board members
Sauma membership
board members
Contact us
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 ®

Disruption - is the insurance industry ready for it?
Wed, 17 Sep 2014

Opinion by Stephen Cross, Chief Innovation Officer and Chairman of Aon Global Risk Consulting The short answer is the industry in general is absolutely not ready. The industry - both insurers and brokers - have had a tendency to be providers of product and not necessarily of solutions.

Multi-year aggregate insurance policies as a risk retention and risk finance solution explained
Tue, 16 Sep 2014

There are various ways to structure risk retention and risk finance solutions for the commercial and corporate market. Alfons van der Vyver, Executive Head of Risk Finance Solutions at Centriq Insurance, elaborates on these Also called finite risk insurance or spread loss policies, these structures provide the insured with a solution which offers various benefits in the event of adverse loss experience.

President Kagame opens the World Export Development Forum in Kigali
Tue, 16 Sep 2014

(Kigali, Rwanda) - President Paul Kagame today opened the World Export Development Forum (WEDF), which is taking place in Kigali, Rwanda. More than 800 delegates from 73 countries are attending the event.

Allianz report reveals top causes of loss for businesses
Tue, 16 Sep 2014

Largest financial losses come from ship groundings, fires, aviation crashes, earthquakes and storms. Oil and gas industry losses dominate largest losses, with other sector trends and emerging risks highlighted in analysis of over 11,000 major claims.

Increased level of competition in the UMA market
Tue, 16 Sep 2014

By Yurika Pistorius, Compliance Officer, Compli-Serve SA Healthy competition is the underpinning of our society and economy. It ensures providers of service are up-to-date, efficient and productive.

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



Rendevous 2014