Media Room

South African actuary achieves milestone in Risk Management

FASSA Karl Schriek is the 1 000th recipient of the internationally recognised Chartered Enterprise Risk Actuary designation. 

  1000th CERA (12 March 2012) Final.doc

Prestigious awards for local actuaries

The Actuarial Society of South Africa last night bestowed its most prestigious honour, the Murray Medal, on South African actuary Desmond Smith for his outstanding service to the Society and the actuarial profession.

SA’s first CERA’s

South Africa has produced its first Chartered Enterprise Risk Actuaries (CERAs), making it one of the few countries in the world able to boast actuaries formally trained to devise and implement effective risk strategies across organisations.

ASSA2008 Aids Model released

The ASSA2008 model was released in March of 2011, and is the most recent version of the ASSA AIDS and Demographic model to be released. The most significant changes to the previous version of the model are greater estimates of the impact of antiretroviral treatment in recent years, as well as significant increases in levels in condom usage over the last decade. (9 March 2011)

   ASSA2008 Model - News release (09 Mar 2011)

CERA Designation: South Africa attains Award status

"South Africa’s Chartered Enterprise Risk Actuary (CERA) qualification was approved by the CERA Global Association in Switzerland in January 2011.

Peter Doyle, President of the Actuarial Society of South Africa, says the Society is expecting to announce the country’s first actuaries with the internationally recognised new CERA qualification later this year. Currently the US, UK and Australia are the only other countries where actuaries can obtain the international CERA qualification."

More details appear in the attached press release.

  CERA news release (01 Feb 2011)

Reality check – can you afford to retire?

How likely are you to have R6-million in savings and investments at your disposal when you turn 60? If you are planning to retire at age 60, this is the amount of money you will need to ensure that you have at least
R15 000 a month before tax to live on without eating into your capital amount.

Actuarial model weighs up the odds for the 2010 World Cup

Mathematically speaking, Brazil has an 18.8% chance of winning the 2010 FIFA World Cup, followed by Germany with 18.6% and Italy with 17.5%. This is according to an actuarial model prepared by an actuary and a pricing analyst from RGA Reinsurance.

South African actuaries to become experts in global risk management

South Africa is likely to be one of only a handful of countries in the world by the end of this year producing sought after chartered enterprise risk actuaries. Actuaries with the internationally recognised Chartered Enterprise Risk Actuary (CERA) qualification are trained to devise and implement effective risk strategies across organisations, a highly desirable skill since the global financial crisis exposed excessive risk taking by organisations around the world.

Overview of publicity generated as a result of ICA 2010

Please find below some links to articles that are mentioned in the above report.

Boffins advise you to plan ahead for next crunch

More claim disability during crisis

Gordhan seeks fair economic system 

South African actuary up for presidency of global body

Local actuaries show that disability claims rise during times of economic hardship

World’s actuaries to conduct global crisis post mortem in SA

Actuaries in high demand after the Global crisis

Seasoned actuary to oversee logistics of growth for SA actuarial profession

SA actuaries adopt coveted international risk management qualification

Actuaries to qualify locally as from next year

Media Statement distributed on behalf of the Actuarial Society of South Africa by:

Professor Rob Dorrington, Professor of Actuarial Science, University of Cape Town and Convenor of the ASSA AIDS Committee.
rdorring@commerce.uct.ac.za
Phone: (021) 650 2475