Actuarial Convention 2015: “The future belongs to the curious”: Recent Episodes
Actuarial Society of South Africa
17 - 18 November 2015 , Sandton Convention Centre , Johannesburg, the Society’s 42nd Convention. Albert Einstein famously said that he has no special talents, he is only passionately curious. What are you passionate or curious about? The Actuarial Society’s 2015 Convention is fresh and different in a couple of ways: Cutting-edge, progressive thinking, New formats and practical ideas, More interaction and connection opportunities, A range of new topics and session types on offer with some impressive international speakers. This channel contains the recordings from the event. KEY: ℗ = paper. --SEE THE LINKS BELOW FOR THE PROGRAM AND SUMMARIES--
2 x TED-style talks: FRAUD IN THE HEALTHCARE ENVIRONMENT: A CASE STUDY (S Windell), LOW-COST HEALTHCARE COVER IN AFRICA: AN INVESTIGATION OF AFRICA’S ALTERNATIVES TO THE MEDICAL SCHEME MODEL AND REDEFINING “LOW COST” (K Chigiji), Chair: Wynand Neethling (Healthcare) FRAUD IN THE HEALTHCARE ENVIRONMENT: A CASE STUDY — PDF (1.1 MB) · LOW-COST HEALTHCARE COVER IN AFRICA: AN INVESTIGATION OF AFRICA’S ALTERNATIVES TO THE MEDICAL SCHEME MODEL AND REDEFINING “LOW COST” — PDF (601.6 KB)
PLENARY ADDRESS: Vusi Thembekwayo – Business Leadership for Actuaries in both Management and Specialist Roles, CLOSING REMARKS: Roseanne Murphy da Silva, Chair: Roseanne Murphy da Silva. Vusi Thembekwayo is the youngest JSE director in South Africa and has influence over R4.27bn in capital through board appointments. As a business speaker he empowers audiences with new knowledge, research findings and tools that they can immediately apply in their businesses or careers to achieve “step-change” results. He ran a R400mln division in a R17bn multi-national where he achieved the highest EBITDA within the group and today is the youngest director of a listed company and also serves on several boards. Presentation — PDF (6.8 MB)
Lecture and 1 x TED-style talk: THE ACTUARY IN MERGERS & ACQUISITIONS (D Kirk), THE FLOURISHING FIRM (NB Hudson) ℗, Chair: Virgilio da Silva (Wider Fields; Investments) THE ACTUARY IN MERGERS & ACQUISITIONS — PDF (392.1 KB) · THE FLOURISHING FIRM — PDF (121.3 KB)
2 x TED-style talks: PLANNING FOR A HAPPY RETIREMENT (J Legutko), A RISK MANAGEMENT APPROACH TO THE ROLE LIFE INSURERS SHOULD PLAY IN THE RETIREMENT SECURITY (K Mungan), Chair: Mayur Lodhia (Retirement Matters; Life Assurance) PLANNING FOR A HAPPY RETIREMENT — PDF (4.9 MB) · A RISK MANAGEMENT APPROACH TO THE ROLE LIFE INSURERS SHOULD PLAY IN THE RETIREMENT SECURITY — PDF (1.0 MB)
3 x TED-style talks: DISRUPTIVE INNOVATION IN FINANCIAL SERVICES (L Rossouw), PRODUCT DEVELOPMENT: SOUTH AFRICA VS THE REST (G Becker, G Rutherford), THE SCIENCE OF CUSTOMER LOYALTY PROGRAMMES (S Burnstone), Chair: Ashleigh Theophanides (Life Assurance; Short-term Insurance; Wider Fields; Healthcare; Finance) DISRUPTIVE INNOVATION IN FINANCIAL SERVICES — PDF (2.5 MB) · PRODUCT DEVELOPMENT: SOUTH AFRICA VS THE REST — PDF (1.3 MB) · THE SCIENCE OF CUSTOMER LOYALTY PROGRAMMES — PDF (1.3 MB)
Panel Discussion: AN ACTUARY IN THE DAMAGES SPACE: FINDING THE BALANCE BETWEEN THE CLIENT’S NEEDS AND PROFESSIONALISM (Panel: A Nondwana, T Doubell, W Boshoff), Chair: Wim Loots (Wider Fields; Professional Matters) Presentation — PDF (1.4 MB)
