by Kobus van Niekerk | Sep 10, 2025 | Consort
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 Insurer/Underwriter should have an Automatic...
by Kobus van Niekerk | Aug 6, 2025 | Consort
Most short-term insurance policies are annual policies with a predetermined premium, which can be paid monthly. Historically, many Financial Service Providers (FSPs) have issued monthly renewable policies, i.e., month-to-month renewal with a set anniversary date. At...
by Kobus van Niekerk | Jun 30, 2025 | Consort
Pillars of insurance The country’s economy has been around for as long as trade between people began, insurance quickly formed part of the financial doctrine of how the economy operates sustainably through structured insurance contracts and loss reactions to create...
by Kobus van Niekerk | Jan 6, 2025 | Consort
Insurance, a legal contract, has been advertised as a commodity lately, like the utensils we use in the kitchen. Even the conclusion period of an important contract is measured in minutes, with no regard to the details of the contract conditions. The first lesson in...
by Kobus van Niekerk | Feb 15, 2023 | Consort
Construction plant and equipment requires substantial capital investment. It is therefore important that the sum insured requirements are correctly reflected in the insurance policy concluded by the owner of the equipment. Consort wishes to point out certain important...
