The end of the year is fast approaching and I want to take this opportunity to acknowledge our members for their participation in restoring the lives of many who were affected by the severe catastrophes and natural disasters that we were faced with this year.
The South African Insurance Association (SAIA) is the representative body of the short-term insurance industry. It represents the industry to all relevant stakeholders to ensure a sustainable and dynamic industry. SAIA has 59 members, comprising all categories of short-term 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 short-term 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.
- To encourage fair and ethical treatment of short-term insurance customers
- To favourably represent the short-term insurance industry in such a way that all stakeholders have trust and confidence in the industry
- To create an environment in which industry members can share information, debate important and relevant issues, and create a common vision for the short-term insurance industry
- To create opportunities for the industry and to embark on initiatives that will enhance its image and reputation amongst all stakeholders
- To promote understanding of short-term insurance to all stakeholders
- To promote awareness of the industry and its contributions to society and the South African economy
On 22 September 2017, the Competition Commission (the Commission) published a Draft Competition Code of Conduct for the Automotive Sector (the Code) in the Government Gazette for public comment.The Code seeks to address identified concerns in the aftermarket automotive industry and will bind various signatories such as Original Equipment Manufacturers (OEMs), government bodies and industry associations.
The Conditions of Contract and the Maintenance Period Cover under the CAR Policy – cause for… Dec 05, 2017
At the recent inaugural South African Association of Engineering Insurers (SAAEI) Annual Conference, one of the presentations focused on the various Conditions of Contract/Contract Agreements commonly used in the Construction/Building industry, the need to understand the insurance clauses contained in each of them, and how this would impact on the cover under the Construction Risks Policy. The presenter stressed the importance of the above, as the Policy will only provide cover to the extent required in terms of the Contract Agreement.