Category: Business Insurance

• Featured: Climatic Catastrophes and the role of the insurance industry

  Climatic Catastrophes and the role of the insurance industry It was as early as the 1970’s when German insurance giant Munich Re first warned about the economic impact of global warming, after it noticed that weather-related damages across the planet were rising, with flooding being the major perpetrator. Some forty-odd years later and clear evidence…

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  Rest insured with your AirBNB

  With the booming worldwide success of Airbnb, many local property owners have found it far more lucrative to rent out a property by the day than to have a long term tenant.   Today, South Africa boasts in excess of 13 000 Airbnb ‘rentrepreneurs’, which host around 400 000 guests annually. But before you fluff up…

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• How VAT increase impacts the insurance industry

  How VAT increase impacts the insurance industry Let’s first take a hike back in time. In 1991, South Africa introduced Value Added Tax (VAT) to replace General Sales Tax (GST) as an indirect tax at a statutory rate of 10%, which increased to 14% in 1993. Fast forward 25 years. Facing a massive revenue shortfall…

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• Influencers and online content creators to beware of liability risks

  Influencers and online content creators to beware of liability risks With the number of social media influencers and content creators increasing almost daily, more and more people run the risk of criminal and civil liability for their online activities. This according to Johannes du Plessis, Legal Advisor at RBS (Risk Benefit Solutions Pty Ltd), an…

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• China is creating more of a buzz in the electric car market than the US.

  Shhhh. Can you hear that? It’s the quiet purr of the electric car invasion. In 2016, China registered over 350 000 new electric vehicles (EV’s), compared to only 159 000 in the US during the same time period (over half were in ever green-friendly California). While automotive analysts caution that China’s numbers could be inflated…

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