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The Revised and Approved SAIA Code of Conduct

11 November 2020 SAIA

The revised SAIA Code of Conduct and the Code of Motor Salvage were approved at the SAIA Board meeting held on Thursday, 3 September 2020.
 
The revised Code has been aligned with updated legislation and has been modified as a principals-based guideline to the non-life insurance industry. The Transformation section of the Code was uplifted and tabled for early approval at a previous Board meeting to allow for the implementation of the important reporting requirements contained in that section.    
 
The Codes were combined into one document with a new data collection clause aimed at enhancing the understanding of the industry’s performance in key focus areas such as procurement and supplier development.

The revised Code will supersede and replace all prior Codes and understandings, oral or written, between SAIA and its members.
 
Please visit the SAIA website to find the revised SAIA Code of Conduct:
https://www.saia.co.za/index.php?id=231

Quick Polls

QUESTION

Financial behaviour experts suggest that today’s risk modelling methodologies ignore your client’s emotional ability / behavioural capacity. What are your thoughts on spicing up risk profiling tools to make allowance for your client’s financial behaviours

ANSWER

[a] Bring it on; my client’s make too many irrational financial decisions
[b] Existing risk profiling tools are adequate
[c] Risk profiling tools should be based on the model / rational client
[d] The perfect risk profiling tool is science fiction
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