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Damages Committee

Overview

Members of ASSA are involved in various parts of the damages and litigation fields in South Africa. The roles of members in these fields usually relates to assisting the Court with quantum calculation, reporting and testifying (as an expert witness) on matters that are deemed to require the expertise of members. The following are the main types of claims where actuarial expertise might be required:

  •       Loss of income.
  •       Loss of support.
  •       Future medical costs.
  •       Maintenance.
  •       Accrual of estates.

 

The damages and compensation committee was formed to support actuaries working in this area and to promote the profession within this area of work.

 

Objectives

The objectives of the Damages Committee are to:

  • Promote discussion and research into topics of interest to actuaries working in the field,
  • Promote awareness of the profession’s involvement in this area,
  • Provide opportunities for continuing professional development and dissemination of relevant legal updates,
  • Develop professional guidance relating to work in the field, and
  • Create networking opportunities for actuaries working in this field.

Committee members

The current committee consists of a number of professionals working in this area.

The committee members are as follows: 

Committee member 

 Position

 Megan Butler

Chair and chair of the research sub-committee

 Talita Jacobs

Secretary and chair of the awareness, events and CPD sub-committee

 Wim Loots

Chair of the guidance sub-committee

 Amith Haribhai

Chair of the legal updates sub-Committee

Contact information

You can contact Megan Butler: butlerm@aforbes.co.za


Useful reading

A recommended reading list can be found here

Discussion documents

The research sub-committee has compiled a number of discussion documents. These should not be interpreted to be the opinion of the research sub-committee or the compensation and damages committee as a whole. Rather they reflect the considered opinion of an actuary working in the area and in certain cases a summary of the assumptions and methods used in practice. The following table reflects the papers that are available on request.

 

Discussion papers

Name

E-mail

Treatment of pension benefits

Charl du Plessis

charl@munrocc.com

Medical negligence discount rates

Charl du Plessis

charl@munrocc.com

Remarriage contingencies

Megan Butler

meganbjbutler@gmail.com

Interaction between the discount rate and the salary increase assumption

Tommie Doubell

tdoubell@argen.solutions

Mortality tables and AIDS mortality

Frans Koning

koningf@ufs.ac.za

Impaired mortality

Wim Loots

wim@wlac.co.za

The 2.5% discount rate

Megan Butler

meganbjbutler@gmail.com