Discovery launches short-term insurance

first_img20 May 2011Financial services group Discovery Holdings is aiming to take advantage of its unique behavioural economics business model with the launch of Discovery Insure, a new player in South Africa’s R50-billion short-term insurance market.According to Discovery CEO Adrian Gore, the company has studied the market for a number of years and is optimistic that they can bring structural change to the short-term industry.“Discovery clients have come to expect compelling product innovation that meets their needs,” Gore said in a statement this week. “We are confident that with Discovery Insure we will encourage consumers to change their behaviour and reap rewards for it.”Positive behavioural changeDiscovery Insure sets to achieve three key objectives: to structurally reduce the cost of insurance through positive behavioural change, to channel actuarial and risk management savings to significantly reduce the cost of fuel for clients, and to make the roads safer for families insured by Discovery.By channelling the actuarial and financial benefits of better driving, along with the efficient payment mechanism of DiscoveryCard, the BP fuel network and safer vehicles enabled through Tiger Wheel & Tyre, the VitalityDrive programme incentivises clients through valuable rewards.Advanced telematics technologyVitalityDrive is an incentive-based programme that gives clients valuable rewards for improving their driving. The programme uses the DQ-Track, the latest motor vehicle telematics technology, and proprietary algorithms to develop a scientific measure of driver behaviour.The application of advanced telematics technology ensures that Discovery Insure clients are safer and better protected on South Africa’s roads.Led by industry veteran Steffen Gilbert, Discovery Insure will offer comprehensive vehicle, personal and household cover.“I am delighted to head up a new business within the Discovery fold that we see improving the level of competitiveness in the market by rewarding members, not penalising consumers,” said Gilbert. “Innovation has been a hallmark of Discovery’s growth, and we intend to stay true to that ethos with Discovery Insure.”SAinfo reporterWould you like to use this article in your publication or on your website? See: Using SAinfo materiallast_img read more

Miami East names Laycox member of the month

first_imgShare Facebook Twitter Google + LinkedIn Pinterest The April 2018 Miami East-MVCTC FFA Member of the Month is Tyler Laycox. He is the son of David and Stephanie Laycox of Troy and Kelli Ordway of Dayton. He is a freshman and first year member of the Miami East-MVCTC FFA Chapter.Tyler has participated in a variety of FFA opportunities in his first year of membership, including State Greenhand Conference and National FFA Convention. He competed at then County and District Novice Parliamentary Procedures and District Rural Soils Evaluation Career Development Events. He sold over $1,000 in fruit sales and plans to attend the Chapter Exchange program to Minnesota this coming June. His Supervised Agricultural Experience consists of designing and marketing custom made birdhouses.Every month of the school year the Miami East-MVCTC FFA will select a student to be the FFA Member of the Month. The officer team will nominate one member that has been actively involved in the FFA chapter, school and community activities. If selected, the member will be recognized at the monthly FFA meeting, have their picture displayed in the Miami East Ag Room, and will receive a special accolade in celebration of their accomplishment.last_img read more

Bing Keeps Growing While Yahoo’s Steady Decline Continues

first_imgA Web Developer’s New Best Friend is the AI Wai… Why Tech Companies Need Simpler Terms of Servic… 8 Best WordPress Hosting Solutions on the Market Top Reasons to Go With Managed WordPress Hosting Google’s dominance in the search engine market isn’t likely to end anytime soon, but Microsoft’s Bing managed to continue its slow but steady growth last month, even though the search engine market in general remained at seasonal lows. According to the latest data from Compete, Bing’s market share only grew from 8.7% in August to 8.8% in September, but the total query volume on Bing grew 8.2%. All the other large search engines – except for Ask – registered a decline in total search queries last month.YahooYahoo Search continues its steady decline. Yahoo Search lost another 1% market share last month and has now lost a total of 5% since September 2008 when it still owned 18.8% of the market according to Compete. The total search volume on Yahoo was down 8% and Yahoo served 100 million less queries in September than August. Google, Ask and AOL Hold SteadyGoogle’s market share grew slightly from 72.3% to 72.6%, while Ask and AOL remained stable. Based on this data, Bing seems to be eating into Yahoo’s market share, but isn’t growing at Google’s expense. center_img frederic lardinois Searches Per DayCompete’s Marko Madjarac points out that Bing’s numbers are even more impressive when we take into account that Bing’s users tend to perform fewer searches on the service (5 searches per user per day) than Google’s users (5.6 searches). Bing apparently lives up to its promise to get users to relevant answers faster than any other search engine. Yahoo users performed an average of 7.8 searches per day. Related Posts Tags:#Google#Microsoft#news#NYT#search#web#Yahoo last_img read more

