This year, we’re sharing our expertise in actuarial modernisation to help you:

• Streamline your processes with efficient, cutting-edge tools and technology.
• Leverage data-driven insights to transform your data and make informed decisions.
• Empower your team with the skills and knowledge they need to thrive in the evolving actuarial landscape.

Don’t Miss Our Fun New Game!

We’ve got an exciting game in store with a fantastic prize for our lucky winner. Stop by our stand to get involved.

Opportunity to Learn and Connect

The ASSA Convention is more than just a professional gathering; it’s a chance to network, learn and celebrate the future of actuarial excellence. We’re a proud sponsor and can’t wait to share insights and collaborate with you.

See you there!

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One of the trips’ highlights was a comprehensive training session PSAK 117 Post Launch: Successful Strategies for Insurers, co-facilitated by our host Pak Gde and Andries Beukes. The session brought together actuaries from numerous insurance companies, creating an environment rich in knowledge exchange and professional growth. It was great to be part of an engaged and enthusiastic event with everyone keen to enhance their knowledge and share their experiences and insights.

“The client-gathering event was exceptional. The session provided insightful sessions about PSAK 117 strategies tailored to our needs as actuaries. Learning alongside my peers from different insurance companies created a rich learning environment. The hosts’ hospitality and organisation were impeccable.” PSAK 117 Project Lead, Indonesian Life Insurance Company

It was a privilege to be part of an event that not only fostered learning but also strengthened the bonds within the actuarial community in Indonesia. The visit reaffirmed the importance of continuous professional development and the power of collaboration in driving the industry forward.

If you would like support with enriching and developing the skills of the actuaries and data scientists in your organisations our team of experts can help you.

The post Actuaries in Action: Highlights from PSAK 117 Client Event appeared first on MBE.

This year Shaun Lawton, Director of MBE South Africa will be taking to the stage on Day One with his presentation: Metamorphosis: Unleashing the Power of Actuarial Transformation. In the session, Shaun will delve into the core of successful actuarial financial transformation projects, sharing practical insights and actionable strategies to empower you to modernisation within your teams and organisation.

Drop by to say hello to the South Africa team – we’re on stand 26. Learn about our innovative actuarial solutions. Plus, don’t miss your chance to participate in our annual prize draw! We’ve got something great waiting for our lucky winner.

The Convention is not just a professional gathering; it’s a celebration, a learning opportunity, and a chance to network with the best minds in the industry. We’re proud sponsors, and we can’t wait to connect, share insights, and explore the future of actuarial excellence with you.

See you there!

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Are you ready to modernise your actuarial toolkit and supercharge your efficiency?

As an actuary, you are constantly developing intricate processes using Excel to perform specialist risk analysis and predictions.

Usually, these processes involve linking multiple Excel workbooks together and applying advanced formulas to process data, perform complex calculations and produce results. Excel links and formulas are further enhanced by adding VBA macros to help integrate and automate steps in the processes.

By applying Power Query you can drastically reduce the time it takes to develop these complex processes.

Join us for our upcoming webinar Unleashing Actuarial Performance: Reimagining Excel Processes with Power Query where we will unveil how Power Query can revolutionise your Excel-driven processes allowing you to focus on what really matters – the numbers themselves, without the hurdles.

Key takeaways

Revolutionising Data Workflows: Understand the ways Power Query can streamline data sourcing, cleansing, validation and transformation within Excel.

Integration and Adaptability: Learn how Power Query seamlessly marries your existing Excel processes, connecting with a multitude of data sources.

Automation Redefined: Discover the art of automating data steps without the intricacies of VBA macros.

Enhancing Data Reliability: Explore strategies for bolstering audit trails, control measures and data validation through Power Query.

Who should attend

Whether you’re an experienced actuary or on your path to full qualification, this webinar will offer a fresh perspective on refining processes, driving performance and setting the stage for future technological integration.

Ready to unlock Excel’s full potential using Power Query? Register here

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What difference has it made for the children of Mzinto Primary School – the first school you raised funding for? 

The impact is huge.

Mzinto Primary School is a rural school situated outside Mount Frere within the Umzimvubu Local Municipality of Eastern Cape Province, South Africa. The Wesolve4x team first visited the school on 5th August 2021 to introduce their extracurricular maths and grocery hamper campaign.

Tsietsi told us how their plan evolved, ”prior to my visit, I had read how a five-year-old pupil had fallen into a pit toilet at his school on 20 January 2014 and drowned, which was shocking but as so often happens seemed unreal. But unbelievably, whilst we were at the school I witnessed a grade R (4-6 years old) learner falling into a latrine pit with other pupils and teachers having to rescue the child. I was left traumatised by the experience knowing that the child could have died. The experience made me realise we needed to help.”

”We left Mzinto Primary School with a clear understanding of the fear the parents and teachers carried daily for these young learners.”

Tsietsi Ngobese, Wesolve4x

What began as an initiative to adopt the school as part of the Wesolve4x #BecomeAnActuary maths programme, quickly evolved to become a mission to raise funds to build safe toilets for the school. With it being during the Covid pandemic it was a tough year to raise funds, but by November 2022 we had reached our target and started building the new block.

For the first time in 115 years, learners can now go to the toilet without the constant fear of unsafe and unsanitary pit latrine toilets. Teachers no longer have to disrupt their lessons to accompany learners to ensure their safety. Together we have restored dignity to the teachers, learners and parents of the Mzinto Community.

