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The robots are coming … is insurance ready for AI?
The insurance industry is founded on predicting, as accurately as possible, whether or not a risk will materialise in a fast-moving competitive environment.
Global | Publication | September 2018
On August 17, 2018, the president of the Republic issued Decree No 3.584 (the Decree) through which the value added tax (VAT) was set at 16 per cent. This Decree was published in the Official Gazette of the Bolivarian Republic of Venezuela, Special Issue No 6.396, dated August 21, 2018.
The VAT general rate of 16 per cent represents an increase of four percentage points compared to the previous rate, which was set at 12 per cent in accordance with the provisions of article 62 of the VAT Law.1
Article 27 of the VAT Law authorizes the National Executive Government to revise the general rate between 8 per cent and 16.5 per cent.
Article 3 of the Decree set the effective date for September 1, 2018; therefore VAT taxpayers must apply the new rate of 16 per cent for their operations levied from that date on.
Law establishing Value Added Tax, published in Official Gazette No 6.152 Special, dated November 18, 2014.
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The insurance industry is founded on predicting, as accurately as possible, whether or not a risk will materialise in a fast-moving competitive environment.
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The increasing frequency and severity of climate-related natural disasters is having a big impact on physical risk exposures and the increasing protection gap.
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On 6 September 2022, the European Commission (EC) prohibited Illumina’s acquisition of Grail, bringing to an end the administrative stage of a legal saga that has attracted interest beyond competition law specialists.
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