Actuarial Society of South Africa The ASSA 2018 ERM Seminar

The ASSA 2018 ERM Seminar

The ERM Committee is responsible for growing and supporting the role of actuaries in the field of ERM.

The committee identifies and manages areas of research to support the establishment of an actuarial framework for Enterprise Risk Management (ERM) and to develop actuarial methodologies for measuring and managing Financial Risks.

The objectives include:

Formulate views of the South African actuarial profession on matters of concern to the profession in this field to South African institutions.

Co-operate with other Actuarial Society Committees, particularly the Health, Pensions, Short Term Insurance, Long-Term Insurance and Investment Committees to:
- consider issues of joint concern
- ensure a co-ordinated approach in providing guidance to actuaries: and
- formulate an actuarial process to risk assessment

Promote and encourage the development of actuarial skills in financial risk within the actuarial profession in South Africa, including recommendations to the ASSA Education Committee.

Maintain contact with the appropriate Committee(s) of the International Actuarial Association and develop and maintain contact with AFIR (the Financial Risk Section of the International Actuarial Association);

Liaises with other professional bodies on enterprise and financial risk related issues. e.g. IRMSA, PRMIA and GARP; and

Provides input to regulators on enterprise and financial risk management issues. This includes the implementation and management of the Basel 2 Accord for banks and Solvency Assessment and Management (SAM) for insurers.
English South Africa Investing
9 Episodes

Welcome and Start

Judy Faure - OMEM Deputy CRO at Old Mutual Group
Season 1 / Episode 1 2 min

Keynote Speaker - Sithembile Mbete

Sithembile is a political analyst and lecturer in the Department of Political Sciences at the University of Pretoria where she lectures International Relations (IR) and South African politics. Sithembile joined the University of Pretoria from The Presidency of South Africa where she was a researcher in the secretariat of the…
Season 1 / Episode 2 1 hr 11 min

Update from CERA

Janette Larney (FIA, FASSA, CERA) She is a senior lecturer at the Centre for Business Mathematics and Informatics of the North-west University. She chairs the Global CERA Review Panel and serves as course leader for ASSA's C100 Applied ERM coursenette Larney (FIA, FASSA, CERA)
Season 1 / Episode 4 10 min

What do Boards and Board Risk Committees expect from the ERM Function?

Panel: Fagmeedah Peterson-Cook, Herman Bosman and Louis von Zeuner Fagmeedah Petersen-Cook is an actuary with extensive credentials in the pensions and investments industry. Until 2016, she was the Chief Investment Officer at the Eskom Pension and Provident Fund. Fagmeedah was appointed to the board of the Government Employees Pension Fund…
Season 1 / Episode 5 57 min

Stable weak approximation at work in ruin probability calculations

Mario Giuricich - AIFMRM (The African Institute for Financial Markets and Risk Management, UCT) He completed his Bachelor of Business Science (Actuarial Science) in 2012, his Master’s in Mathematical Finance in 2013, and submitted his PhD in July 2018. Mario maintains strong ties with his Actuarial Science background. He lectured…
Season 1 / Episode 6 26 min

Models, mistakes and mayhem

Kavi Pather (Partner at EY) and Idelia Hoberg Kavi has worked extensively across the industry for more than 10 years. His clients include almost all the short-term insurers of size in the South African market and several large players on the African continent. He has served as a statutory actuary…
Season 1 / Episode 7 36 min

Approach to Model Risk in Machine Learning environment

Simon Greenberg - Head of Independent Validation Unit at ABSA Group Limited He is a “roundabout actuary”. After giving up exams and doing an MSc in Statistics, he decided to finish the exams after all. Unfortunately, by then, he was so comfortable in banking that moving back into a traditional…
Season 1 / Episode 8 32 min

Hidden state and parameter estimation using particle filtering

Andrew Soane, AIFMRM He is a first year PhD student at the African Institute of Financial Markets and Risk Management (AIFMRM), at UCT. He completed his MPhil in Mathematical Finance at AIFMRM in February, 2018, and prior to that he completed a Bachelors in Business Science, in Actuarial Science, from…
Season 1 / Episode 9 31 min

Cyber Panel : Ask the CISO?

Zaid Parak (Discovery), Kerissa Varma (Old Mutual) and Julian Ramiah (Liberty) Zaid has over 20 years of IT experience across a wide range of disciplines, including Networking, Infrastructure, Development, Architecture, Security and working knowledge of Risk management with audit exposure. Has driven multiple enterprise wide security programs, projects and implementation…
Season 1 / Episode 10 59 min