2 x TED-style talks: HAIL AND QUAKE IN SOUTH AFRICA: WHAT SHOULD YOU BE WORRIED ABOUT? (C Fasana, A Parmar), RISK VISUALISATION: SEEING IS BELIEVING (H Van Rensburg), Chair: Nicola Stephens (Short-term Insurance; Wider Fields) HAIL AND QUAKE IN SOUTH AFRICA: WHAT SHOULD YOU BE WORRIED ABOUT? — PDF (1.4 MB) · RISK VISUALISATION: SEEING IS BELIEVING — PDF (6.0 MB)
2 x TED-style talks: IMPACT OF INNOVATION ON CRITICAL ILLNESS PRODUCTS (S Lazic), SOUTH AFRICA: A LIFESTYLE TIME-BOMB? (P Appelo), Chair: Paul Lewis (Life Assurance; Healthcare) IMPACT OF INNOVATION ON CRITICAL ILLNESS PRODUCTS — PDF (749.1 KB) · SOUTH AFRICA: A LIFESTYLE TIME-BOMB? — PDF (663.8 KB)
Lecture: OPERATIONAL STRATEGY: SUSTAINING CUSTOMER EXPERIENCE (Y Moodley), Chair: Judy Faure (Life Assurance; Shortterm Insurance; EFRM) Presentation — PDF (1.5 MB)
2 x TED-style talks: TELEMATICS: DISRUPTING MOTOR INSURANCE IN SOUTH AFRICA (S Greybe, K Pather), THE USE OF COGNITIVE MAPPING IN USER-BASED INSURANCE (D Stone, A Potgieter). Chair: Philippa Wild (Short-term Insurance; Wider Fields) THE USE OF COGNITIVE MAPPING IN USER-BASED-INSURANCE — PDF (2.5 MB)
Lecture: AN INITIAL FRAMEWORK TO AID CHIEF RISK OFFICERS IN CONSIDERING WHETHER SOUTH AFRICAN INSURERS’ CULTURE IS ALIGNED WITH ENTERPRISE RISK MANAGEMENT (K Nagar, M Hayes) ℗, Chair: Arthur Els (EFRM; Life Assurance; Short-term Insurance) Paper — PDF (1.0 MB) · Presentation — PDF (1.0 MB)
Workshop: PROFESSIONAL AND ETHICAL CHALLENGES: A WEEK IN THE LIFE OF A CONSULTING ACTUARY (C Nel, D Ferreira, K Meissner-Roloff, N McGavin, C Basson), Chair: Sandile Mbili (Professional Matters ) Presentation — PDF (3.2 MB)
2 x TED-style talks: AN ACTUARIAL PERSPECTIVE ON MEDICAL SCHEME BENEFIT DESIGN (J Kaplan, S Ranchod) ℗, SOLVENCY ASSESSMENT REGIME FOR SOUTH AFRICAN MEDICAL SCHEMES (GI Scott, AN Lowe) ℗, Chair: Alex Brownlee (Healthcare) AN ACTUARIAL PERSPECTIVE ON MEDICAL SCHEME BENEFIT DESIGN (Paper) — PDF (466.8 KB) · AN ACTUARIAL PERSPECTIVE ON MEDICAL SCHEME BENEFIT DESIGN — PDF (1.6 MB) · SOLVENCY ASSESSMENT REGIME FOR SOUTH AFRICAN MEDICAL SCHEMES (Paper) — PDF (928.0 KB) · SOLVENCY ASSESSMENT REGIME FOR SOUTH AFRICAN MEDICAL SCHEMES — PDF (745.8 KB)
Professionalism Symposium by M Lowther, P Doyle, P Lewis and AF Marais. Teaching Ethics to Actuaries by AF Marais. Chair: N van der Colff A learning career — PDF (1.0 MB) · Outcomes -based CPD — PDF (550.9 KB) · Teaching Ethics to Actuaries — PDF (519.1 KB) · Teaching Ethics to Actuaries (Paper) — PDF (92.8 KB)
Lecture: DEFINED-CONTRIBUTION RETIREMENT FUND INVESTMENT STRATEGIES: AN APPROPRIATE DEFAULT? (SM Levitan, RC Merton) ℗, Chair: Tommie Doubell (Retirement Matters; Investments; Life Assurance) Paper — PDF (523.4 KB) · Presentation — PDF (2.0 MB)
Lecture: MICROINSURANCE IN INDIA (M Ankolekar) Chair: David Kirk (Life Assurance; Short-term Insurance) Presentation — PDF (1.6 MB)
2 x TED-style talks: INTERNATIONAL BENCHMARKING OF HOSPITAL UTILISATION: HOW DOES THE SOUTH AFRICAN PRIVATE SECTOR COMPARE? (S Ranchod, B Childs, M Abraham, R Taylor) ℗, MANAGED CARE: THE ROLE OF ACTUARIES (CTM Murove, N Khumalo) ℗, Chair: Sarah Bennett (Healthcare) INTERNATIONAL BENCHMARKING OF HOSPITAL UTILISATION: HOW DOES THE SOUTH AFRICAN PRIVATE SECTOR COMPARE? (Paper) — PDF (1.5 MB) · INTERNATIONAL BENCHMARKING OF HOSPITAL UTILISATION: HOW DOES THE SOUTH AFRICAN PRIVATE SECTOR COMPARE? (Paper) — PDF (1.2 MB) · MANAGED CARE: THE ROLE OF ACTUARIES (Paper) — PDF (492.2 KB) · MANAGED CARE: THE ROLE OF ACTUARIES — PDF (1.4 MB)
Panel discussion - IFRS 4 PHASE II IN SOUTH AFRICA (H Muller, H van Wyk, M Fuchs, Q Greyling, R Bennett, J Menzies) Chair: Peter Tripe (Life Assurance)
