by Alexandra Mattisson | Oct 6, 2025 | Consort
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 we insured yesterday, and they are certainly not the ones we’ll insure tomorrow. Just as...
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 Kenneth Lourens | Jun 2, 2025 | Consort
Insurance considerations and risk mitigation of power surges Increasing insurance claims With the rise in load-shedding and electricity disruptions, Insurers have experienced a ‘surge’ in claims related to damaged electronics and other related electrical appliances...
by Kenneth Lourens | May 5, 2025 | Consort
Understanding power surges A power surge, also known as a transient, is a brief but intense spike in electrical current, voltage, or power within an electrical circuit. This phenomenon occurs when there is an interruption in the electrical flow, followed by a sudden...
