IFRS17 In Your Future

 

 

Welcome to Virtual ACTUARY

The hi-tech approach

Virtual Actuary is a firm of highly experienced actuaries ready to work along side your existing team, in any of your insurance, banking or investments projects.

ABOUT

New Tech and a revolutionary method

New technology enables actuaries to perform their services independently and offsite. With clients under pressure to reduce costs, leading to reduced actuarial departments. Global shortage of actuaries means a new Virtual workforce of actuaries is the future of work.

Plan

Pre-emptive

We believe that one can pre-empt
a future outcome by utilising
a system of proven techniques
and a team of experts who specialise
in the science of uncertainty.

CALCULATE

Precise

We exact, accurate, correct,
error-free, specific, detailed,
unambiguous, definitive, particular,
rigorous, strict, and methodical.
Actuarial science is any and
all of the above.

SOLVE

Practical

We aim to provide realistic solutions
to complex problems with a long
term forward look.

IFRS17

IFRS17 policy and methodology

We can provide a list of IFRS17 policy and methodology choices that you have to make. Drafting of P&M papers.

P&M investigations and Impact assessment of various P&M choices.

Blog 

IFRS17 Resources and News

Here you can discover our own in-house expert articles.

International IFRS17 implementation status update

International IFRS17 implementation status update

How far are insurers with their IFRS17 implementation journeys? The past three years have been filled with IFRS17 implementation activities and I think it’s safe to say most of us have been involved with one-of-a-kind and exciting projects. This, I believe, is...

International IFRS17 implementation status update

How far are insurers with their IFRS17 implementation journeys? The past three years have been filled with IFRS17 implementation activities and I think it’s safe to say most of us have been involved with one-of-a-kind and exciting projects. This, I believe, is...

Why are we implementing IFRS17 again?

The main reason for implementing IFRS17   Going through the process of implementing IFRS17 one quickly realises the vast impact this standard has on an insurer. It’s probably one of the most costly standards ever to be implemented by insurance companies. One...

Services

Our comprehensive services are at your disposal.

IFRS17

Reserving, Capital modelling, Pricing, Risk management and Solvency II’ We provide a full and comprehensive service offering covering among other things.

IFRS17

Reserving, Capital modelling, Pricing, Risk management and Solvency II’ We provide a full and comprehensive service offering covering among other things.

Non-life General Insurance

Reserving, Capital modelling, Pricing, Risk management and Solvency II’ We provide a full and comprehensive service offering covering among other things.

Investments

We have access to a variety of top actuarial investment experts and juniors, and projects we have been involved in have been far from standard.

Life Insurance

Individual and Group Life.
We provide a full and comprehensive service offering.

Wider Fields, Telco AND Advanced Analytics

At Virtual Actuary, our advanced data analytics team takes your data security extremely seriously. We use end to end encryption, secure and POPIA-compliant storage facilities.

Healthcare

Estimation of IBNR (Incurred but not reported) Claim Liabilities, loss ratio and claims utilisation studies, reserving and modelling.

TEAM

Meet Our Experts

Our team of experts offers a comprehensive range of actuarial services founded on a depth of experience acquired locally and globally.

Johan Vrolijk

Johan Vrolijk

Co-CEO

“I do actuarial stuff.”

Jacques Naude

Jacques Naude

Principal Data Scientist

“I’ll help you get the data to make sense.”

Pierre Chandre Pelser

Pierre Chandre Pelser

Life and Big Data Actuary – Manager

“Being an actuary is a privilege. I want to make a difference in the lives of South Africans.”

Andrew Sharpe

Andrew Sharpe

Global head of Life, Reinsurance and ERM

“Let’s really talk about Enterprise Risk, Solvency and other fun related topics.”

Andre Erasmus

Andre Erasmus

IFRS17 Implementation

“Passionate about IFRS17 and getting you over the line before 2023!”

Rob Baker

Rob Baker

Overseeing InvestmentTeam

“A seasoned Investment professional who enjoys the challenge in everything he does.”

Jessica Blignaut

Jessica Blignaut

Quants and Risk Analyst

“Each assignment will impact so many people’s lives, how amazing is that!”

Tania Van Der Merwe

Tania Van Der Merwe

Insurance Valuations and Regulatory Manager

“If you look closely, you will realise those big companies are run by people”

Thinus van der Merwe

Thinus van der Merwe

Life Product Design and Pricing Manager

“Achieving a structured solution which makes company and client happy, is the goal.”

In the News

Here are some stories featuring Virtual Actuary in the news.

Men’s Health 5 Quick Tips For A Successful Business From CEO Adi Kaimowitz

With lockdown changing the way we work, and many starting new ventures, we sought Adi's advice. Adi Kaimowitz has been through it all. As founder and CEO of Virtual Actuary, he knows the trials and tribulations of starting a business and a successful one at that....

Meet the Marketeers chats about New Age Marketing Strategies with Adi Kaimowitz

On this episode of the Meet the Marketeers podcast, we chat about New Age Marketing Strategies with Adi Kaimowitz from Virtual Actuary - plus news and insight from the only marketing podcast on the internet.  The News 2:50 - The wrong and the real of marketing...

