mindset by removing barriers & bureaucracy as much as possible. Listen in and find out the rest of the conversation with Precious. Don't forget to share and follow our channels.
Our guest today is Precious Nduli Marketing Executive for Discovery Insure, a challenger brand in South Africa and she is going to be talking us about their digital transformation journey, and the progress made to date. One of the core values within Discovery is Innovation coupled with a fast innovation cycle. Build. Test. Iterate. The true test of a challenger brand is the traction that we get and we have gained significant traction with a unique, differentiated model. Discovery Insure is in the top 5 within 10 years, 6bn in premium income covering nearly 300k vehicles. The role of analytics in marketing has grown. Every decision in marketing needs to be data driven. We adopt an insurgent mindset by removing barriers & bureaucracy as much as possible. Listen in and find out the rest of the conversation with Precious. Don't forget to share and follow our channels. Webpage · Instagram Page
Founder of Discovery Adrian Gore gives an in-depth insight to the growth avenues the insurance giant is pursuing. Its core business units remain Discovery Health and Discovery Insure, but the business is leveraging its loyal client base to expand into other avenues of growth. Discovery Bank, although currently loss-making, is growing rapidly. The bank's performance will be monitored closely by investors, given that the majority of expansionary capital expenditure is going towards building that business unit. Cathie Wood's ARK Invest recently invested more than R600m into Discovery, with Gore outlining the alignment in strategy with regard to technological advancements in each business unit's models to create increased efficiencies. Gore says Ping An, of which Discovery has a 25% stake, is still central to its growth strategy despite ominous signals by the regulatory authorities in China.
Interview with Francois Theron, Deputy CEO of Discovery Insure about innovations in Discovery Business Insurance
As we head into the holidays, Dave Charles catches up with Deputy CEO of Discovery Insure, Francois Theron for some great advice.
Francois Theron – adjunk uitvoerende hoof, Discovery Insure
Discovery Insure chief executive Anton Ossip described the pothole patrol app, which aims to improve the condition of Johannesburg's roads. See omnystudio.com/listener for privacy information.
Discovery Insure is celebrating its tenth birthday, and has much in store. Bongani speaks to Anton Ossip, Chief Executive of Discovery Insure. See omnystudio.com/listener for privacy information.
In this edition of the Business Day Spotlight, we talk about how one of SA's fastest growing insurance companies is using technology to stand out and achieve growth. Our host Mudiwa Gavaza is joined by Anton Ossip, chief executive officer of Discovery Insure, to shed light on their business. The discussion focuses on Discovery Insure's business model; the impact of Covid-19 on the insurance sector; the unit's use of and investment in technology; the partners that Discovery works with to develop its technology platforms; changing driver behaviours through incentives; and trends likely to affect sector lie the growth of cyber insurance.
Two insurers are now working together. Dialdirect Insurance and Discovery Insure have announced the launch of the “Pothole Patrol”, a joint initiative to manage the repair of potholes throughout Johannesburg.
In episode 36 of Inside Covid-19, the Small Business Institute expects a major opening of the economy soon; Discovery Insure is rebating 25% of its members' April premiums; We ask whether coronavirus killed open plan offices?; Donald Trump's hydroxychloroquine endorsement gets another fan – Elon Musk; top global political risk consultancy Eurasia says multinationals are fretting about South Africa's dimmed economic prospects; and we take a close look at Moderna, the company whose promising Covid-19 vaccine tests sent the price of US stocks – and oil – soaring. - Alec Hogg
In episode 36 of Inside Covid-19, the Small Business Institute expects a major opening of the economy soon; Discovery Insure is rebating 25% of its members' April premiums; We ask whether coronavirus killed open plan offices?; Donald Trump's hydroxychloroquine endorsement gets another fan – Elon Musk; top global political risk consultancy Eurasia says multinationals are fretting about South Africa's dimmed economic prospects; and we take a close look at Moderna, the company whose promising Covid-19 vaccine tests sent the price of US stocks – and oil – soaring. - Alec Hogg