FANews
FANews
RELATED CATEGORIES

The discontinued “SAIA Approved” programme

07 July 2023 The South African Insurance Association (SAIA)

It has come to our attention that there are some companies or service providers who still use fake or forged SAIA certificates of endorsement. These documents are used when soliciting and engaging in business on the back of the credibility of SAIA as the representative of the non-life insurance industry.

SAIA would like once again to emphasise that its “SAIA Approved” programme was discontinued over a decade ago. This was extensively communicated to the industry and service providers at that time. Any companies or service providers soliciting business on the back of these discontinued “SAIA Approved” certificates are doing so fraudulently.

SAIA urges industry and business to be vigilant for such attempts to enhance a sales pitch. Any company or service provider that carries such a certificate that bears the SAIA emblem as validation of their competence is doing so fraudulently.

Quick Polls

QUESTION

What do you think the high volume of inquiries and withdrawal requests means for the future of the two-pot system?

ANSWER

It suggests high demand and potential success of the system
It indicates possible problems with the system’s implementation or communication
It points to financial stress among individuals that could affect long-term retirement planning
It could be detrimental to the economy and people's retirement security
It’s too early to determine the impact on the system’s future
fanews magazine
FAnews August 2024 Get the latest issue of FAnews

This month's headlines

Women’s Month spotlight: emphasising people and growth in the workplace
The power of skills transfer and effective mentorship
Advisers and investors hold thumbs the GNU will restore bond and equity valuations
What are the primary concerns of insurers and brokers?
The Two-Pot System: regulatory challenges ahead
How comprehensive is your clients' critical illness cover?
Subscribe now