Kamau Boniface Kathithu 𝐹𝐼𝒜

The complex world of Actuarial Science can be daunting but any challenge can be overcome through persistence and determination. In this brief video, Romail Mutahir shares a nugget of wisdom to help inspire young Actuaries just starting out in the profession. What lessons has Actuarial Science taught you? Share your experiences, anecdotes, and stories with us in the comments and help spread the wisdom. #SHMA #ActuarialLessons

20

1 Comment

GenieAPP and GenieSiren Actuarial software enables insurers and MGAs to leverage predictive analytics and forecasting techniques to anticipate future trends and outcomes. By analysing data and identifying patterns, actuarial software helps you forecast claims experience, pricing trends, and market dynamics. This enables you to proactively adjust your strategies and operations to capitalize on opportunities and mitigate risks. #genieapp #argenesis #genieus

7

Our collaboration with a South African bancassurer led to a 40% reduction in actuarial reporting time through strategic automation. 𝗔𝗽𝗽𝗿𝗼𝗮𝗰𝗵: We implemented Prophet Enterprise, streamlined processes and automated validations, resulting in enhanced data integrity and faster reporting cycles. 𝗥𝗲𝘀𝘂𝗹𝘁𝘀: Reduced data duplication, efficient validations and a 40% decrease in reporting time A huge thank you to our client for collaborating with us and embracing our ideas. At MBE, we're committed to driving efficiency and excellence in every project we undertake. Read the full case study to learn more about how we're making an impact through automation. https://lnkd.in/e-aMZchv #Efficiency #Automation #ActuarialReporting #MBESuccessStory Andries Beukes | Maksud Patel | Kyaw Soe Thein | Christo Muller

13

1 Comment

Happy Freedom Day, South Africa! Today, we celebrate the spirit of resilience, unity, and the triumph of freedom. Let's honour the journey towards democracy and embrace the diverse tapestry that makes our nation unique. www.multirisk.net #insurance #specialisedinsurance #commercialinsurance #domesticinsurance #topinsurancecompanies #shortterminsurance

1

Catch us at the Actuarial Society of South Africa (ASSA) 2024 Annual Convention on 20-21 November at the Cape Town International Convention Centre! Let’s connect with our team and dive into key topics shaping our industry today, from regulatory changes to data-driven insights and explore how innovative solutions are transforming risk management and actuarial practices. Register here: https://lnkd.in/d7Ce9aC #ASSA #Actuarial #Riskmanagement #Industryinsights #Capetown #Convention

13

“This is the essence of being an actuary: being the Learning Guy.” - Daniel van de Vorstenbosch In the latest edition of ‘I am an Actuary’, we hear about the actuarial journeys of Andy Nguyen, Daniel van de Vorstenbosch, Jason Yu and Kang Min H. From pragmatic beginnings to self-taught innovation, their stories show the varied paths that can lead to success and the many places being an actuary can take you. Read now: https://lnkd.in/gW6MieNz #actuaries #iamanactuary

60

3 Comments

[Trends in Actuarial Recruitment in Nigeria: What to Expect in 2023] Actuarial recruitment fuels Nigeria's economic growth and insurance industry expansion. Demand for skilled . . . https://lnkd.in/dGJ2kMpm

1

Actuarial analysis helps businesses assess and manage risks associated with employee benefits, insurance needs, and investments. This allows companies to make informed financial decisions, contributing to a more stable and predictable South African economy. #ActuarialRiskManagement #FinancialStability #SAEconomy

2

Happy International Actuaries Day! Hear from these two incredible actuaries, Jasmin Van Schalkwyk and Lusani Mulaudzi on overcoming their challenges as an actuary. Their dedication and expertise are shaping the future of the profession. #InternationalActuariesDay #ActuaryLife #ActuarialScience

115

Calling all AIM business owners and other actuarial employers... It's difficult for recent grads to differentiate themselves in the interview process because of their limited work experience. Through Outsized you can gain access to AIM student alumni and their personalised student reports outlining the skills they acquired through the AIM programme. We think that this gives potential employers a wealth of additional information about the candidate that they would not have sight of otherwise.

