Consort Technical Underwriting Managers News
By: Kobus van Niekerk The Insurance Industry stands on the brink of substantial growth in the Electronic Equipment Insurance market.
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...
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Chief economists have divergent views on AI stock gains, regional economic growth – WEF
The World Economic Forum (WEF) finds in its latest 'Chief Economists’ Outlook' publication that 53% of respondents expect global economic conditions to weaken in the year ahead, down from 72% of...
World Bank’s South African GDP growth forecast shows local reforms working – GCIS
The World Bank’s outlook projects that GDP growth in South Africa will increase to 1.4% this year and 1.5% in 2027, which reflects the positive impact of continued reform momentum, particularly in...
Companies to double investment in AI in 2026
Companies are planning to double their spending on AI technology this year, which represents more than twice the increase for 2025, says management consulting firm Boston Consulting Group (BCG) in...