Committees
The Actuarial Society supports actuaries and promotes the interest of the profession in the various practice areas in which its members operate. In order to accomplish this, different committees, task forces and forums are in place. The Committee Handbook describes the Society Committee structure, provides guidance on how Committees should be run and also outlines what Council expects from Committees.
PRACTICE AREA COMMITTEES
The various Practice Area Committees are responsible for the technical and research work related to the main practice areas.
BANKING COMMITTEE
The Banking Committee was established to consider the current and potential actuarial involvement in this area. The committee’s objectives include investigation of key issues in the banking environment and providing guidance to actuaries practicing in this environment.
DAMAGES COMMITTEE
The Damages Committee assists actuaries and facilitates communication, discussion and liaison within the profession on relevant topics related to damage assessment.
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ENTERPRISE AND FINANCIAL RISK MANAGEMENT (ERM)
The ERM Committee is responsible for growing and supporting the role of actuaries in the field of ERM.
HEALTHCARE COMMITTEE
The Healthcare Committee supports actuaries and actuarial students practising in healthcare and improves the contribution of actuaries to the field in order to enhance the understanding of healthcare issues.
INVESTMENTS COMMITTEE
The Investments Committee advises Council and informs the Society’s membership on matters relevant to investment actuaries in South Africa.
LIFE ASSURANCE COMMITTEE (LAC)
The Life Assurance Committee is responsible for developing the interest of the profession in the Life Assurance industry. This includes matters relating to the financial soundness of life assurers.
MICRO-INSURANCE COMMITTEE
The Micro-insurance Committee is responsible for developing the interest of the profession in all areas related to Micro-insurance.
RETIREMENT MATTERS COMMITTEE
The Retirement Matters Committee is responsible for support and development linked to retirement and related funds, including retirement
elements of National Social Security.
SHORT-TERM INSURANCE COMMITTEE (STIC)
The Short-term Insurance Committee is responsible for developing the interest of the profession in the Short-term Insurance industry.
Council Standing Committees
These Council Standing Committees support the Practice Areas Committees in areas that impacts the whole actuarial landscape.
Demography & Epidemiology
The Demography & Epidemiology committee aims to assist the profession and Society in assessing and addressing the impact of HIV and AIDS in South Africa.
HIV and Aids models are available by clicking on Read More
Continuous Statistical Investigations (CSI)
Research
The Research Committee is responsible for the promotion of actuarial research in South Africa.
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MARKET CONDUCT COMMITTEE
This committee deals with matters relating to market conduct in areas in which members of ASSA are active.
“Market conduct” in relation to any entity means the entity’s pattern of behaviour in executing its product design, pricing and promotion strategies.
DATA SCIENCE FORUM
The Data Science Member Forum is responsible for support and development of actuarial practice in the area of data science
ALTERNATIVE INVESTMENTS MEMBER FORUM
The Alternative Investments Member Forum is responsible for support and development of actuarial practice in the area of alternative investments.
SYSTEMS AND TECHNOLOGY COMMITTEE
This committee was established due to the need for actuarial assistance and involvement in Systems and Technology areas. This committee aims to bridge the gap between IT and actuarial.
Activities of the Committee / Mandate of the Committee
The International Committee: Africa (formerly the Africa Committee) was established given the growing number of ASSA members who were working in countries on the African continent outside of South Africa. The committee is a sub-committee of the Stakeholder Board.
Disciplinary Committee
To investigate complaints made against members of ASSA in accordance with ASSA’s Disciplinary Procedure
Council Task Forces
ASSA can establish Task Forces to complete a specific task or set of tasks that are important to the Actuarial Society.
There are currently no active council task forces.