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 ®
Cheaper, safer way for SMEs to accept payment
Fri, 17 May 2013
New mobile payment device a boost for smaller travel and tourism businesses Visa presents new mPOS at Mays Tourism Indaba Cheaper, safer way to accept payment Easier for tourists to SA to pay SOUTH AFRICA, May 2013 Visas new mobile point-of-sales (mPOS) device that makes it much easier and cheaper for smaller and medium enterprises (SMEs) to accept card payments, will be showcased at the Visa stand at this years Tourism Indaba in Durban.
New local music experience kicks off with Simphiwe Dana ‘goddess of South African cool’
Fri, 17 May 2013
The launch of the brand new live music series, Lion of Africa Music Expressions, on Sunday, 28 April, looks set to showcase some of SAs best local talent in an exciting series of events. Sponsored by Lion of Africa Insurance, the first of the nine monthly music concerts was hosted at the Lyric Theatre in Gold Reef City, south of Johannesburg and featured Simphiwe Dana, a local multi-award winner and internationally acclaimed artist dubbed the Goddess of South African Cool.
Insure Group prepares to deploy new system
Fri, 17 May 2013
The first details regarding the new Premium Handling System to be deployed by the Insure Group will be become available soon, the company said in a statement today. According to Group IT Director Ian du Toit, development, testing and deployment teams have been working around the clock over the last year to complete the development of the system and preparations for deployment have now commenced.
New FSP licensing requirements envisaged?
Thu, 16 May 2013
An article titled Financial Services Sector: get ready to relicense, published in Moneyweb yesterday, will no doubt come as a huge shock to many people in the financial services industry. It appears that licensing will not only apply to new entities falling under the FSB everybody will be affected, even those who are already licensed.
FAIS: Date of First Appointment and the Regulatory Exams
Thu, 16 May 2013
Your date of first appointment determines by when you need to write the level 1 regulatory exam. FAIS Circular 13 of 2012 spells it out as follows: Sole proprietors, key individuals and representatives authorized, approved or appointed during January 2010 to December 2010 will be included in the extension of the re-write deadline of 31 March 2013, provided that they have attempted the examination at least once by 31 December 2012.
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
...
