Non-life

Significantly lower vehicle price inflation gives consumers reason to cheer

Lower vehicle price inflation is providing significant relief to embattled consumers, with the TransUnion SA Vehicle Pricing Index (VPI) for new and used vehicles dipping significantly to 2.6% and 2.5% in the second quarter of 2018. This follows the 5.4% and 3.6% recorded in the same period last year. The VPI for new passenger vehicles has dipped below inflation for the fourth consecutive quarter.

Ransomware attackers get targeted

During 2017, the WannaCry ransomware attack impacted more than 300,000 people across 150 countries in less than two days. In 2018, criminals are evolving their tactics, including launching well-researched, targeted attacks intended to infect specific, high-value assets known to hold critical data.

Make sure your Airbnb rental property is insurance compliant

Airbnb, the service that allows you to turn your residential property into a guesthouse, has enjoyed phenomenal growth in South Africa over the last few years thanks to daily holiday rentals that can be more lucrative than long-term letting. However, many budding Airbnb entrepreneurs could be inadvertently falling foul of their insurance policies, says Standard Insurance Limited.

Distinctive corporate insurance