SAIA

South African Insurance Association

+27 11 726 5381

About Us

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About

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.

Vision

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.

Mission

  • 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

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MBR Certification

ar 2017

SAIA News

Multilingual Financial Terminology List

Multilingual Financial Terminology List Jun 12, 2018

The Financial terminology project was initiated by the Department of Arts and Culture (DAC) in collaboration with the Financial Services Board (FSB). The project was identified around 2015 and its focus was to develop an English source text in the first phase of the project. The second phase was aimed at providing target term equivalents in the other 10 official languages, namely: Sesotho, Setswana, Sepedi, Tshivenḓa, Xitsonga, isiNdebele, Siswati, isiZulu, isiXhosa and Afrikaans. The target language equivalents provided in the 10 official languages will be used to promote and facilitate the implementation of consumer financial awareness and education projects.

VAT Increase 15%

VAT Increase 15% May 21, 2018

The following questions and answers have been compiled to provide guidance in respect of the impact of the change in VAT rate on short-term insurance transactions. It has been prepared in accordance with the VAT Act, Short-term insurance specific SARS Binding General Rulings (BGR14, BGR32 and BGR37), Regulatory requirements and the common approach to the change to be applied across the industry.

From the Desk of the Chief Executive- May 2018 Bulletin

From the Desk of the Chief Executive- May 2018 Bulletin May 09, 2018

The Nedlac Financial Sector Transformation Workshop took place on the 5th and 6th of April, 2018. It was well-attended by our senior executives including CEOs from our member companies. The SAIA delegation agreed that despite the fact that agreements were not yet reached and cemented, the two days spent at the workshop were time well spent. Listening to the issues and perceptions other constituencies have with regards to the Financial Sector first hand was indeed valuable.

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R80 million Spent on consumer ed.
35% Est. vehicles insured
R102.8 billion Gross written premium
56 Member companies