Consort Technical Underwriting Managers News
We are nearing the end of another year in the insurance industry - a time to reflect on both achievements and the inevitable setbacks. While some outcomes may not have gone as planned, every...
Rethinking Engineering Insurance in the Age of AI
By: Alexandra Mattisson Industries are racing into a future shaped by AI, robotics, and automation, but engineering insurance is still playing catch-up. The machines we insure today aren’t the ones...
Reinstatement and deductibles: what you need to know
Reinstatement of the sum insured Other than Public Liability policies, there are policies that refer to a sum insured versus a limit of indemnity. When it comes to a sum insured under a policy, the...
Understanding deposit premiums and declarations
By: Kobus van Niekerk Most short-term insurance policies are annual policies with a predetermined premium, which can be paid monthly. Historically, many Financial Service Providers (FSPs) have...
Latest News by Engineering News
Trade union the National Union of Mineworkers (NUM) has again stated that it rejects the unbundling of State-owned Eskom in any form. It says the policy of separating Eskom into various entities,...
Manufacturing production increased by 0.2% y/y in October
National statistics agency Statistics South Africa (Stats SA) says manufacturing production increased by 0.2% year-on-year in October, with eight of the ten manufacturing divisions reporting...
CSIR launches new hot isostatic press in Pretoria
A state-of-the-art hot isostatic press (HIP) facility has been unveiled by the Council for Scientific and Industrial Research (CSIR), in Pretoria, Gauteng, providing South African manufacturers...