Discovery Insure, a subsidiary of Discovery, has concluded a partnership with SqwidNet, the Sigfox Operator in South Africa.
“This is an opportunity for us to cement our commitment to driving innovation through IoT in South Africa,” says Phathizwe Malinga, managing director at SqwidNet.
SqwidNet is driving innovation through a nation-wide IoT network that is low-cost and low-power. With its growing partner network, SqwidNet gives business access to an IoT ecosystem that brings their assets to life.
Discovery Insure is the fastest-growing short-term insurer in the country. In full-year results 2018, Discovery Insure had a strong period, turning to profitability to deliver a full-year profit of R68 million. Gross Premium Income grew 28% to R2.7 billion and new business increased by 17% to R1.05 billion.
“At SqwidNet, we drive innovation through IoT, enabling our partners to use our technology to create new business models that ensure they succeed in a fast-paced digital age,” says Malinga.
“Through embracing IoT, Discovery Insure will be able to augment their signatory solutions and bring new solutions to the market, providing their clients with even more value.”
Discovery Insure’s strong performance over the period was driven by the continued success of the Vitality Shared-Value Insurance model, which
“As a data-driven business who uses this information to change
The partnership between SqwidNet and Discovery
Digital transformation needs to be achieved using various technologies, and LPWANs help business
“We are very excited about these projects with Discovery that reflect our commitment to foster adoption and the creation of new IoT-related use cases in South Africa. We are at the cusp of a technological revolution with limitless applications,” Ludovic Le Moan, founder,
“We are delighted to be playing a pivotal role alongside SqwidNet in driving adoption across South Africa, as reflected by the signing of this major contract with Discovery.”
As South Africa sits on the edge of the Fourth Industrial Revolution, its potential is determined by technology and a commitment to innovation. These two foundations are built through collaboration and investment on the local frontiers.
With its global footprint and long-term partnership with Sigfox, SqwidNet is focused on developing relationships that are designed to ignite digital transformation and foster ongoing innovation.
To date, SqwidNet’s open access ecosystem has created inventive solutions that have addressed and overcome significant local challenges.
As the exclusive network operator of Sigfox in South Africa, SqwidNet has engaged with the Discovery