s the South African construction and engineering space geared up for the challenges and opportunities 2019 has presented? While economic reform is sluggish, there is an element of cautious optimism.
In a featured article in the latest Cover Magazine, Tamara Ungerer shares insights into these challenges and discusses some of the key areas that the insurance industry should be aware of. Tamara is a Technical Commercial and Specialist Product Development Manager at our partner CIB.
“In addition to the economy, other factors of relevance in determining the success or failure for this industry range from construction methods, materials, workmanship, pricing and time. These factors all affect the overall exposures that need to be considered.”
Managing complex capital projects successfully across multiple vendors, strict budgets and tighter timelines is nothing less than an artform. So is crafting the kind of cover necessary to allow for just about any eventuality and liability.
You can view the full online magazine here.
CIB believe that engineering insurance must incorporate tailored products with skilled partners equipped with sound knowledge and expertise. Learn more about their products here.CIB-Editorial-Ad