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Tel : (011) 880-5132    Email : info@sauma.org



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

Press - RSS feed from Insurance Gateway ®


CÚlestin Monga appointed MD of United Nations Industrial Development Organization
Thu, 27 Nov 2014

Quantum Global group Advisory Board member takes top UN post GENEVA, Switzerland: A leading member of Swiss based Quantum Global groups Advisory Board (http://www. quantumglobal. ch) has today accepted a key UN post based in Vienna.


Household Insurance ľ Break-in by Physical Damage required
Thu, 27 Nov 2014

By Anton Du Randt, Director Norton Rose Fulbright South Africa A policy that indemnifies household contents insured for a break-in or theft that requires the observer to see physical damage will compensate the insured only if physical damage can be seen by the insurer after the event.


40% of UK MGAs to pursue M A opportunities over next three years
Thu, 27 Nov 2014

40% of UK MGAs are either currently involved in mergers and acquisitions or planning to pursue M A opportunities during the next three years in order to grow, according to the second MGAA Matters survey.


Regulatory reform - what role does the compliance officer fulfil today?
Wed, 26 Nov 2014

Cornea Matthee, Group Compliance and Risk Officer, Centriq Insurance The new regulatory reform is one that is forward-looking. It also requires a proactive approach to regulation and risk, and is the result of consistent poor outcomes that is addressed by tackling the root cause.


The Retail Distribution Review: Equivalence of reward to be reviewed
Wed, 26 Nov 2014

The Retail Distribution Review (RDR) sees unequal benefits accruing to certain distribution channels as a problem requiring change. The current Regulations applicable to the Long-term Insurance Act provide that the Registrar may determine how the principle of equivalence of reward must be achieved.


KNowledge Base - RSS feed from Insurance Gateway ®


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
...

Treating Customers Fairly: Items from the FSB
Presentations and papers on Treating Customers Fairly from the FSB...

Micro-insurance in South Africa
Following Micro-insurance developments in South Africa...

Ethics in Business Presentations
...

 

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Rendevous 2014

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