The Chorus-accepted discovery at the insurance awards is proud to celebrate the world’s leading inventors. Final Appreciation of the Awards – Global Innovation 2022 – A recognizes an insurance business, not only to reveal innovations in new, wonderful ways, but also lives innovations through its strategy and everyday practices. This year, no doubt Invention Insurance covers what is the meaning of being a global inventor. Its innovation procedures have encouraging lessons when they go to the changing economic landscape to all insurers and related businesses.
Setting up a foundation for innovation
Discovery is well -known for its shared value model, especially its biomass product, based on the idea that if a health or life insurer focuses on people’s health and their behavior, their risk profile will be better.
Gareth Frydlander. This truly challenges the concept of danger as a standard indicator. Rather, the most affected by risk behavior And eighty percent of the illness in the risk of health, drinking alcohol, drinking alcohol, physical activity and diet are operated. In case of driving, 60 Percentage of hazardous accidents Only as a result of behavior. If insurers can change customer behaviors and help them make the best choices, the risk curve changes. ”
This main idea of the vitality-shared model has proven to be powerful and reflected in geographical and businesses. The chances of future innovations are infinite, by creating a business that focuses on the need for a clear purpose, continuous invention and customer need.
Although it certainly helps insurers to innovate according to the changes in the market, it should not be a rays d’dre for innovation. Says the Frydlander, “Our opinion is that the novelty is active and does not react. Innovation is a company than event -based or spontaneous. “It reflects its decent invention throughout the business, where employees from all parts of the business are encouraged to contribute to novelty ideas regularly.
Ready when it happens for change
Axoner recently released Digital Health Technology View for 2022Ninety -seven percent of health administrators believed that the continuous advances of technology were more reliable than economic, political or social tendencies. In the case of Discovery’s inventions in the context of Gov -19 infections, the existing technology and novelty infrastructure is well placed well to respond to some unique challenges brought by global infection and changes in technological use in the industry.
Maximum refund of Discovery’s vaccine The product is in a matter of silver winner in the product, social, standard and responsible category. Although it is fertilized in response to the global event, the novelty is possible by the current shared-valid model and the infrastructure of the discovery. “This is considered in the context of a slow vaccine and lack of awareness in the vaccine, and we have felt a social responsibility to run and rapidly increase the vaccine rates. This social responsibility is correct with our business purposes. Rewards, ”says Frydlander.
Maximum repayment of vaccine Max Payback customers up to 100% of their first year premium to help the South Africa’s vaccination program to assist in the South Africa vaccine program, which will eventually withdraw the shared -valid model up to R182 million in the first principle, and improves writing skills in the process.
He added, “When we started the initiative, he had to move quickly without a normal test against the market and find solutions. Even if we still do not know Quantums, this is good for us, society and our customers. “They turned out to be right. There was a very positive improvement from customers, and eighty percent of people finished their vaccines, which have more than most developed countries.
Shared value – what does the data say
As a life insurer in the eyes of the infectious storm, Discovery transformed its attention into a novelty, which helps its customers to protect its risks and weather its impact. Products like Home Discovery Hospital Digital equipment and remote monitoring equipment for clients, world -class telehealth skills, members and doctors, helped to provide real -time monitoring and care quickly. The discovery of unity supported the Gov -19 vaccine program of South Africa, setting up nine vaccine sites to fill the ability.
Prior to infection, Discovery was aware that promoting customers helped to reduce the health risks attached to their controlled behaviors. However, it is not widely used in the case of widespread infection. They found that it had more powerful energy in the context of Gov -19.
Says FrydLander, “When the Govid -19 came out, there was a new danger to the lack of data. Since Discovery is one of the largest integrated databases in the world, our functions have been leaning on the challenge and analyzed the impelles and levers needed to change mortality rates. Throughout the infection, we have priority to get our hands dirty in data to try to run the best effects. ”
Wellness as part of a vast ESG agenda
At the center of discovery of Discovery, as an individual and a community – the idea of being good. This well -being has stretched up to finance, infrastructure and environment beyond the health service. Insurance Awards include other successful findings of Discover in Chorus innovations A healthy future calculatorOvarian Katria And Pit. A healthy future calculator analyzes a unique biometrics of a unique biometrics (including a predicted lifespan and Healthspan), and provides unique, scientific recommendations and intelligence to improve both activities. A vehicle may have been stolen, warns the owner and uses Motion Alerted Telematics technology by automatically launching vehicle recovery services. Pit patrol, along with the city of Dialog Insurance and Johannesburg, manages and adjusts the pits to make the road safe, and uses the use of the cavity reporting. Each of these innovations helps customers live an advanced life, make better, more educated decisions in different aspects of their welfare and create more value for the community.
What
In view of the future, the commitment of the invention does not show signs of decrease. “We have successfully created a disrupting mood for business. Innovation is the institutionalized in all touch points with the continuous and enthusiastic support of our business, the continuous and enthusiastic support of the administration,” says FrydLander.
In the future, Discovery will continue its attention on technology and customization. Frydlander added, “The technology for collecting data on behavioral change continues as a wonderful operator. As human beings, we need concept to change behavior, and wear devices give us these rich and appropriate data in real time. Along with our wider intelligence on health data and trends, its impact is powerful.
People are triggered by different things, so we continue to try to design customized products for each of our customers. ”
When the invention is imagined, the invention is an example of what can be achieved when it is used continuously and with purpose in the insurance business. We congratulate them for being our inventor of the year 2022.
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