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From regulatory updates to CPD training, industry insights to networking – your membership puts everything you need in one place.
Regulatory Updates
Stay up to date on regulations and regulatory guidelines.
Online members’ lounge
Access regulatory updates, guidance notes, partner benefits, minutes, and more.
FIA Insight Magazine
CPD-accredited reading on industry trends and updates.
Week@AGlance Newsletter

Avoid misinformation with trustworthy industry updates delivered to your inbox.

Insightful Webinars
Stay informed with industry experts.
Regulated CPD Training
Insightful and constructive continuous professional development online and face to face.

Members also have preferential access to exclusive member schemes, cyber security, tools and discounts:

Indemnity
FIA Professional Indemnity Scheme

Benefit from the bespoke FIA professional indemnity scheme, offering competitive rates and enhanced cover tailored to intermediary businesses.

FIA Group Life, Disability & Accident Scheme

Comprehensive group life, disability, and accident cover designed to provide intermediary businesses with flexible protection options.

FIA Membershield

Bespoke cybersecurity solutions created specifically for FIA members, helping intermediary businesses strengthen digital protection and resilience.

MIT
FIA Market Intelligence Tool (MIT)

A web-based digital dashboard providing non-life insurer data, market insights, and industry trends at a glance.

Astute
Astute

FIA members receive preferential access and exclusive discounts of up to 20% across the Astute professional business platform.

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The FIA's Advocacy in Action

For decades, the FIA has helped ensure the intermediary perspective remains represented in conversations shaping the future of financial services in South Africa:

R8m - R10m

saved annually in reduced FSP levies

R100m+

in FICA compliance costs avoided for the industry

R110m

per annum saved through CMS demarcation exemption

Conduct of Financial Institutions Bill (COFI)

The FIA is currently represented on the FSCA’s CoFI Transition Working Groups and on the sub-working groups dealing with the Fit & Proper Framework, the Risk and Compliance Framework and the draft Conduct Standard on Complaints Management Requirements.

Healthcare broker fee review

On an annual basis, the FIA engages with the Minister of Health to ensure that the annual review of fees payable by medical schemes to medical scheme brokers takes place. An inflation-linked increase has been announced each year since.

Reduced FSP Levies

Following extensive engagement by the FIA, National Treasury made proposals to reduce the levies that intermediaries will pay to the FSCA in terms of the Financial Sector and Deposit Insurance Levies Bill (now Act). Estimated savings are between R8m – R10m per annum for the intermediary market in general.

Non-Life FICA Project

Industry Associations successfully lobbied for the Non-Life insurers and intermediaries NOT to be included as accountable institutions under the FIC Act, saving the industry R100m plus in compliance costs. The FIA and other industry associations are now working with the FIC to increase awareness of current FIC obligations.

Omni-Risk Returns

The FSCA originally proposed the OMNI-CBR – Conduct of Business Returns. Following feedback from the FIA and industry, the FSCA has simplified and streamlined the return, which is now called the OMNI-Risk Return. This aims to create a single consolidated risk profile for every regulated financial institution. The FIA has developed workshops for members to assist them in understanding the amendments and the key focus areas for the FSCA.

Council for Medical Schemes (CMS) / LCBO Commission

In January 2022, the CMS announced that the demarcation exemption period has been extended for a further two years – from April 2022 to end of March 2024. This saved members approximately R110m per annum. This exemption has been further extended to 31 March 2027, and the FIA continues to engage on the working committees at the CMS dealing with the proposals relating to these products.

Employment Equity Amendment Act (EEAA) and Employment Equity (EE) Regulations

Together with Business Unity South Africa, the FIA continues to lobby against disproportionate EE Regulations. These regulations will have a material impact on cost of labour and operational flexibility. Fines and penalties are detrimental to business.

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  1. APPLICATION OF TERMS
    • These terms and conditions (“Subscriber Terms”) apply to the subscription by any qualifying member of the South African Underwriting Managers Association NPC (“SAUMA”) to the services and benefits offered by FIA Services (Pty) Ltd (“FIA Services”) under the SAUMA affiliation arrangement (“Subscription”).

  2. NATURE OF SUBSCRIPTION
    • A Subscription under this arrangement:
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      • is governed solely by the contractual relationship between the Subscriber and FIA Services.

  1. ELIGIBILITY
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    • If a Subscriber ceases to be a paid-up member of SAUMA, the Subscription will correspondingly be terminated.
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  1. SERVICES
    • The Subscription entitles the Subscriber to the following benefits:
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      • Invitations to attend FIA Technical Webinars annually.
    • FIA Services reserves the right to update, vary or substitute the Services from time to time, provided that the overall value and nature of the benefits remain materially the same.

  1. FEES AND PAYMENT
    • The monthly subscription fee is R260.00 (two hundred and sixty rand) for up to seven registered individuals (Key Individuals and Representatives), and R36.00 (thirty-six rand) per additional registered individual thereafter, excluding VAT.
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  1. ONBOARDING
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  1. TERMINATION
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  1. GENERAL
    • These Subscriber Terms are governed by the laws of the Republic of South Africa.
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