SAIA

South African Insurance Association

+27 11 726 5381

About Us

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

From the Desk of the Chief Executive

From the Desk of the Chief Executive Sep 11, 2017

In his keynote address at the SAIA Cocktail function in July, Deputy Finance Minister Sfiso Buthelezi pledged government’s support to the short-term insurance industry.

Concerns raised by the Ombudsman for Short-term Insurance (OSTI)

Concerns raised by the Ombudsman for Short-term Insurance (OSTI) Sep 11, 2017

Insurers’ policy wording and claims philosophies are not updated and aligned to changes in technology and criminal behaviour. For example, the clause “forcible and violent entry” is strictly interpreted but today, criminals use car jamming devices hence the insured will be unable to demonstrate “forcible and violent entry.”

More News

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