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Association of BEE Verification Agencies

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Tel: 086 111 2282
Fax: 086 612 2832
Scope:
Eastern Cape, Free State, Gauteng, KwaZulu-Natal, Mpumalanga, North-West, Northern Cape, Northern Province, Western Cape.
The Association of BEE Verification Agencies (ABVA) is an independent national membership organisation established to lead the black economic empowerment (BEE) verification industry as it takes up a vital role in the transformation of the South African economy. The first industry body of its kind, the ABVA aims to facilitate the accreditation of qualifying BEE verification agencies as set out in the Broad-Based Black Economic Empowerment (B-BBEE) Codes of Good Practice and guide the development of the industry by standardizing the ratings methodology, setting the standards for ethical behavior, professional development and the achievement of excellence in the profession. ABVA is working hand-in-hand with the South African National Accreditation System (SANAS) to establish BEE Verification Agency accreditation requirements.
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From The Glossary »

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Ultimate Net Loss:

Used in reinsurance treaties to refer to the ceding company’s loss which is reinsured by the treaty. It represents the sum or sums paid by an insurance company in settlement of all losses arising out of one event. It includes any litigation or other expenses incurred in connection therewith, but excludes any charge for the services of any salaried employee of the insurer in connection with the investigation of claims less all recoveries, whether ...
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