• 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 ®

Confidence among SA's professionals declines in second quarter
Results from the latest PPS Graduate Professionals Confidence Index, which tracks confidence levels of more than 3 000 of South Africas graduate professionals, show that confidence levels among graduate professionals in South Africa deteriorated over the second quarter of 2011. ...

Using the composition of the RE to your advantage
A very important part of ones preparation for the regulatory examinations is to gain insight into the composition of the question paper. While some may have learnt the hard way, there is an easier option: the explanatory notes issued by the FSB in March this year. ...

Risk-based Capital Management key for insurers today
Mutual Federal, a member of the Old Mutual Group, has successfully entrenched its new risk control self assessment (RCSA) methodology throughout the organisation as part of its greater Solvency II initiative. ...

Mutual Federal Agri offices have moved
The Agricultural offices of Mutual Federal, a member of the Old Mutual Group, have found a new home. We have moved our offices closer to those of our business partners in Pretoria. This reaffirms the growth and position of Mutual Federal as an agricultural short-term insurer and solidifies our commitment to these partners, says Andries Wiese, Group Manager for Agriculture at Mutual Federal. ...

Consumers to reap benefits of new regulatory exams for brokers
South African consumers will benefit from the impending introduction of regulatory examinations for brokers - which are set to test brokers professional conduct, financial and regulatory knowledge - and will ensure that clients and potential clients receive sound financial advice and service. ...

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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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Claims Made Policies
Articles and Research Papers....

Insurance Cycles
Please click on the above title for a selction of papers....

FAIS Regulatory Exams
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