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
25-year deal signed for new Port of Durban LPG terminal
A 25-year terminal operator agreement to develop and operate a new R1.4-billion liquefied petroleum gas (LPG) terminal at the Port of Durban’s Island View precinct has been concluded. The deal was...
South Africa sued over coal plant pollution exemptions
Environmental Activists sued South Africa’s environment department over its March decision to allow State-owned Eskom to breach emission rules at eight coal-fired plants. The court case was filed...
Attacq appoints Peter de Villiers as interim CFO
JSE-listed real estate investment trust Attacq has appointed Peter de Villiers as interim CFO, with effect from February 1. This follows the November announcement that current CFO Raj Nana has...