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ASSOCIATIONS & INSTITUTES

Institute of Directors SA

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Tel: 011 430 9900
Fax: 011 444 7907
Address:
Grayston Ridge Office Park
Block B
1st Floor
144 Katherine Street
Sandown

 The Southern African Chapter of the Institute of Directors was formed in Johannesburg in 1960 by Harry Oppenheimer and is the only organisation of its kind in Southern Africa.

The IoDSA specifically represents directors, professionals and business leaders in their individual capacities, and is a prestigious membership, providing a unique opportunity for networking and business development in all spheres of business.

The organisation aims to bring about continual development and lifelong learning by facilitating internationally recognised director development and educational programmes.

From The Glossary »

50% Method:

A method of calculating unearned premiums in short-term insurers. The method calculates UPR of 50% of premiums written for the year. It is based on the assumption that the average date of issue of all policies written during the financial year is the middle of the year. This method is generally used only by reinsurer’s where detailed information on inception dates of risk is not available.
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