South African Underwriting Managers Association


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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UK visa hijacking throws spotlight on liability and ID theft
Mon, 03 Aug 2015

Candice Sutherland, Business Development Consultant SHA Specialist Underwriters The recent hijacking of a courier van carrying South African citizens UK visa application forms has brought to the fore the issue of liability for the loss of these documents, especially if these documents containing sensitive and personal information are used to commit identity theft.

Associated Compliance Newsletter – July 2015
Mon, 03 Aug 2015

The July 2015 Associated Compliance Newsletter has been published in the Insurance Gateway Knowledge Base. With a compliance flavour, these newsletters provide a comprehensive overview of happenings within the FAIS environment and are a must read for FSP executives who need to keep their finger on the compliance pulse.

Is Bitcoin money?
Mon, 03 Aug 2015

By Kerri Crawford, Associate Norton Rose Fulbright South Africa Inc. Cryptocurrencies are unregulated in most jurisdictions and their legal nature has not yet been determined by legislation or case law.

32% of Finance Professionals in South Africa feel pressured to compromise ethical standards
Mon, 03 Aug 2015

32% of finance professionals feel under pressure to compromise their ethical standards, according to a report released by the Chartered Institute of Management Accounts (CIMA). The third annual Managing Responsible Business report, which polled 2,498[1].

Economic prospects for South Africa
Mon, 03 Aug 2015

By Luke Doig, Senior Economist Credit Guarantee Insurance Corporation Is there any viable catalyst that can lift the immediate and medium-term growth prospects out of the moribund 2% that appears to be in the offing? Indeed one may well ask whether even this mediocre target is in fact attainable in the current environment.

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