Tag Archives: Insurance

Institute of Loss Adjusters of Southern Africa (ILASA)

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ILASA was established in 1963 as a voluntary Professional Institute specific to Insurance Loss Adjusters. This was at a similar time as the establishment of the IISA. The two bodies worked together to ensure cohesive and solid insurance qualifications for the Insurance Industry. Whilst the IISA focus on Insurance Brokers, Underwriters and Claims staff competencies, the ILASA specifically focuses on the Loss Adjusters who are independently appointed individuals to investigate complex and high value non-motor claims for Insurers and provide an independent report on the circumstances, cause, validity and settlement recommendations to Insurers.

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Life Office Associations of South Africa (LOA)

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The Life Offices’ Association (LOA) of South Africa is known as an active trade organization based in Cape Town and born in 1935. They are tasked with specifically working on improving and governing life insurance or long term insurance for both consumers and providers. It currently has 36 member companies in the organization and these members represent majority of the insurance companies in the country. Collectively, they control the long term insurance industry and assets worth over R 915 billion. In a way, you could say LOA is the industry’s voice when speaking for or against government policies, regulations, and insurance issues in South Africa.

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South African Underwriting Managers Association (SAUMA)

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The South African Underwriting Managers Association (SAUMA), established in 1999, is the sole professional body for Underwriting Managers in South Africa. Recognised by the Finanacial Sector Conduct Authority (SA), SAUMA advocates for over 80 members who collectively influence over R7.5 billion in annual gross premiums, embodying excellence in the insurance industry.

Our mission is to represent Underwriting Managers, promoting high ethical standards, influencing legislation, and enhancing professional development. Membership offers access to industry advocacy, updates, and a platform for continuous improvement. Explore our offerings and join our commitment to excellence in the insurance sector at sauma.org.

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Insurance Institute of South Africa (IISA)

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The Insurance Institute of SA is a national registered professional body recognised by the South African Qualifications Authority for awarding professional designations in the short-term insurance industry. The IISA is a registered non-profit organisation established in 1966 by the industry to advance the insurance sector in South Africa and beyond. The primary responsibility of the institute to its members and the industry in general, is to promote the advancement of knowledge and skills, the maintenance of the highest level of standards and ethics as well as the professional development within the insurance industry.

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Export Credit Insurance Corporation of South Africa (ECIC)

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The ECIC provides insurance that enables South African exporters to offer their services and products on the international market. It has a particular focus on emerging markets in Africa that are considered too risky for conventional insurers. Its overarching goal – and its mandate from the South African government as its sole shareholder – is to make South African exporters attractive to international buyers to attract foreign income, stimulate domestic economic growth and create local jobs.

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Insurance Institute of KwaZulu-Natal (IIKZN)

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The Insurance Institute of KwaZulu-Natal was established to provide and maintain a central organization for the promotion of efficiency, progress, welfare, knowledge, education and general development among persons engaged or employed in the insurance industry and to act as a networking platform, supporting professional standards and pursuing social issues in the Insurance industry.
In collaboration with other industry partners, the IIKZN continues to promote the interests, welfare and advancement of our members in general, with an increased focus on education and the upliftment of professional standards.

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