Actuarial Society of South Africa

© Actuarial Society of South Africa 2009 - 2011 The Actuarial Society of South Africa is the professional organisation for actuaries and actuarial students in South Africa. The vision of the Actuarial Society is an actuarial profession of substance and stature, serving, and valued by, our communities as a primary source of authoritative advice and thought leadership in the understanding, modeling and management of financial and other measurable risk.

The ASSA 2018 Annual Actuaries Convention - 24 & 25 October at the CTICC

47 EPISODES |  Series, ±50 min episode total time 39 hr 25 min
The program included industry-relevant topics and updates, thought-provoking presentations as well as interactive sessions in the form of workshops, which proved quite popular at the previous Convention.

A diverse range of topics presented by experts from the Actuarial industry as well as wider fields, covering not only what is relevant in South Africa currently, but also stretching out to the rest of the globe. The topics were carefully selected with an aim to inspire, educate and entertain the mind while addressing practical problems faced by actuaries and potential solutions to these problems. To highlight but a few:

— Driverless cars: how they work and how they will be priced

— Augmented Reality Insurance: view of a working prototype

— Slaying the dragon: improving individual and company returns on investment in actuarial education

— The Life Esidimeni arbitration and the actuarial quantification of constitutional damages

— Default regulation and investment strategies in retirement

— AI in actuarial science, leadership in the era of InsureTech

— IFRS 17 and SAM implementation learnings

— A formulation of ecological value added

The ASSA 2018 ERM Seminar

9 EPISODES |  Series, ±36 min episode total time 5 hr 28 min
The ERM Committee is responsible for growing and supporting the role of actuaries in the field of ERM.

The committee identifies and manages areas of research to support the establishment of an actuarial framework for Enterprise Risk Management (ERM) and to develop actuarial methodologies for measuring and managing Financial Risks.

The objectives include:

Formulate views of the South African actuarial profession on matters of concern to the profession in this field to South African institutions.

Co-operate with other Actuarial Society Committees, particularly the Health, Pensions, Short Term Insurance, Long-Term Insurance and Investment Committees to:
- consider issues of joint concern
- ensure a co-ordinated approach in providing guidance to actuaries: and
- formulate an actuarial process to risk assessment

Promote and encourage the development of actuarial skills in financial risk within the actuarial profession in South Africa, including recommendations to the ASSA Education Committee.

Maintain contact with the appropriate Committee(s) of the International Actuarial Association and develop and maintain contact with AFIR (the Financial Risk Section of the International Actuarial Association);

Liaises with other professional bodies on enterprise and financial risk related issues. e.g. IRMSA, PRMIA and GARP; and

Provides input to regulators on enterprise and financial risk management issues. This includes the implementation and management of the Basel 2 Accord for banks and Solvency Assessment and Management (SAM) for insurers.

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