SASRIASouth African Special Risks Insurance Association
References in periodicals archive ?
Other countries that have special mechanisms to deal with terrorism risks include South Africa (where SASRIA, the South African Special Risk Insurance Association, created in 1979, insures against political risks) and Israel (where the Property Tax and Compensation Fund, financed by a nation-wide property tax, covers property and casualty insurance claims from terrorism-related losses).
Soon after the pool was established, the reinsurance market became involved in excess of loss protection, and SASRIA is now very significantly funded at 4 billion rand and growing.