South African Underwriting Managers Association




IMPORTANT NEWS

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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First of the Cape winter storms approaching - Insurer provides flooding advice
Thu, 28 May 2015

Cape Town: A cold front is making its way to the Western Cape and is due to hit our shores on Friday afternoon. A cold, wet, windy weekend lies ahead, warns weather services. Weather-related events such as flooding caused by heavy rains have increased in frequency and severity over the past few years, often leading to damage to property running into billions of rands.


What really happens to you when your car is stolen or hijacked?
Thu, 28 May 2015

SADAG claims that victims of hijackings and car thefts suffer the same symptoms and go through the same level of trauma as people who are exposed to a war zone or natural disaster. Often people with PTSD suffer panic attacks, resulting from the extreme fear they felt during the traumatic event.


ACE Appoints Gary Jack Country President for South Africa
Thu, 28 May 2015

Gary Jack Country President for South Africa, ACE Johannesburg: ACE Group today announced the promotion of Gary Jack, Chief Operating Officer, South Africa to the role of Country President as it continues to grow its business in Africa.


Camargue Cybercrime Risk Management Symposium
Thu, 28 May 2015

Secure Your Seat Today! There are numerous consequences emanating from a data breach, all of which have the potential to negatively impact a company. Considering that an estimated five malware events happen every minute and that Cybercrime costs SA in the region of R5.


PwC launches Boardroom Forum
Thu, 28 May 2015

PwC launches its Boardroom Forum aimed at bringing together SAs leading board members Pressures mount on SAs boards with increased risk and regulatory challenges South Africas boards need to have a combination of the right skills and expertise in the wake of demanding company law requirements and corporate governance practices.


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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
...

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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