Why Gretzky Had It Easy

One of the most interesting statistical nuggets I ran into while researching a piece about NHL goalies was the improvement in leaguewide goaltending over the past 30 years. It hasn’t just been a small improvement — the league’s save-percentage leaders during the 1980s and early 1990s put up statistics that would rate below-average in recent seasons.Here’s the league’s average save percentage since the 1983-84 season, when the NHL began tracking shots against:Save percentage rapidly increased during the so-called dead-puck era of the 1990s and early 2000s. It’s no coincidence that over that period, the NHL’s rate of scoring also dropped sharply. A lot of fans blame strategies such as the neutral-zone trap and left-wing lock for triggering the dead-puck era, but more of the blame belongs to better goalies.As for why goalies are so much better now, well, that’s a subject of much debate in hockey circles. One of the most popular explanations is that the sheer size of goaltending equipment has exploded since the 1980s. That’s hard to argue when you look at how pads have grown over time. But since pad size first became a talking point in the mid-to-late 1990s, the league has gone to some lengths (no pun intended) to police the dimensions of puck-stopping technology — and it’s had scarcely any effect on save percentages.Instead, I think a bigger reason save percentages improved so sharply in the 1990s was a dramatic change in the goaltending techniques being employed.During the 1980s, the prevailing style was still the so-called stand-up method, in which a goalie largely remains upright on his skates while making saves, using his stick and skates to stop low shots. In the middle of the decade, though, goaltending phenom Patrick Roy made his NHL debut. Emboldened by recent advances in arm and chest protectors, Roy used a different technique — the “butterfly” — wherein the goaltender drops to his knees to make saves, effectively sealing off most shooting targets along the bottom third of the net.Using the butterfly, Roy was sensational — he backstopped the Montreal Canadiens to the Stanley Cup as a 20-year-old in 1986 — and it wasn’t long before the butterfly style spread throughout the league. The effect was profound. Stand-up goalies who were the mainstays of the mid-1980s were almost completely phased out of the game within a decade, replaced by a younger generation who used the butterfly or at least a hybrid technique featuring butterfly elements.In retrospect, this seems like an obvious tactic — it’s a goaltending truism that the majority of goals are scored on shots at or near ice level — but older equipment made dropping low a dangerous proposition. Once falling to the ice became safer, goalies no longer had to rely purely on reflexes, instead being able to stop a greater percentage of low shots on technique alone. It’s no surprise that save percentages skyrocketed when one of the most common subsets of shots suddenly became much tougher.One final note: Watch the Wayne Gretzky highlight reel below and pay particular attention to the goalies in the early portion of the video, when the Great One was with the Edmonton Oilers.Compared with today’s game, you can really see the difference in goaltending technique (notice how many of the goalies tried to stop Gretzky’s shots without dropping to the ice). Modern goalies are more athletic and mobile, and, yes, their pads are plainly bigger. But they’re also using a style much more grounded in the probabilities of where pucks are shot. read more

The Seattle Seahawks Are Now Underdogs To Make The Playoffs

What opponent would you least want to see on your favorite NFL team’s schedule? Most of you, I’d guess, would want to avoid Peyton Manning and the Denver Broncos. But after that?The Seattle Seahawks, despite their 3-3 record, remain a perfectly reasonable answer to this question. When our NFL Elo ratings come out later this week, they’ll have Seattle in third place — just slightly behind New England (and further behind Denver) and just slightly ahead of Dallas, Indianapolis and San Francisco. You could argue these cases — are you more afraid of the Seahawks defense or Colts quarterback Andrew Luck? Are you sure you’d rather play Seattle than Denver when the Seahawks already beat the Broncos this season — and demolished them in last year’s Super Bowl?It’s not as though Seattle’s season has been a disaster. The Seahawks have outscored their opponents by 18 points against a very tough schedule. Jeff Sagarin’s ratings at USA Today have them as the third-best team in football based solely on their performance this year.Our Elo ratings carry over performance from previous seasons, which helps Seattle some. This usually yields more reliable estimates of team strength, especially early in the season (six games is a small sample size). You could argue against accounting for prior years’ performance when a team is old or when its roster had turned over substantially. But Seattle’s hasn’t. It has brought its core back from last year, when it was the third-youngest team in football. Quarterback Russell Wilson is just 25, an age when most QBs are still improving.Nonetheless, the Elo ratings have the Seahawks as underdogs to make the playoffs. In the simulations we ran after Sunday night’s games, Seattle made the playoffs just 46 percent of the time.The Seahawks are harmed by playing in the NFL’s toughest division, in a deep conference and against a very tough schedule. A league-average team playing Seattle’s schedule this year would be expected to go 7-9 based on each opponent’s Elo ratings, so the schedule costs the Seahawks about one win.Seattle will also need to finish with an 11-5 record or better to be assured of making the playoffs. In simulations where Seattle finished 9-7 — its most likely record according to Elo — it made the playoffs just 23 percent of time, well below the historical average for 9-7 teams of about 50 percent.Nor may a 10-6 record be good enough. In our simulations, Seattle won the NFC West only 27 percent of the time with that record. More often, a 10-6 Seattle team made the playoffs as a wild card. But the NFC playoff picture is crowded. Seattle would have to compete for two wild card slots along with whichever team finishes second in the NFC East (probably Philadelphia or Dallas), whichever team finishes second in the NFC North (probably Detroit or Green Bay) and whichever other NFC West team (San Francisco or Arizona) also misses out on the division title.And while an 11-5 record was almost always good enough for Seattle to make the postseason, it only earned the Seahawks a division title 60 percent of the time. That means they’d start their playoffs on the road — depriving them of the benefit of the NFL’s biggest home-field advantage.Perhaps the Seahawks don’t have much right to complain — it was only four seasons ago when they made the playoffs as a 7-9 team in an awful NFC West. But the trend toward smaller divisions in sports makes odd outcomes like this more likely. If Seattle makes the playoffs, it will certainly have earned it. read more

