VAT hikes, trade shocks and the short-term insurance squeeze
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The short-term insurance industry is facing increased pressure from two directions:
proposed domestic tax hikes and global trade uncertainty. Taken together, these
developments are likely to deepen financial strain on policyholders while simultaneously
threatening the growth and stability of the insurance sector itself.
Matthew Gezane, Franchise Development Manager at Consult by Momentum, unpacks how these twin forces are affecting both businesses and individual policyholders - and what it means for the economy at large
proposed domestic tax hikes and global trade uncertainty. Taken together, these
developments are likely to deepen financial strain on policyholders while simultaneously
threatening the growth and stability of the insurance sector itself.
Matthew Gezane, Franchise Development Manager at Consult by Momentum, unpacks how these twin forces are affecting both businesses and individual policyholders - and what it means for the economy at large
