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
Gauteng agency declares OR Tambo SEZ Precinct 2 'open for investment'
In marking a significant step in South Africa’s industrial development journey and turning eastern Gauteng into an aerotropolis, FNB Gauteng Business and the Gauteng Growth and Development Agency...
IFC extends loan to Ilovo Sugar Malawi to upgrade irrigation at Nchalo Sugar Estate
Development finance institution the International Finance Corporation (IFC) has said it will provide a $36-million local-currency-linked loan facility to Illovo Sugar Malawi to finance upgrades to...
Numsa signs three-year wage agreement in the tyre sector
The National Union of Metalworkers of South Africa (Numsa) has concluded a three-year wage agreement in the tyre manufacturing sector, effective from July 31 this year to June 30, 2028. In a media...