The South African Insurance Association (SAIA) welcomes the recent announcement made by the City of Johannesburg confirming that an initial order to the value of R216 million for fire engines and other fire emergency vehicles has been placed with its respective supplier.
The South African Insurance Association (SAIA) is the representative body of the non-life insurance industry. It represents the industry to all relevant stakeholders to ensure a sustainable and dynamic industry. SAIA has 58 members, comprising all categories of non-life insurers, including reinsurers. Its members abide by the SAIA Code of Conduct, which ensures adherence to best-practice industry standards and self-regulation.
To promote and represent the interests of the non-life insurance industry, while leading and enhancing the efforts of the industry to become recognised and trusted as an important contributor to the South African economy and society.
- Encouraging fair and ethical treatment of consumers of non-life insurance products;
- Representing the non-life insurance industry with all stakeholders and at all levels in such a way that these stakeholders have trust and confidence in the industry;
- Creating an environment in which the members of our industry can share information, debate important and relevant issues, and create a common vision for the non-life insurance industry;
- Creating opportunities for the industry to continue with, and embark on, initiatives that will enhance its image and reputation among all stakeholders;
- Promoting understanding of non-life insurance to all stakeholders;
- Promoting awareness of the industry and its contributions to society and the South African economy.
The SAIA Annual General Meeting (AGM) and Cocktail Function was successfully held on Thursday 25 July 2019, where a new SAIA Board was nominated to guide our organisation into the future. On behalf of the SAIA, its executive and staff, I would like to welcome the new SAIA Board, and believe that its expertise in a wide range of specialist fields in the financial sector will help the industry safely navigate through the numerous insurance risks it faces.
At the 2019 African Insurance Exchange Conference, the Prudential Authority advised that the following work is in progress: