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News2019-07-11T15:48:17+00:00

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When it comes to White Collar Crime, the Insurance industry is exposed on two fronts: as both victim and as protector. Insurers lose billions to bogus claims, potentially fueling fraudsters if unreported. They also offer many corporate clients their first form of defense against fraudulent activities and theft by [...]

Clients who insure through CIB are conducting business with one of the best performing brands in the South African short term insurance industry. A recent analysis of the Ombudsman for Short Term Insurance (OSTI) 2016 Annual report confirms CIB would have featured in the top quartile of insurers – [...]

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The Minister of Finance announced an increase in the Value-added tax (VAT) rate in his budget speech on 21 February 2018. The standard rate of VAT will change from 14% to 15% with effect from 1 April 2018. Short-term insurance premiums are subject to VAT therefore VAT inclusive Sums [...]