BAHAMAS Administrations investments in education healthcare communities and economy to ensure renaissance

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp#Bahamas, January 24, 2018 – Nassau – The Minnis Administration will channel resources into areas such as education, healthcare, social development and economic opportunities – including jobs and opportunities to become entrepreneurs and businesspersons – as part of its commitment to provide Bahamians with the resources and opportunities they need “to build a good life and a better Bahamas.”“That is my vision and commitment as Prime Minister,” Dr. the Hon. Hubert A. Minnis said while addressing the 17th Jones Communications Network’s (JCN) Person of the Year and Civil Society Awards Ceremony held at Jones Communications Media Centre, University Drive.“We will only truly achieve success as a nation when more of us succeed.  This is why I am committed to the redevelopment of Over-the-Hill and to providing training and other opportunities for entrepreneurship for young Bahamians.  This is why I am also committed to Family Island development and to a rebound and renaissance for long-struggling Grand Bahama,” Prime Minister Minnis added.Prime Minister Minnis, who was named Jones Communications Network’s Person of the Year for 2017, used the opportunity to further explain the path his Administration will take in order to “build a better Bahamas while providing greater opportunities for Bahamians – especially our young people.”The Prime Minister said his Administration will use the tools of education and the internet to “help our young Bahamians succeed and flourish.”“This is why I have an emphasis on improving pre-school and introducing more technology-based learning into our schools.  This is why my Government will introduce an ambitious programme for the development of young entrepreneurs. This is why I have insisted on introducing free WiFi to communities Over-the-Hill.”Recalling the story of the legendary German Printer/Inventor Johannes Gutenberg (Johannes Gensfleisch zur Laden zum Gutenberg his full name) who has been credited with being the first European to use movable type, Prime Minister Minnis said Gutenberg’s introduction of mechanical movable type-printing began the Printing Revolution and is regarded as a milestone of the second millennium, ushering in the modern period of human history.“Gutenberg played a key role in the development of the Renaissance, Reformation, the Age of Enlightenment and the scientific revolution and laid the material basis for the modern, knowledge-based economy, and the spread of learning to the masses.“Gutenberg’s accomplishment helped a mass of people to realize their talents and imaginations,” Prime Minister Minnis continued, “this included the great inventor and artist Leonardo da Vinci who had around 300 books in his library.“Today, the tools that will help our young Bahamians to succeed and flourish are education and the internet,” Prime Minister Minnis added in driving home his point about his Administration’s decision to provide free WiFi to Over-the-Hill communities and the introduction of more technology-based learning in schools.“The Internet is like the Gutenberg Press, enabling the mass of people to use it for learning and personal development.  The internet is one of the greatest learning tools in human history,” Prime Minister Minnis added.  The Prime Minister said as a “son of Bain Town” he knows the value of education.“I could never have dreamt of being here to receive such a award. But through education, I was able to develop my talents and gifts.  My commitment is to help our young people realize their talents and gifts so that they can contribute to our Bahamas in a meaningful way.  Who knows from whence will come our own Leonardo da Vinci, or the next Max Taylor, or Brent Malone,” Prime Minister Minnis said.By: Matt Maura (BIS)Photo caption: Prime Minister, Dr. the Hon. Hubert Minnis – ‘Person of the Year’ for 2017 addresses the 17th Jones Communications Network’s (JCN) Person of the Year and Civil Society Awards Ceremony at Jones Communications Media Centre, January 19, 2018.(Photo/Yontalay Bowe, Photographer/Social Media) Facebook Twitter Google+LinkedInPinterestWhatsApp Related Items:last_img read more