Why has it become so important for you and Wesolve4x to replace the toilets at so many more schools?

So far we have visited 35 schools in Mount Frere all facing the same challenge as Mzinto Primary School. The focus for the Wesolve4x team is to teach maths to children in a safe environment and allow them to dream beyond their poverty, hunger and current realities.  

What is your end goal for this ‘Help Build Toilets Campaign’?

Our end goal is to stop all school toilets in South Africa from being death traps and to build safe toilets for all learners.

How can people help with this campaign?

Wesolve4x have set up a toilet paper production factory so that they can raise funds to build safe toilets for more schools. MBE Consulting is proud to support this campaign. If you would like to contribute you can buy Ntofo toilet paper within South Africa or you can donate on the Wesolve4x website. You can also help by providing your skills and/or technology to build safe toilets in water-stricken areas and collaborate with us to help build the toilets using the smartest methods.

The post How a campaign to improve maths skills in South Africa evolved to include safe sanitation. appeared first on MBE.

He will be highlighting what to focus on and how we are using our Actuarial Performance Management Framework to confront and bring change to the way the industry should be approaching areas such as data architecture, data lifecycle and data privacy.

I am looking forward to sharing our experience of data challenges within the insurance sector, how we are helping clients overcoming them and gaining new ideas and approaches to data strategy.

Kyaw Soe Thein, Senior Actuarial Manager

If you would like to know more about our actuarial data management solutions contact us.

The post MBE Consulting presents at Astus Tech Talk: Data Orchestration & Integration appeared first on MBE.

And even better we will be able to meet in person with South Africa’s actuarial community.The quality of the seminars and presentations that will be available to delegates remains as high as ever.

The whole team is looking forward to once again being able meet with people from across the actuarial community at this highly regarded industry event and being a sponsor is extra special for us. With a jam packed programme of learning and activities in a great venue, I for one can’t wait.

Shaun Lawton, Director, South Africa

Drop by our stand opposite the plenary hall to find out about how we are changing the way actuarial teams think and operate with our strategic Actuarial Performance Management (APM) Framework helping them realise their strategic objectives.

Talk to us about your challenges and ambitions and learn how participating in our complimentary APM Assessment will provide you with actionable insights on how to improve your operational performance to achieve actuarial excellence.

We will also be there to provide you with advice and solutions for all of your actuarial projects including any IFRS 17 issues that you are still grappling with.

And for a bit of fun you can enter our free prize draw to win a great prize.

Join us at the ASSA 2022 Convention for four days of learning, solutions, and ideas. And of course, for that all-important opportunity to catch up with colleagues and friends.

The post MBE proud to sponsor ASSA 2022 Convention appeared first on MBE.

The school serves 1000+ local students, many of whom come from disadvantaged backgrounds. The dedicated teaching staff are passionate about providing an exceptional education for students, some of whom may not otherwise have the opportunity to attend high school.

The school offers a wide-ranging curriculum that includes vocational subjects such as carpentry, hairdressing, and mechanics alongside many academic subjects.

In addition to the fantastic teaching, classrooms and workshops, Shaun and Kyaw were stunned by the extracurricular facilities that give the children the opportunity to explore and develop their skills in areas such as sport, music, art and horticulture.

“What makes JGT school remarkable is that the quality of teaching, facilities and culture match any fee-paying school in South Africa and yet it is free to attend.” Shaun Lawson, Managing Director South Africa

Shaun Lawson, Director

Shaun and Kyaw met with the students who were not only enthusiastic about their studies they took real pride in their school.

‘’I was blown away by the quality of teaching and facilities, but what topped that was to see the dedication, pride and joy the children get from learning and being part of the school.’’

Kyaw Soe Thein, Senior Actuarial Manager

We are so impressed by the commitment of the JGT team to provide a world-class education for their students and we are proud to be associated with such an outstanding school. The school has built a culture and curriculum of vocational and academic courses, providing a complete education programme that offers a springboard into adulthood and the workforce for every child.

Learn more about JGT school here

The post How a school in Bonnievale, South Africa is transforming lives appeared first on MBE.

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Enablers of Excellence: An Actuarial Performance Management (APM) Benchmark Report

In late 2021/early 2022 MBE assessed the performance of insurers in the UK, Europe and South Africa to create an objective benchmark of actuarial excellence that enables insurers to measure their effectiveness against their peers and identify areas for improvement.

This benchmarking exercise used MBE’s Actuarial Performance Management (APM) Assessment, a comprehensive survey that was developed specifically for the actuarial function of insurers. The assessment measures performance based on the six key enablers of our APM Framework:

• People, Roles and Responsibilities
• Processes and Methods
• Performance Management
• Data Architecture
• Data Lifecycle
• Actuarial Applications

The assessment responses provided by actuarial team members and in-depth interviews with senior representatives from the participating companies enabled us to identify key themes and trends which we believe are representative of the life insurance industry as a whole. 

Read our Enablers of Excellence: An Actuarial Performance Management Benchmark Report to learn more about our research and findings and get strategic recommendations focused on achieving actuarial excellence.

MBE Consulting helps insurers to accelerate their actuarial performance by delivering innovative, measurable, and sustainable efficiencies. As a trusted partner to insurers across the industry, we have a unique insight into the effectiveness of different teams across a range of insurers, and the factors which contribute to their success.

To discover how we can help you transform actuarial performance within your organisation contact our team.

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