ILASA Newsletter – Autumn 2015

The Institute of Loss Adjusters of Southern Africa presents the inaugural quarterly newslet-ter. It is aimed at providing our Members with regular communication and feedback of the National Committee’s endeavours, updates on technical and legal aspects of the industry, as well as a platform for the Members to voice their views and concerns. In this issue, we look at Service Level Agreements, which is currently a hotly debated topic within the Loss Adjusting fraternity, as well as what it means to be a Professional Loss Adjuster, and the recent changes to the Prescribed Rate of Interest Act. DOWNLOAD THE NEWSLETTER

Institute of Loss Adjusters of Southern Africa Conference 2015

The Institute of Loss Adjusters annual conference will take place on the 21st of May, 2015. It will take place at the Glenhove Conference Centre in Melrose Estate. Please download the conference brochure and registration form to book your place.

Members who Achieved Professional Body Status

The requirements to be awarded the status of Professional Loss Adjuster are set out below: Be an Associate or Fellow of the Institute. Hold the Higher Certificate / National Certificate in Short Term Insurance / ACII / AIISA / FCII / FIISA qualification by examination. Have not less than 5 continuous years of practical experience as a loss adjuster. They must also have complied with the CPD requirement and they should have completed the renewal application. We have been advised that this may also be achieved by doing an RPL and we are investigating what this would entail.  All information

Value Added Tax Act, 89 of 1991

Indemnity Payments and Application of Sections 7.1 and 8.8 Presentation by Stefan Terblanche 15 May 2014 Download the full presentation here

National Committee Qualifications

National Committee Lloyd Naidoo – Southern Gauteng Chairman 1. BEng (Mech) (UP) 2. AMRE (Affiliate) ECSA (Candidate Engineer) AILA Jan Schubart – President 1. ACII, AIISA Chartered Insurance Practitioner 2. FILA FIFAA Stefan Terblanche – Membership Executive 1. B.Juris, Dip.Legum, LLB, Higher Certificate in Insurance 2. AILA FIFAA Arndt Reinhardt – KZN Chairman 1. Accredited Pieter Steinmann – Northern Gauteng Chairman 1. Accredited Karl Ossowski – Western Cape Chairman 1. AIISA, Dip Fin Info Sys Conna Lups – Free State / Northern Cape Chairman 1. BSc (QS) 2. ASAQS AILA Rian Jenkinson – Eastern Cape Chairman 1. BSc(Eng), GDE(MinEc) 2.

Education: Self – Regulation

S Terblanche – Past-President ILASA It is by now common cause that the FSB has confirmed that loss adjusting activities are not subject to FSB regulation and that the members of The Institute of Loss Adjusters of Southern Africa therefore do not have to be Fais compliant. Nonetheless, in following the industry norm, ILASA has implemented a self-regulatory system with stringent educational requirements. For this system to function effectively, it is imperative that there is a full buy-in, not only from the ILASA membership, but from the industry as a whole. The Pitch Once feedback was received from the FSB

The Institute of Loss Adjusters of Southern Africa – Conference 22 May 2014

We are now in the seventh year of presenting our Conference. The Institute has for many years supported the ongoing education of its members and provided a platform to all industry members in their quest to strive for Continuing Professional Development. This brings to the footlights a number of speakers who, by public acclaim, have often presented various topics and I would like to thank them as they do so without fear or favour and more importantly pro bono. So too I would like to thank our exhibitors for their contribution to the success of the Conference. Read more here Download the REGISTRATION FORM here

Careers in Loss Adjusting Offered

For most claims involving domestic or commercial property, insurance companies are able to make a payment immediately, or they may send a claims inspector to investigate the circumstances. For larger or more complicated claims, insurance companies employ the skills of a loss adjuster. Loss adjusters are experts in many fields and in addition to a thorough knowledge of insurance, they advise both the insurance company and the policyholder on repair and replacement techniques. The loss adjuster will visit the policyholder as soon as possible after the claim has been lodged to discuss the circumstances of the claim. He will check

BREAKING NEWS – Professional Body Status

The South African Qualifications Authority (“SAQA”) was established in terms of the National Qualifications Framework (“NQF”) Act 67 of 2008 and in terms of this legislation was charged with forming a customary method for the recognition process of Professional Bodies. It now gives us great pleasure to announce that the SAQA Board has approved the recognition of ILASA as a Professional Body, for the purposes of the NQF Act. SAQA has also approved the registration of the following professional designation: Professional Loss Adjuster; This has given rise to ILASA being awarded Professional Body Status for the Loss Adjusting industry and

Eden’s end? – A Loss Adjuster’s Journal (RiskSA)

It was like looking down onto the set of a George A Romero film. People covered in blood and dust scrambled through the streets amidst the rubble. Buildings collapsed and crumbled. Roads cracked and sunk away into the ground as water, sand and sewage rushed up, flooding anything left standing… Read the whole article here