South African Insurance Association

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South African Association of Engineering Insurer’s (SAAEI): Looking back as we plan the year ahead

The first issue of the SAIA bulletin provides a timely opportunity to highlight the accomplishments of the association over the past 12 months as well as to briefly communicate its plans, key activities and general awareness for 2018 all in focus of its mission to promote technical understanding, knowledge transfer and social interaction between its members. SAAEI also seizes the moment to recognize the many individuals, members and sponsors for their ongoing and generous support towards the association’s efforts.

New Chairman - On 20 July 2017, SAAEI members voted Susan De Wet (Old Mutual) as the new Chairperson. We wish Susan all the best in her new position.

Annual Engineering Insurance Conference - The highlight of 2017 was undoubtedly the successful hosting of the inaugural Engineering Insurance Conference 2017 on 19-20 October at the picturesque Kloofzicht Lodge and Spa. The research and compilation of a working group paper is a key outcome of the conference. A paper on Open-cast mining was selected for presentation and publication at the next conference. The 2018 event is already in planning, so please lookout for further pronouncements in the local insurance magazines or SAIA circular. Owing to greater demand the organisers plan to increase the registration quota to 100 delegates as well as to broaden the representation by inviting delegates from the neighbouring southern-African region. The conference event includes a photographic competition for the best engineering insurance related photograph (e.g. bridge, road, building, electro-mechanical, plant, machinery, equipment, etc.). Keep your cameras in focus and stand the chance to win an exciting prize.

Lunch-time talk - Due to a high interest in the subject, Danny Joffe kindly presented a repeat of his 2016 RDR (Retail Distribution Review) talk as part of the SAAEI lunch-time event series at the Hollard Insurance Company. SAAEI plans to host 3 similar market events during the year. Topics will be publicised as soon as the speakers have confirmed their participation.

Training - SAAEI plans to present an Introductory Engineering Insurance Course on Contract Works and Third-Party Liability insurance during 2018. The course is currently in development and will be accredited for CPD points.

Social - The SAAEI organises two exciting social events to entertain its members and clients. The annual golf challenge which caters for both rookie and skilled competitors was yet again hosted at the Killarney Country Club with over 40 four-ball competitors. The event is usually held during September.

The year-end luncheon provides an ideal opportunity for SAAEI members to socialise together with invited retired engineering insurance underwriters (as a gesture of appreciation for their service to the industry). Derrick Werner, Jack White, John Halcrow and Lucas Barnard kindly attended the function. The event also presents an opportunity to recognise and reward service contribution to SAAEI. The Chairperson’s award 2017, for excellent service, dedication and contribution to SAAEI was presented to Mr Jack White.

IMIA conference - The IMIA 2017 conference was held in Munich, Germany. The following technical papers were presented at the conference – Waste to energy, Rolling stock, Diesel engines, Inconsistent insurance/reinsurance and Adequacy of sum insured. The papers have been published on the IMIA website and is available for download.

The working Group Paper topics for 2018 are: Construction in Mountainous Areas, Offshore Oil and Gas Platforms, Automation in the Construction Industry, Construction and Operation of Scientific Instruments, Electrical Failures not associated with Natural Perils and Ageing Plant and Maintenance. Any interested persons wishing to contribute towards the compilation of the research papers is encouraged to search the IMIA website for further details.

The SAAEI Executive Committee members include: Dave Waterworth (Old Mutual), Keith Barlow-Jones (C&G), Kobus van Niekerk (Consort), Krush Moodley (Hollard Scintilla), Philani Mbatha (Munich Re), Samuel McLennan (Mirabilis), Susan de Wet (Old Mutual), Susan Walls (SAIA), Tau Lethlogonolo (SASRIA) and Zain Hoosen (Bryte). Please reach out to any of the SAAEI Executive members or alternately contact Promise Mhlanga (SAIA administrator) on for any queries or suggestions.
We look forward to a year of renewed service, engagement and commitment to the industry.

For Further Information contact:

Zain Hoosen, Ex-Chairman: SAAEI