VAT update

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 Insured and Premiums will be increased [...]

By | 2018-03-27T14:44:33+00:00 March 26th, 2018|News|0 Comments

CIB Appoints Elsa Jordaan as Executive: Claims & Legal

CIB (Pty) Ltd has appointed Elsa Jordaan as its new Executive Head of Claims and Legal. Previously a general insurance and dispute resolution director at Norton Rose Fulbright, Elsa has been advising on a range of insurance matters, including professional indemnity, computer crime/cyber liability, aviation, medical malpractice, personal injury, and public liability. Elsa joins CIB [...]

By | 2017-10-13T12:30:11+00:00 October 13th, 2017|News|0 Comments

CIB’s Claims Experience Once Again Among Best in SA Market

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 – for the second year running. [...]

By | 2017-08-25T11:31:49+00:00 August 10th, 2017|News|0 Comments

CIB White Collar Crime workshop sets expectations around fighting fraud

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 employees. This places the insurer in [...]

By | 2017-08-25T11:31:39+00:00 July 6th, 2017|News|0 Comments

CIB acquires specialist underwriting manager FPA

29 June 2017, Johannesburg. CIB (Pty) Ltd announces the acquisition of specialist underwriting manager; FPA Underwriting Managers (Pty) Ltd. The change of ownership comes into effect 1 August 2017 and will see FPA (better known as FIRSTPROP) become a division of CIB. CIB aims to be the preferred choice for professional brokers for client business [...]

By | 2017-08-25T11:31:28+00:00 July 1st, 2017|News|0 Comments

Hot off the Press – CIB launches Marine Division

Open waters can pose any number of threats to both vessels and cargo. Then there is the reality that cargo might also be transported by airfreight, road, or rail - each with its own unique risks. This makes marine insurance a highly-specialised and niche product. CIB is excited to enter this market with our CIB [...]

By | 2017-08-25T11:31:16+00:00 July 1st, 2017|News|0 Comments
Submit Claim OnlineCIB DocumentsBecome a broker