What is an Actuaries?
An actuary is a professional with advanced mathematical skills who deals with measuring and managing risk and uncertainty.
The name of the corresponding field is actuarial science which covers rigorous mathematical calculations in life expectancy and life insurance.
Companies That Hire Actuaries In South Africa
Actuary
Sandton:
Actuary – Value added and Ancillary Products
About Discovery
Discovery’s core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery.
Our fast-paced and dynamic environment enables smart, self-driven people to be their best. As a global thought leader, Discovery is passionate about innovating to not only achieve financial success but to ignite positive and meaningful change within our society.
About Discovery Insure
Discovery Insure is committed to creating a nation of great drivers and building better businesses through our innovative Shared-value Insurance model. Discovery Insure is South Africa’s fastest-growing short-term insurance company with comprehensive products that protect against current and emerging risks facing clients in the motor, home, and business insurance sectors.
Key Purpose
Liaising with sales, systems, and operations to enable cross-selling across the entire Discovery Insure product suite through the research, development, and implementation of innovative Value Added and Ancillary products.
Areas of responsibility may include but are not limited to
Business owners are accountable for:
- Current state assessment to identify gaps and improvement in processes; Identify gaps between current and future-state capabilities (skills).
- Identifying and building future demand scenarios and target setting.
- Developing turnaround strategy & executing the strategy.
- Analytics & reporting.
- Sales, marketing, systems, product development, and operations teams’ liaisons and target setting.
Where do actuaries work in South Africa?
Most actuaries are employed in the financial services sector, where their skills are utilized in financial decision-making.
What is the unemployment rate of actuaries in South Africa?
zero
In an environment where demand for actuarial skills significantly exceeds supply, the unemployment rate for South African actuaries is zero, according to Mike McDougall, CEO of ASSA. Compounding the shortage in South Africa is the emigration of actuaries to countries trying to meet their growing requirements.