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Overview: Growth of Insurtech in Australia

Overview: Growth of Insurtech in Australia

Gain insight into the developments underway in the insurtech world in Australia. “Insurtech is creating new pathways in an old industry. It’s the most exciting industry in the world today,” says Laura Dabrik, Chief Evangelist at Guidewire Software. “Right now, insurance is on the cusp of large-scale change”.  Insurtech companies in Australia are looking for ways to streamline operations and make communication more efficient using digital technology. Companies using insurtech in Australia are more effective and serve their customers when they need it the most. We explore the future of insurtech in Australia. What is Insurtech? Insurtech is the combination of insurance and technology. Its goal is to make current insurance models more efficient. It enables insurers to offer ultra-customized policies, create on-demand insurance for special events and offer insurance policies for a more competitive price.  Technologies involved in developing insurtech include data analysis, artificial intelligence, ant the Internet of Things, or GPS tracking. Why Australia is attractive for insurtech companies “Australia is fast becoming a global centre for insurance innovation, as demonstrated by in the rapidly increasing size of our insurtech ecosystem." Australia’s insurtech industry is booming. The number of insurtech companies increased by 53% in 2019. Market observers specialised in the Australian market believe that 71% of new start-ups are now post-revenue or post-profit. Simon O’Dell, CEO to Insurtech Australia, said: “Australia is fast becoming a global centre for insurance...

Overview of Agribusiness Opportunities in Brazil

Overview of Agribusiness Opportunities in Brazil

Find out the available agribusiness opportunities in Brazil and how foreign agribusiness actors can take advantage of them. Brazil is one of the BRIC countries and the fifth largest country in the world covering 8,511,000 square kilometers, with 209 million people inhabiting the country.Brazil is a country that is made for agribusiness. The country possesses pleasant climate conditions, geographical diversity including a coastline, low-cost labor, varied climates in favor of livestock and unexplored fertile lands. Brazil borders with 10 countries in South-America making them an important trade partner. Brazil is currently the ninth-largest economy in the world based on nominal GDP making them attractive for foreign entrepreneurs. What is the nature of agribusiness in brazil? Brazil is the world’s largest producer and exporter of sugar, coffee, orange juice, and soybean. Brazil’s significant influence on global agribusiness is undisputable. Brazil is the world’s largest producer and exporter of sugar, coffee, and orange juice, and the country is also a major world producer and exporter of products like soybeans, ethanol, poultry chicken, corn, pork, and beef. Brazil’s agribusiness industries represent 19% of the country’s GDP. Moreover, one-third of Brazil's employment in agribusiness and almost making up 44% of their exports. Agriculture and livestock have always been a major contributor to the country’s wealth.Over the last few years, the modernization of Brazil's agribusiness has increased significantly. For example, tractor sales surged by 50% over the last 11...

Business and Finance Expert Loren Moss Discusses Commerce in Colombia

Business and Finance Expert Loren Moss Discusses Commerce in Colombia

Biz Latin Hub’s Chelsea Heywood was privileged to connect with Loren Moss, Executive Editor and Publisher of Finance Colombia. Loren also juggles publishing, editorial, and business intelligence and analysis operations for FinanceAmericas, Cognitive Business and Unido Digital. Loren Moss discusses his pathway to developing quality English-language news publications for finance and commerce in Colombia, and insights on opportunities, challenges and the evolution of commerce in Colombia and the wider region. Loren discusses his pathway to developing quality English-language news publications for finance and commerce in Colombia, and provides insights on opportunities, challenges and the evolution of commerce in Colombia and the wider region. What motivated you to produce leading English-language publications Finance Colombia and FinanceAmericas? I was working as an analyst for a research firm in the US, covering Latin America. I was living in Miami, and I got tired of Miami after having lived there for about 5 years. I already knew Colombia very well, and had been impressed by the economy’s progress and the gains the country was making socially and politically. So, I decided to spend some time down here. I had maintained apartments in Colombia, but hadn’t lived here full time. I decided to live here and make Colombia my formal address. So, your time living here in Colombia is what drove you to create those publications in English? I saw that there was no English language business publication focussed on commerce in Colombia. There were general lifestyle publications for...

How To Manage Commercial Challenges in Argentina?

How To Manage Commercial Challenges in Argentina?

When it comes doing business, Argentina represents an attractive destination. It has one of the largest economies in the region, with a diverse range of national sectors (notably oil and gas, agriculture, tourism and IT) and a highly educated workforce. Additionally, it has an abundance of natural resources and an advantageous geographical position for imports and exports. Nonetheless, when operating in Argentina, several challenges may be faced.  Commercial Challenges in Argentina - Establishing a Local Company Although the new Simplified Shares Company (SAS) has been implemented, which simplifies the company incorporation process to a certain point, establishing a legal entity in Argentina is complex and takes time. Apart from the SAS, there are the Public Limited Companies (SA) and the Limited Liability Company (SRL). If you are looking to incorporate a local company, it is advisable to work with a local legal firm who can assist with the incorporation process, including the filing of documentation with the local authorities.  Taxes When you settle in Argentina, you should familiarize yourself with the local tax system. Taxes are managed by the Administración Federal de Ingresos Públicos (AFIP) at the national, provincial and municipal level. Sworn statements corresponding to the commercial activity of the business must be submitted regularly to AFIP, and therefore, hiring a local accountant is the best option to avoid potential fiscal problems.  Recruitment If you decided to enter the market through a company formation, you may at some stage decide to hire staff....

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