Grid failure and insurance: understanding and managing the risks

Please join our South African insurance team and industry expects for a discussion on: Grid failure and insurance: understanding and managing the risks

Part 1- the technical bit

• Context: Electricity generation in South Africa
• What is the grid?
• The causes and mechanics of grid failure
• Understanding and distinguishing total grid failure, regional and local failures, and loadshedding
• No electricity supply versus quality of supply
• The likelihood of grid failure
• The black start

Part 2-the legal bit

• The principles of insurance and acceptable versus unacceptable risk.
• The uncertainty and concentration of the risk in the context of grid failure
• Causation and proximate cause in the context of grid failure
• What is direct or consequential loss?
• General principles for wording grid failure exclusions