Membership

At present SAN’s potential membership totals 40 and includes both resident and foreign actuaries and actuarial students.  30 of these are Fellow members while 6 of them are resident in Namibia.

All of our Fellow, Associate and Student members are also members of other professional actuarial bodies, namely the Actuarial Society of South Africa and the Institute and Faculty of Actuaries in the United Kingdom.

Executive Committee

Our Executive Committee (“EXCO”) members are:

Carmen Forster (President)

 

 

Edwin Majange (Treasurer)

 

Stephan Erwee (Secretary)

 

Gert Grobler (NAMFISA Liaison)

 

Thomas Műhr (ASSA Liaison)

With the exception of Thomas, all of our EXCO members are resident in Namibia.

Membership of the International Actuarial Association (the “IAA”)

We were admitted as an Associate Member of the International Actuarial Association (the “IAA”) as of the 26th of May 2012.

Objectives

SAN was established with the following objectives in mind:

-to raise awareness of, encourage and support the growth of the actuarial profession in Namibia;

-to protect public interest by promoting and upholding the highest standards of professional conduct and integrity of actuaries providing actuarial services in Namibia; and

-to provide a platform through which the interests of the local actuarial profession can be represented locally and more actively foster relations with other actuarial organizations.

Benefits

Benefits of supporting and engaging with SAN

Although we believe that SAN can make a significant contribution towards the Namibian financial industry we do realize that none of our goals will be achieved without the support of key stakeholders in the financial industry.  We have a number of initiatives planned aimed at achieving SAN’S objectives and ask that you would give us your support in our endeavours to implement the following:

-encourage all actuarial professionals engaged in the provision of actuarial services to Namibian institutions to become members of SAN;

-establish a framework for managing the relationship between SAN and the employers of actuaries and actuarial students, culminating in the registration of these employers as an “Actuarial Training Office” and/or a “Registered Services Provider”;

-issue practice certificates to Fellow members who are performing statutory duties for Namibian long- and short-term insurers, retirement funds, friendly societies and medical aid schemes;

-host educational events that will assist resident Fellow members in meeting their Continuing Professional Development (“CPD”) requirements and will also afford other resident SAN members the opportunity to learn a little more about matters pertinent to the profession.  The first CPD session was held on 11 April 2013 focusing on Enterprise Risk Management and was sponsored by Old Mutual; and

-facilitate disciplinary conduct investigations of our members.

 

Funding

SAN relies on funding in the form of annual subscriptions from its members in order to meet its basic overheads.  When events are planned, SAN will rely on sponsorship and, where appropriate, fees charged for attendance of the event.  We have employed the services of Stier Vente as our auditors.

More on SAN’s objectives

To raise awareness of, encourage and support the growth of the actuarial profession in Namibia;

The intention of SAN is to provide members with a platform on which to engage with fellow actuaries, to grow in their professional capabilities and to nurture other Namibians who have an interest in pursuing this profession.

To protect the public interest by promoting and upholding the highest standards of the professional conduct and integrity of actuaries providing actuarial services in Namibia; 

The goal of SAN is for all resident actuaries as well as non-resident actuaries who perform statutory functions for Namibian financial institutions to be members of SAN.  This will ensure the quality of actuarial advice that is provided to these institutions will be of a standard that is comparable with that which is expected in other countries where the actuarial profession has developed an impeccable reputation.

 To provide a platform through which the interest of the actuarial profession can be represented locally and more actively foster relations with other actuarial organisations.

Most of the actuaries operating in Namibia are members of the British or the South African actuarial associations.  In Britain, and more recently in South Africa, actuaries have been playing a key role in consulting with government agencies on a broad range of financial matters.  SAN aims to emulate this by developing a good relationship with the Namibian government, the Regulator, other Namibian professional associations and industry bodies and key institutions and service providers operating in the financial industry.