Short-term market

Over the last two years, copious volumes have been written about the worldwide financial sector crisis, with its repercussions still dominating global financial markets.

The South African financial sector has been left relatively untouched by the meltdown in foreign markets, and while the performance of equities during 2008 impacted on the bottom line of some of our members, we did not see a headlong rush to government to seek bailout funding. The solvency of short-term insurers, which showed a dip in 2008, has returned to long-term levels and has remained good. On the positive side, our member companies are well capitalised with sound solvency margins, so there has been no panic among insurers, just relief that they have been able to ride out the storm.

Click here to read the 2009 SAIA Chairman’s Report
Click here to read the 2009 SAIA Chief Executive’s Report

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The South African Insurance Association
Association Incorporated under Section 21
Registration No.1998/25543/08

Postal address:
PO Box 30619
Braamfontein
2017

Physical address:
3rd Floor, JCC House
27 Owl Street
Milpark

Contact detail:
Tel: +27 11 726 5381
Fax: +27 11 726 5351
Email: info@saia.co.za

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Short-term market

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