Time is indeed flying! I cannot believe we are almost done with 2018 Q3. Our industry has remained a major player in a number of wide ranging projects and initiatives that positively contributes towards our country’s economic growth. Our members remain very active in several initiatives that enable mega projects, undoubtedly making us a key stakeholder in the economic development of our country.
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.
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.
- 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
The designation of insurance groups, controlling companies and financial conglomerates. Sep 04, 2018
The designation of insurance groups, controlling companies and financial conglomerates strengthens prudential oversight and makes enhanced supervision possible.
Improving and deepening financial literacy through the use of local languages (Mother tongue) Sep 04, 2018
According to the Consultative Group to Assist the Poor (CGAP) about 2 billion working-age adults world-wide, do not have a bank account with a formal financial institution.