Discovery Insure Wins At Global Insurance Innovation Awards 2024

Discovery Insure Wins At Global Insurance Innovation Awards 2024. The inaugural Global Insurance Innovation Awards, held at a gala ceremony in Singapore today, recognised Discovery Insure as a global leader in insurance innovation, thanks to its world-class and future-ready product offering.

Discovery Insure walked away with Best Automobile Insurance 2024 in the product innovation category for its Vitality Drive 3.0 programme. This category recognises the most cutting-edge insurance products created by insurers who are pushing boundaries and transforming the industry worldwide.

The Global Insurance Awards were launched this year by The Global Insurer, which is part of The Digital Banker, a news, business intelligence, and research partner to the global financial services sector. The awards celebrate insurers who are leveraging technology and innovation to enhance their products and services in a fast-changing risk environment.

“We’re incredibly honoured to be recognised for our innovation, something that is embedded in Discovery Insure’s DNA,” says Robert Attwell, Discovery Insure CEO. “These awards celebrate insurers who are being proactive in creating superior client experiences and enhanced protection through technology – and Vitality Drive 3.0 does just that.”

Discovery Insure’s Vitality Drive is a unique driver behaviour programme that uses state-of-the art telematics technology to measure how clients drive and reward them for driving well. Rewards include cash back on fuel spend and discounts on tyres, maintenance costs, and e-hailing services. Clients can also double their fuel cash back by having it paid into the Insure Funder Account. This fund can be used to fund an excess in the event of an accident or to fully fund new tyres and car servicing.