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Committee Mandate and Activities
The committee’s scope is Short-term Insurance actuarial work performed by actuaries in general, and by statutory actuaries in particular, in terms of the Short-term Insurance Act.
The objective of the committee is to develop the interests of the profession with regard to Short-term Insurance, as follows:
- To actively support the development and thought leadership of actuarial practice in the areas where actuaries apply actuarial techniques and theory in the Short-term Insurance industry through the development of Actuarial Practice Notes, the provision of CPD events, and the facilitation of research activities.
- To contribute to the strategic direction of the Actuarial Society from the perspective of Short-term Insurance and, in so doing, to support the Actuarial Society brand promise of “thought leadership”.
- To provide input to the Financial Services Board in order to influence legislation affecting Short-term Insurers.
- To provide support for the Actuarial Society’s education initiatives in relation to Short-term Insurance.
Committee Members
The committee includes:
- The STIC Chair and secretary as well as the Chairs of the various subcommittees, an actuary from the Prudential Authority and a representative from the Actuarial Society Executive Committee.
- Representatives from ASABA, SAICA, SAIA.
- Industry representatives for insurers, reinsurers, and actuarial consultancies.
- Sias Esterhuizen (Chairperson)
- Lushmika Morar (Secretary)
- Paballo Makupu (Subcommittee: Communication)
- Herman Van Heerden (Subcommittee: CPD)
- Hilda Vigoureux (Subcommittee: Education)
- Thandanani Mbhele (Subcommittee: Emerging matters)
- Kevin Ross (Subcommittee: Legislation)
- Lisa Pines (Subcommittee: Practice Certificate)
- Dennis De Gouveia (Subcommittee: Professional Guidance)
- Sajiv Issuree (Subcommittee: Research)
- Lance Moroney (Subcommittee: IFRS17 Working Group)
- Annemarie Sinclair (Subcommittee: Professional Guidance)
- Niel Fourie (Representative: Actuarial Society)
- Thandanani Mbhele (Representative: ASABA)
- André Janse Van Vuuren (Representative: Industry)
- Susan Atkinson (Representative: Industry)
- Christiaan Ahlers (Representative: Prudential Authority)
- Kondelelani Muthaphuli (Representative: Prudential Authority Alternate)
- Kabelo Paile (Representative: SAIA)
- Lily Xu (STIC Liaison: ASSA Climate Risk Committee)
- Ronald Richman (STIC Liaison: ASSA ERM Committee)
- Vacant (STIC Liaison: ASSA Market Conduct Committee)
Contact Details
Contact: lmorar@munichre.com