Mr C Erasmus (Chairman)
Mr N G Payne
Prof H E Wainer
The AC is chaired by an independent non-executive director and is comprised solely of independent non-executive directors of PPS Insurance.
The AC has an important role in ensuring the integrity of actuarial processes and the proper assessment of PPS Insurance Group Companies’ risk philosophy from an actuarial perspective, strategy, policies, financial and operational processes and controls, as well as assessments of major risks from an actuarial perspective. The AC’s activities are focused on considering actuarial assumptions and experience, product pricing and design, valuation results and risk metrics and reporting guidelines and practices adopted by the Heads of Actuarial Control and the Company Actuaries as well as other actuarial matters as applicable to PPS Insurance and any of its subsidiaries operating a life or short-term insurance licence.
The AC acts as an independent adviser to the PPS Insurance, PPS Namibia and PPS Short-Term Insurance Boards and has the following primary responsibilities:
The AC meetings held during the year and attendance thereat were as follows:
|Group Actuarial Committee||22 Feb 2016||6 Jun 2016||8 Sep 2016||1 Dec 2016|
|Mr C Erasmus (Chairman)||X||X||X||X|
|Mr N G Payne||X||X||X||X|
|Prof H E Wainer||X||X||X||X|