Following the national disaster declaration made by the President of South Africa, Mr Cyril Ramaphosa, on 15 March 2020 around the spread of the coronavirus, the South African Insurance Association (SAIA) has decided to postpone the SAIA Breakfast Session which was to be held on 19 March to a later date in May 2020. Should the restrictions still be in place at that time, we will reassess the event and inform the industry accordingly.
SAIA is very much concerned about the health and safety of all South Africans and in line with the President’s announcement which prohibits gatherings of more than 100 people made a decision to abide by and enforce this recommendation (and others) with immediate effect.
For those of you who would like to be refunded for the SAIA Breakfast Session at this time, please send your requests to CorporateAffairs@saia.co.za and we will attend to it promptly.
We wish our members, partners, friends, colleagues and broader stakeholders a healthy immediate future until the risk of exposure passes. Please take care.
The Pandemic, Physical Damage, Business Interruption Losses and Reinsurance
How is your 2000 piece jigsaw puzzle progressing?
Coronavirus and physical damage
You may have seen reference ... Read More »
The potential for damage from fire or lack of maintenance can increase in mothballed or idle production facilities and industrial plants. Companies from the automotive, aviation or mechanical engineering ... Read More »
A clause in an insurance contract which is designed to resolve differences between an insurer and the insured without litigation. It usually provides for the appointment of two arbitrators (each party having the privilege of appointing one), who in turn appoint an umpire (usually agreed upon before arbitration proceedings begin). The wording of the clause may vary, but its general purpose is to enable difficulties to be settled equitably rather than ...