How Many Actuaries In South Africa

What are Actuaries?

An actuary is a professional with advanced mathematical skills who deals with the measurement and management of risk and uncertainty. 

How Many Actuaries In South Africa

South Africa has approximately 1100 practicing actuaries and 2000 actuarial students who have already completed their undergraduate studies.

Association of South African Black Actuarial Professionals

Address: Liberty Life Building, 1 Ameshoff St, Johannesburg, 2001
Phone: 065 813 0203

GW Jacobson Consulting Actuaries

Address: 26 Baker St, Rosebank, Johannesburg, 2196
Hours: Closes soon ⋅ 4:30 PM ⋅ Opens 8:30 AM Mon
Phone: 011 442 0065

SNG ARGEN Actuarial Solutions – Centurion

Address: Building B, Westend Office Park, 250 Hall St, Centurion, 0157
Hours: Closed ⋅ Opens 8 AM Mon
Phone: 012 643 0222

The Actuarial Society of South Africa

Address: 2nd Floor, Birkdale 1, River Park, Gloucester Rd, Mowbray, Cape Town, 7405
Hours: Open ⋅ Closes 5 PM
Phone: 087 073 8940

Simeka Consultants & Actuaries

Address: c/o Sanlam, Block D, Westend Office Park, 250 Hall St, Centurion
Hours: Closes soon ⋅ 4:30PM ⋅ Opens 8AM Mon
Phone: 012 369 8800

Independent Actuarial Consultants

Address: Floor 6 Wale St Chmbrs, 38 Wale St, Central, Cape Town, 8001
Phone: 021 422 4373

Fifth Quadrant Actuaries And Consultants (Pty) Ltd

Address: 240 Main Rd, Rondebosch, Cape Town, 7700
Phone: 021 681 3700

Virtual Actuary

Address: 4 Park Lane, 155 High-Level Road, Three Anchor Bay, Cape Town, 8005
Hours: Closes soon ⋅ 4 PM ⋅ Opens 8:30 AM Mon
Phone: 021 433 1512

Are actuaries in demand in South Africa?

The demand for actuaries is not unique to South Africa – the United States Bureau of Labour Statistics recently predicted a 20 percent growth rate in the employment of actuaries from 2018 to 2028, which far exceeds the growth expectations for all other professions,” it said.

What companies hire actuaries?

Besides Liberty Mutual, top private employers of actuaries – both in insurance and pensions/benefits – include The Travelers, Towers Watson, Milliman, The Hartford, CNA, Allstate, Nationwide, Price water house Coopers, Towers Watson, Mercer, Aon Hewitt, Prudential, MetLife and ING.

How many black actuaries are in South Africa?

According to the recent reports by ASSA, SA has 109 Black African Fellow Actuaries, compared to 974 White Fellow Actuaries (ASSA, 14 August 2018). Thus one may say the numbers speak for themselves.

Where do actuaries work in South Africa?

Some actuaries specialize in technical research, while others may focus more on commercial activities. Some go on to be practicing specialists in one of the traditional financial fields, with others become senior managers in insurance companies or firms of consultants