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Short -term Insurance Committee (STIC)

 

Overview

The committee’s scope is Short-term Insurance actuarial work performed by actuaries in general, and by statutory actuaries in particular in terms of the Short-term Insurance Act.

Objectives

The objective of the committee is to develop the interests of the profession with regard to Short-term Insurance, as follows:

  • To actively support the development and thought leadership of actuarial practice in the areas where actuaries apply actuarial techniques and theory in the Short-term Insurance industry through the development of Actuarial Practice Notes, the provision of CPD events, and the facilitation of research activities.
  • To contribute to the strategic direction of the Actuarial Society from the perspective of Short-term Insurance and, in so doing, to support the Actuarial Society brand promise of “thought leadership”.
  • To provide input to the Financial Services Board in order to influence legislation affecting Short-term Insurers.
  • To provide support for the Actuarial Society’s education initiatives in relation to Short-term Insurance.

Committee members

The committee includes:

  • The Chairs of the various subcommittees, an actuary from the FSB and a representative from Council.
  • Representatives from SAICA, SAIA and a non-executive member.

The committee members are as follows:

 

 Committee member  Position             
 Alex Thomson  Deputy
 Andre Jansen van Vuuren  Chair
 Annemarie Sinclair  
 Bev Dias  
 Colin van der Meulen  
 Matthew Weaver  
 Erik Harkema  Secretary
 Eugene van der Westhuizen  
 Ray Welham  Council
 Hantie van Heerden  
 Jaco van der Merwe  
 Lance Moroney  
 Manoli Damoulakis  
 Natalie van de Coolwijk  
 Neville Strohmenger  
 Ninette Meyer  
 Paul Radomsky  
 Philippa Wild  
 Salmien Symeonedis  
 Sias Esterhuizen  
 Stuart Green  
 Sumarie Greybe  
 Vuyo Rankoe  
 Wilhelm von la Chavallerie  

Reporting

The committee maintains minutes of its meetings and presents quarterly reports to Council. For information on these, contact Niel Fourie: nfourie@actuarialsociety.org.za

Contact information

You can contact the STIC committee at bdias@scor.com

Useful links

Please refer to the Practice Area Activities for details on committee activities and events.

Information on practicing certificates is available under Professional matters.

Professional guidance:
Series 400 - General Insurance Advisory Practice Note

Visit the past presentations webpage for Short-term Insurance papers and presentations from past professional events of the Actuarial Society.

Websites:
www.acts.co.za
www.fsb.co.za
www.casact.org
www.saia.co.za
www.iaisweb.org
www.actuaries.org
www.prmia.org
www.croforum.org
www.ifrs.org

Relevant documents

Please refer to the document archive for relevant documents.