South African Underwriting Managers Association




IMPORTANT NEWS

Friday 8th May Annual SAUMA Conference 2015 ... [click here to book now]  

Welcome to the South African Underwriting Managers Association

  • Established in 1999.
  • Over 80 Members by 2009
  • Representation at IISA, FSB
  • Ongoing Communication with Ombudsman - both FAIS and Short Term
  • SAUMA Board Members have recently attended Parlilament to state the case of the UMA
  • Minimum criteria to become a member of SAUMA including :
  • Professional Indemnity of R5m
  • Fidelity Cover of R1m
  • Underwriting Managers are experts in their niche fields
  • SAUMA is fully supported by the FSB
  • SAUMA is the only line of communication between FSB and Underwriting Managers

Front row from left to right : Tersia Davey - Chairperson (Natsure), Christine Sounes (SAUMA Manager), Andre de Waal - Vice Chairman (Commercial & Industrial Acceptances) Natasja Blok (Thatch Risk Acceptances)
Back Row from left to right : Curt Meyer (Mirabilis Engineering Underwriting Managers),
Rory Gainsford (HICSA), Drew Schnehage (Aquarius Underwriting Managers),
Steve von Roretz (Leppard & Associates), John Towsey (New Wheels Underwriting Agency),
Stuart Benfield (PrimaryAsset)

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5 recruitment myths which could harm your talent acquisition strategy
Fri, 28 Aug 2015

Anja van Beek, HR Director for Sage HR Payroll and Chief People Officer Sage AAMEA (Africa, Australia, Middle East and Asia) Most companies understand that they will not succeed unless they recruit and retain the best possible talent.


FAIS Act debarment is industry-wide
Fri, 28 Aug 2015

By Patrick Bracher, Director Norton Rose Fulbright South Africa Inc. If a financial services provider debars one of its representatives in terms of section 14(1) of the FAIS Act 2002 on grounds relating to honesty and integrity, the debarment means that the representative is debarred on an industry-wide basis from rendering financial services to the investing public.


Is all fair with love and equity in the workplace?
Thu, 27 Aug 2015

By Rita Lally, Director SmartMoves Human Capital (Pty) Limited Following the amendments to the Employment Equity Act last year, did you know that as an employer, under Schedule 1, Section 6(1) you could be taken to the CCMA if you: unfairly discriminate, directly or indirectly, against an employee, in any policy or practice, on one or more grounds, including race, gender, sex, pregnancy, marital status, family responsibility, ethnic or social origin, colour, sexual orientation, age, disability, religion, HIV status, conscience, belief, political opinion, culture, language, birth or on any other arbitrary ground.


Africa’s executives are leaders in risk management – ahead of their global peers: PwC survey
Thu, 27 Aug 2015

Africas executives are increasingly concerned that risks to their companies are on the rise, according to PwCs Risk in review, 2015 survey released today. However, Africas executives and boards are taking effective steps to address risk strategy and management, putting them ahead of their global peers when it comes to being leaders in managing risk.


Without prejudice letter with admission of liability interrupts prescription
Thu, 27 Aug 2015

By Patrick Bracher, Director Norton Rose Fulbright South Africa Inc. When a debtor received a demand to repay the balance of a R10 million loan it replied that it would like to make a settlement proposal but the company was struggling to turn the business around.


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Pretium Compliance Corner
A Newsletter by PS Compliance Warehouse (Pty) Ltd with an emphasis on compliance issues. This is a personalised newsletter that is distributed to their clients, and as such, should be read with this in mind....

FSB Quarterly Reports Short-term
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Treating Customers Fairly: Items from the FSB
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Ethics in Business Presentations
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