7

Actuaries use their expertise to analyse medical claims data and project future healthcare trends. This helps medical aid providers set appropriate premiums and manage risk efficiently. This, in turn, ensures access to affordable healthcare for a wider range of South Africans. #ActuarialExpertise #HealthcareForAll #SustainableHealthcare

1

As we observe #YouthMonth, we honour the passion and dedication of our young leaders in the insurance industry. Your commitment to making a difference inspires us all. Meet Siphamandla Mbovane(LIISA), a Specialist Underwriter on our team, who shares his reflections on the month: What does 16 June mean to you? June 16th is a day of profound significance in South African history, commemorating the brave scholars of 1976 who stood up against injustice during the Soweto Uprising. Their courage and resilience continue to inspire us, reminding us of the sacrifices made for change. This day symbolises hope, growth, and new opportunities. How did you spend Youth Day? I supported a youth sports tournament organised by a friend. The event aimed to empower young boys and girls by equipping them with essential skills and knowledge to confront life's obstacles. Together, we can forge a promising future for everyone. By remembering the past, we honour the future; let’s remember what #YouthMonth is all about. #InsuranceIndustry #FutureLeaders #SouthAfrica

27

6 Comments

In Episode 4 of the Mukfin Insurance Dialog, our panellists discuss the crucial topic of Skills across the African Insurance Industry. Our expert panellists are Dimba Crispen, Christine Gitachu, Dip CII, Amos Mburu, Liz Booth and Simbarashe Mukonzo. The discussion focuses on the shortage of talent as well as ways to retain and motivate the upcoming youngsters. The panel also looks at how the industry can harness the knowledge and experience sitting with the older generation retiring and leaving a huge skill gap. Technological advancements are also worsening the skills gap due to the rapid changes, which make it difficult for most corporates to catch up. #iinsuranceinafrica #skillsdevelopment #techadvancements #reinsurance #insurance #dialogue #technology #africa #mukfin https://lnkd.in/dFpab-Er

28

1 Comment

Today the FRC launched a consultation on Actuarial Standard Technical Memorandum 1 (AS TM1), proposing to maintain the current standard following its annual review. We value your opinion, so do participate in our consultation: https://lnkd.in/daux5G-v #actuarial

9

Meet Tatenda Chiganze: Junior Actuarial Analyst at NNAC Journey and Passion Tatenda joined NNAC in June 2022 with a BSc in Actuarial Science. Her journey has been remarkable, driven by a deep fascination with the insurance industry's role in managing risk and building financial resilience. She loves applying technology, data analysis, and creative problem-solving to improve insurance products and services. Evolving Role of Young Professionals Young talent like Tatenda is crucial in driving innovation and leveraging emerging technologies to transform traditional insurance models. Their fresh perspectives and adaptability are invaluable for enhancing customer experience and operational efficiency. Steps for Success Tatenda advises young professionals to: -Understand the industry's history, trends, and pain points. -Develop skills in data analysis, risk management, and communication. -Seek mentorship and training opportunities. -Stay updated on FinTech advancements. -Cultivate a growth mindset and take on challenges. -Network within the insurance community. -Obtain relevant qualifications like FASSA. Supporting Young Talent Companies like NNAC can nurture young talent by: -Implementing robust training programs. -Establishing mentorship initiatives. -Encouraging continuous education. -Fostering a culture of innovation. -Providing leadership development. -Reviewing compensation packages. -Creating internship and graduate programs. Investing in young professionals like Tatenda ensures a valuable source of fresh perspectives and innovative thinking for the industry's continued success. NNAC - People you can talk to Isla Simoes #NNAC #Young Professionals #Insurance #Montorship #Leadership

27

7 Comments