Going digital and understanding technologies with Adi Kaimowitz

Ralf Fletcher, CEO of Topco Media speaks to National Business Award finalist for Entrepreneur of the Year, Adi Kaimowitz – CEO and founder of Virtual Actuary. In this week’s Business Unusual podcast, Ralf Fletcher, CEO of Topco Media, speaks to Adi about digitising...

#LockdownLessons: Virtual Actuary

#LockdownLessons explores the impact of the Covid-19 pandemic on businesses, how they prepared for lockdown and its impacts on operations and employees, as well as lessons, learned that we can take into the post-Covid-19 era. Virtual Actuary is a team of experts...

Ensure 24 months runway if you want to raise VC funding now, says venture capitalist

Startups that are not venture capital (VC) funded and are looking to get VC funding, should have a minimum of 24-months worth of cash in the bank or secured revenue, in order to close investment, says Kalon Venture Partners CEO Clive Butkow. Talking in a Zoom video...

BizNews Article March 2019

Eyeing a US expansion, Adi Kaimowitz’s Virtual Actuary takes off 8th March 2019 by Gareth van Zyl JOHANNESBURG — In a previous podcast with BizNews in 2018, Cape Town-based Adi Kaimowitz told us all about his interesting startup...

VentureBurn.com Article Jan 2019

SA startup Virtual Actuary may consider ‘combo valuation’ with US partner Six months after turning down an investment offer from a major SA insurance company, SA startup Virtual Actuary is in the US for talks with venture capitalists — including some who are keen to...

Hartford Insurtech January 2019 Talk

Hartford Insurtech January 2019 Talk - Hartford Connecticut USA Virtual Actuary invited to speak in the United States of America about disruption in the actuarial world.

Business Spotlight: Virtual Actuary – Shaking up the Actuary industry worldwide

Welcome to the first episode of business spotlight, where I will be chatting to interesting people about their businesses. What a better way to start this series than by chatting to a good friend of mine that has shaken up the Actuary industry worldwide! I first met...

Sramana Mitra’s 1Mby1M Roundtable with Adi Kaimowitz from Virtual Actuary

Sramana has been named LinkedIn’s #10 Top Influencer. Here she discusses Virtual Actuary at her virtual round table episode 421.

YourBusiness Magazine Article October 2018

Virtual Actuary uses SMART TECH solutions HERE'S HOW I DID IT ADI KAIMOWITZ, co-founder of Virtual Actuary, spends more time out of the office than in it. Here he shares the tools that allow him to do this and still run a growing business. Which key tech tools allow...

MoneyWeb.co.za Article August 2018

Local start-up promises actuaries on demand Tech-driven business promises low fees and more pay for actuaries.  From on-demand ride hailing to meals on wheels platforms, consumer convenience has driven advances in technology and its applications. Similarly, local...

Fast Company Magazine Article July 2018

The importance of technological innovation in the actuarial industry The Fourth Industrial Revolution brought about by Artificial Intelligence has caused a tidal wave of possible change in the actuarial profession. Their success will depend on how they adapt to future...

VentureBurn.Com Article July 2018

SA entrepreneurs detail the software they use to run their tech start up Jira, Google Suite for Business, Ruby on Rails and fathomhq. These are just some of the software programs that SA tech entrepreneurs are using to set up their startup. Ventureburn spoke to...

Disrupt-Africa.com Article July 2018

How SA’s Virtual Actuary is disrupting a long-stagnant market By Tom Jackson on June 20, 2018 Adi Kaimowitz knows a thing or two about the actuarial space, having run a recruitment business in the sector and worked with actuaries for years. What we saw concerned him....

VentureBurn.com article July 2018

SA web platform Virtual Actuary turns down bid from major insurance firm Things are hotting up for SA web platform Virtual Actuary, which allows actuaries to collaborate on projects without the need for expensive offices. The startup last week turned down an...

YourBusiness Magazine Article June 2018

Ask The Experts Growing a business takes time and resources; time and resources you may not feel you have. When you start feeling this tension, it might be time to consider getting some help... For entrepreneurs, time is almost as valuable as money, as both a...

Finweek Magazine Article May 2018

Actuarial Consulting Gets a Makeover After working as an actuarial recruiter for more than eight years, Adi Kaimowitz wanted to do something with the network of actuaries that he'd built up. He considered four business models, until he finally came up with one that...

Biznews.com Article May 2018

Shaking up the actuarial industry: Backstory of Adi Kaimowitz’s ‘Virtual Actuary’ 22nd May 2018 by Gareth van Zyl JOHANNESBURG — With a background in sales and marketing, and after having made connections with several actuaries over the years, Cape Town-based Adi...

Financial Mail Magazine Article March 2018

Another way to do it It takes courage and self-belief to list on the JSE in budget week. But the Core Shares Global Dividend Aristocrats is no "me- too" fund. This exchange-traded fund (ETF) gives investors and their advisers the chance to take a different approach...

VIDEOS

Virtual Actuary video and social media.

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Phone

+27 (0) 83 570 2272