SAIA

South African Insurance Association

+27 11 726 5381

About Us

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About

The South African Insurance Association (SAIA) is the representative body of the short-term insurance industry. It represents the industry to all relevant stakeholders to ensure a sustainable and dynamic industry. SAIA has 59 members, comprising all categories of short-term insurers, including reinsurers. Its members abide by the SAIA Code of Conduct, which ensures adherence to best-practice industry standards and self-regulation.

Vision

To promote and represent the interests of the short-term insurance industry, while leading and enhancing the efforts of the industry to become recognised and trusted as an important contributor to the South African economy and society.

Mission

  • To encourage fair and ethical treatment of short-term insurance customers
  • To favourably represent the short-term insurance industry in such a way that all stakeholders have trust and confidence in the industry
  • To create an environment in which industry members can share information, debate important and relevant issues, and create a common vision for the short-term insurance industry
  • To create opportunities for the industry and to embark on initiatives that will enhance its image and reputation amongst all stakeholders
  • To promote understanding of short-term insurance to all stakeholders
  • To promote awareness of the industry and its contributions to society and the South African economy

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MBR Certification

ar 2017

SAIA News

VAT Increase 15%

VAT Increase 15% May 21, 2018

The following questions and answers have been compiled to provide guidance in respect of the impact of the change in VAT rate on short-term insurance transactions. It has been prepared in accordance with the VAT Act, Short-term insurance specific SARS Binding General Rulings (BGR14, BGR32 and BGR37), Regulatory requirements and the common approach to the change to be applied across the industry.

From the Desk of the Chief Executive- May 2018 Bulletin

From the Desk of the Chief Executive- May 2018 Bulletin May 09, 2018

The Nedlac Financial Sector Transformation Workshop took place on the 5th and 6th of April, 2018. It was well-attended by our senior executives including CEOs from our member companies. The SAIA delegation agreed that despite the fact that agreements were not yet reached and cemented, the two days spent at the workshop were time well spent. Listening to the issues and perceptions other constituencies have with regards to the Financial Sector first hand was indeed valuable.

2nd Nedlac Financial Sector Summit

2nd Nedlac Financial Sector Summit May 09, 2018

While it was unfortunate that the 2nd Nedlac Financial Sector Summit did not take place on the 5th and 6th of April 2018 as it was anticipated, it is pleasing to note that the two days were still utilised effectively, with the Nedlac constituencies coming together and utilising the time as part of the negotiations build up to the Summit instead.

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R80 million Spent on consumer ed.
35% Est. vehicles insured
R102.8 billion Gross written premium
56 Member companies