In implementing the SAIA’s participative model, the SAIA has established Forums to address various relevant and sub-sector specific challenges.
The role of the SAIA is to provide secretarial services to the Forums whilst allowing members to directly identify and address challenges affecting the industry in specialised lines of business with various stakeholders.
Each Forum has elected a Chairperson who will represent the Forum within the mandate of such Forums’ Terms of Reference in engaging with all stakeholders, including but not limited to, the Financial Services Board and the National Treasury. Each Chairperson will be co-opted to the relevant SAIA Board Committees and will attend the SAIA Board Committee meetings to provide feedback when requested or to obtain a mandate if necessary. The Chairpersons will also be responsible for drafting Board Reports to the relevant SAIA Board Committees and drafting industry submissions with the assistance of members of the respective Forums.
The SAIA engaged with members and requested nominations for representation at the Forums where after the SAIA established six Forums reporting to the SAIA Board Committee: Governance Risks.
The Forums are as follows:
- SAIA Consumer Credit Insurance Forum;
- SAIA Premium Collections Forum;
- SAIA Cell Captives Insurance Forum;
- SAIA Legal Expenses Insurance Forum;
- SAIA Travel Insurance Forum; and
- SAIA Health Insurance Forum
The SAIA is in the process of establishing two Forums that will report to the SAIA Board Committee: Insurance Risks, namely:
- SAIA Agricultural Risk and Crop Insurance Forum; and
- SAIA Mega Infrastructure Projects Forum
SAIA members will be requested to submit nominations for representation for the two Forums above in due course.
The Association for Marine Underwriters South Africa (AMUSA) and the South African Machinery Insurers’ Association (SAMIA) have also been converted into Forums although they do not operate under the SAIA mandate which is applicable to the other SAIA Forums.
For more information contact Promise Mhlanga, Senior Forums Secretariat: Promise@saia.co.za