Individual and Group Life

We provide a full and comprehensive service offering covering among other things:

Product Development:

Product Development of new innovative products.

Product knowledge for the following countries: Botswana, Ghana, Kenya, Lesotho, Malawi, Mauritius, Mozambique, Namibia, Nigeria, Swaziland, Tanzania, Zambia and South Africa

Products include: Group and Individual for Life and Funeral cover, Credit Life cover, Pension Fund investment, Disability, PHI, Dread Disease & other riders, Micro insurance and mobile solutions providers, health insurance.

Financial reporting:

Valuations including statutory valuation responsibility for life assurer, reinsurer, friendly society, cell captive or start-up insurers

SAM / Solvency II implementation and review

  • Solvency Capital Requirement
  • Internal model
  • Own Risk Solvency Assessment

Embedded value calculations

IFRS17 formulation, preparation and implementation

Reinsurance:

Advising and implementing reinsurance arrangements to enable efficient capital management

Risk and capital management:

Asset liability modelling, liquidity and market risk management

Economic Capital Modelling and Risk Capital Allocation and optimisation

Software:

Support in using and managing actuarial cash flow modelling systems (Prophet, MoSes and Mo.net).

Global consulting resources at your fingertips

We have assembled a truly global team of very experienced actuaries who have the knowledge and capabilities to partner with you in any project you see as top priority. The experience provided above encompasses the vast knowledge of some of our actuaries and enables us to start a conversation about where you are headed and how we can help you get there. Each assignment is most certainly unique just like your very own business. There are 2 major things we see as differentiating you from your competition. Firstly the products you have available and secondly how you manage those products. Efficiency and reliability is never a zero-sum game but rather a series of management decisions utilising the resources you have, to achieve your desired outcome. Every golfer needs a top-class caddy and we have been walking the fairways of this industry; knowing which obstacles to avoid and from where to try and hit the green. As a new turnkey actuarial services provider, we are only 10% busy at the moment which allows us to spend 90% of our effort to make you more efficient.

Your performance before vs after Virtual Actuary is involved

A – Things were going so well until we moved into all those other countries

B – I think I’m going to give Virtual Actuary a call

C – Having the extra capacity is really empowering the other staff

D – Now this is the vision for where my business should be headed

Why choose us?

Virtual Actuary is a level 2 BEE service provider with a team of experienced actuaries who have a thorough insight into the South African insurance industry. Collectively our in house skill set incorporates over 40 actuaries who have each in their own right reached the highest level within their respective previous employers

We can be reached accordingly.

+27 21 433 1512 / +27 83 570 2272 / info@webaddress

As a leaner operation, we'll extend those cost savings on to you

We can’t wait to hear all about your ambitious plans and how we can get involved timeously and affordably

Let's get your plan of action down on paper so we can get started

Our business is founded on being pre-emptive, precise and practical. How refreshing!

We can also be reached via our contact now page