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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 ®


Can you claim against a surety if the debtor is in business rescue?
Sat, 26 Jul 2014

By Riza Moosa, Director Norton Rose Fulbright South Africa Every suretyship securing a companys debts should specifically preserve the creditors rights to recover from the surety despite discharge of the principal debt in a business rescue plan.


Claims to brighten up your day
Fri, 25 Jul 2014

Edited by Seonita Avery Camargue Underwriting Managers (Pty) Ltd Normally a liability claim notification is hardly cause for celebration, dancing and laughter. There are however some claims that are quite entertaining.


Actis substantially exits Alexander Forbes through a successful Listing
Fri, 25 Jul 2014

London: Actis, the global pan-emerging market private equity investor, has substantially exited from Alexander Forbes Group Holdings Ltd, one of South Africas leading diversified financial services companies.


More on the Health Insurance Draft Demarcation Laws
Thu, 24 Jul 2014

An article in Business Report quotes Steph Bester, of The Unlimited, a direct marketing company that offers health insurance and other financial services products as saying: should the draft regulations be passed, thousands of people would be without any health care, as many health insurance products would fall away.


UK MGAA membership hits 3.3bn premium mark
Thu, 24 Jul 2014

London: MGA membership of the UKs Managing General Agents Association (MGAA) now represent over 3. 3bn of Gross Written Premium (GWP). The announcement was made at a reception for the MGAA at the House of Commons in London hosted by Jonathan Evans MP, chair of The All Party Parliamentary Group on Insurance and Financial Services.


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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