Practice

Risk & Insurance Engineering

Independent engineering assessment for insurers, brokers and asset owners — quantifying what is actually at risk, what it is worth, and what would reduce the exposure.

The challenge

Risk decisions get made on documents. Documents are frequently out of date.

Underwriters price what they can see. Asset owners insure what they think they own. Between those two positions sits a gap made of unrecorded modifications, replacement values calculated years ago, fire systems that were never re-commissioned after a plant change, and machinery whose protection is assumed rather than verified.

Aurixs closes that gap with engineering evidence. Our surveys and valuations are performed by engineers who understand the plant as an operating system — so the output supports underwriting, capital planning and loss prevention, not just a policy renewal.

Accurate
Sums insured and reinstatement values
Defensible
Risk position with evidence
Targeted
Loss prevention recommendations

Capabilities

What this practice covers

Risk engineering surveys

On-site engineering assessment of process, fire, machinery and natural hazard exposure, with graded recommendations.

Asset valuation & verification

Physical verification and valuation of plant and equipment for insurance, financial reporting and capital planning.

Fire safety audits

Assessment of detection, suppression, compartmentation and emergency response against applicable standards and actual plant layout.

Machinery breakdown risk

Condition, protection and criticality assessment of rotating and electrical plant, including single points of failure.

Business interruption analysis

Identification of bottleneck assets and realistic recovery timelines, informing BI values and contingency planning.

Contractor & compliance assurance

Review of contractor management, permitting and statutory compliance where these drive both risk and liability.

How we work

Our approach

Brief

Agree scope with the insurer, broker or owner — asset boundaries, valuation basis and reporting format.

Survey

Structured site assessment covering process, protection systems, machinery condition and management controls.

Quantify

Establish values, exposures and realistic loss scenarios, including interdependencies between production units.

Report & support

Deliver graded findings with practical recommendations, and support the follow-up conversation with underwriters.

Deliverables

What you receive

Tangible, usable outputs — structured for the systems and people who have to live with them after we leave.

Discuss your scope

Risk engineering survey report with grading
Asset register verification and tagging record
Insurance and reinstatement valuations
Fire safety audit with prioritised findings
Machinery breakdown exposure assessment
Business interruption bottleneck analysis
Loss prevention recommendation register
Executive summary suitable for underwriter submission

FAQ

Common questions

Both, though not on the same asset at the same time. Our value is engineering independence — the assessment reads the same regardless of who commissioned it.

Most insurers expect a formal revaluation every three years, with indexation between. Where a plant has been modified or expanded, that cycle is too slow — the change should trigger the update.

It can materially improve the negotiating position. Underwriters price uncertainty; documented evidence of protection, condition and controls removes the loading applied to unknowns. We cannot promise a rate outcome, but a defensible risk position is what makes one possible.

Yes. Our teams work across Southern Africa and into the wider continent, and our UK office supports European and international clients.

Keep exploring

Ready to talk about risk & insurance engineering?

Send us the context — asset type, current pain, and what good would look like. We will respond with a practical view of scope and sequence.

Talk to a specialist Explore our services