2 x TED-style talks: BEHAVIOURAL ECONOMICS AND ITS INFLUENCE ON INSURANCE (P Temple), THE SOUTH AFRICAN REGULATORY CONDUCT LANDSCAPE: A GLIMPSE INTO OUR FUTURE (P Carswell), Chair: Trevor Pascoe (Life Assurance; Short-term Insurance; Retirement Matters; Wider Fields) BEHAVIOURAL ECONOMICS AND ITS INFLUENCE ON INSURANCE — PDF (4.2 MB) · THE SOUTH AFRICAN REGULATORY CONDUCT LANDSCAPE: A GLIMPSE INTO OUR FUTURE — PDF (1.4 MB)
Lecture: GETTING TO THE BOTTOM OF THE ECONOMIC BOTTOM LINE: EXPOSING THE QUANTIFICATION ISSUES, CURRENT ATTITUDES AND POTENTIAL GAINS TO USING THE ECONOMIC BOTTOM LINE (DJ Ginsberg, TL Reddy) ℗, Chair: Niel Fourie (Investments; Wider Fields) Paper — PDF (135.6 KB) · Presentation — PDF (691.8 KB)
Lecture: AN INVESTIGATION INTO LIFE ASSURANCE MARKETS IN AFRICA (KS Ngwenduna, MG Hayes, J Angove) ℗ Chair: Peter Withey (Life Assurance; Short-term Insurance; Retirement Matters) Paper — PDF (322.1 KB) · Presentation — PDF (763.3 KB)
--We apologise for the music playing in the first 11 minutes of the recording-- 3 x TED-style talks: DOING INSURANCE IN THE REST OF AFRICA: A BRIEF SNAPSHOT (P Tripe, N Kelly), INSURANCE IN AFRICA: THE GOOD, THE BAD, THE UGLY (A Reinke), INTRODUCTION TO THE PROPOSED NEW KENYAN MICROINSURANCE AND INDEX-BASED INSURANCE REGULATIONS (A Rowan), Chair: Nicky Patchett (Life Assurance; Short-term Insurance; Retirement Matters) DOING INSURANCE IN THE REST OF AFRICA: A BRIEF SNAPSHOT — PDF (718.1 KB) · INSURANCE IN AFRICA: THE GOOD, THE BAD, THE UGLY — PDF (1.2 MB) · INTRODUCTION TO THE PROPOSED NEW KENYAN MICROINSURANCE AND INDEX-BASED INSURANCE REGULATIONS — PDF (1.0 MB)
Chair: Guy Chennells Shawn Achor: The happy secret to better work · Dan Pink: The puzzle of motivation · Hans Rosling: The best stats you've ever seen
2 x TED-style talks: GETGUIDANCE.COM, - LESSONS FROM AN ONLINE START-UP (G Becker, O Becker), AUTOMATED NEXT BEST OFFER FOR BANKING, (S Laenen) Chair: David O’Brien (Investments; Life Assurance; Finance and Banking) TED Video: Daniel Goldstein: The battle between your present and future self · Automated Next Best Offer for Banking — PDF (1.0 MB)
3 x TED-style talks: THE SOURCES OF SOUTH AFRICAN EQUITY FUND PERFORMANCE (N Lester, D Corubolo) ℗, HOW A SINGLE-FACTOR CAPM WORKS IN A MULTICURRENCY WORLD: RESULTS FROM THE LATEST RESEARCH (RJ Thomson, Ş Şahin, TL Reddy) ℗, THE USE OF ARTIFICIAL INTELLIGENCE IN ARBITRAGE AND DIRECTIONAL TRADING (D Stone, M Potgieter, A Potgieter), Chair: Monica Matthews (Investments) THE SOURCES OF SOUTH AFRICAN EQUITY FUND PERFORMANCE (Paper) — PDF (3.9 MB) · THE SOURCES OF SOUTH AFRICAN EQUITY FUND PERFORMANCE — PDF (1.0 MB) · HOW A SINGLE-FACTOR CAPM WORKS IN A MULTI-CURRENCY WORLD: RESULTS FROM THE LATEST RESEARCH (Paper) — PDF (1.4 MB) · HOW A SINGLE-FACTOR CAPM WORKS IN A MULTI-CURRENCY WORLD: RESULTS FROM THE LATEST RESEARCH — PDF (1.5 MB) · THE USE OF COGNITIVE MAPPING IN USER-BASED-INSURANCE — PDF (2.5 MB)
Nick Buettner is the Community and Corporate Program Director at Blue Zones, LLC. He is responsible for leading the development and implementation of the Blue Zones Project in all of the Blue Zones Communities and corporate sites across the US. In the last 20 years, Nick has lead 17 expeditions over six continents around the world, three of which have been to the Blue Zones sites, places in the world where higher percentages of people enjoy remarkably long, full lives.
RESEARCH PRIZES AND GREEN EXHIBITOR AWARD: Peter Temple, PRESIDENT’S ADDRESS: Roseanne Murphy da Silva, Chair: Peter Temple