Full list of Actuaries in South Africa including their contact details for 2022

The number of actuaries in South Africa is growing, given a statistical analysis published by one of the leading societies in the profession. However, the apparent growth is laboriously slow compared to other professions. This is despite economic forecasts that the demand for actuaries in the country will increase significantly in the coming years.

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Actuaries play a central role in a country’s financial sector. Photo: unsplash.com, @huntersrace
Source: UGC

How many actuaries are there in South Africa? According to available data, the number of practicing actuaries is 1,754 in the first quarter of 2022. Although this is an increase from 1,586 in 2021, it still shows a considerable gap between demand and the supply of professionals in this practice.

List of actuaries in South Africa and their contact details

Several companies across South Africa are in the active practice of actuarial science. These organizations and others ensure that more than 1,700 actuaries are gainfully employed. Here are some of them and their contact details:

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Jacobson Actuaries

  • Physical address: 26 Baker Street, Rosebank, Johannesburg, 2196, South Africa
  • Phone number: +27 11 442 0065

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Silver Actuarial Solutions

  • Physical address: Building B, Westend office park, 250 Hall Street, Centurion, 0157, South Africa
  • Phone number: +27 12 643 0222

QED Actuaries and Consultants

  • Physical address: The Bridle, Hunts End Office Park, 38 Wierda Road W, Wierda Valley, Sandton, 2196
  • Phone number: +27 11 038 3700

Deloitte

  • Physical address: Cape Town District, Lifestyle Village, Cape Town
  • Phone number: +27 21 427 5300

Algorithm Consultants & CC Actuaries

  • Physical address: Unit 5, Block E, Morningside Close office park, 222, Rivonia Road, Morningside, Sandton, 2057, South Africa
  • Phone number: +27 11 802 0263

NMG

  • Physical address: NMG House, 411 Main Avenue, Ferndale, Randburg, 2160, South Africa
  • Phone number: +27 11 509 3000

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Munro Forensic Actuaries

  • Physical address: Office 4 Office on the Beach, 3 Lagoon Beach Drive, Milnerton, Cape Town, 7441, South Africa
  • Phone number: +27 21 551 4609
  • Website: munrofa.com
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Actuaries assess and manage the risks of financial investments, insurance policies, and other potentially risky businesses. Photo: unsplash.com, @glenncarstenspeters
Source: UGC

SRL Fund Solutions & Services (PTY) Ltd

  • Physical address: 2 Metropolitan Life Building, 106 Fox St, Marshalls Town, Johannesburg, South Africa
  • Phone number: +27 11 492 0227

Dr. J. Koch Robert

  • Physical address: 1 Chelsea avenue, Vredehoek, Western Cape, 8001, Cape Town
  • Phone number: + 27 21 462 4160
  • E-mail address: [email protected]
  • Website: robertjkoch.com

DC Actuator Technical Services

  • Physical address: 4 Patrick Road, Jet Park, Gauteng, 1459, South Africa, Boksburg
  • Phone number: +27 11-397-4756
  • Website. actuator.co.za

watercraft

  • Physical address: Waterfall City, 4 Lisbon Lane, Jukskei View, Midrand, 2090
  • Phone number: +27 11 797 4000

KPMG

  • Physical address: 85 Empire Road, Parktown, Johannesburg, 2193
  • Phone number: +27 11 647 7111

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Independent Actuaries and Consultants, IAC

  • Physical address: Floor 6 Wale Street Chambers, 38 Wale Street, Central Cape Town, 8001, South Africa
  • Phone number: +27 21 422 4373

Simeka Consultants & Actuaries (PTY) Ltd

  • Physical address: Corner Douglas Saunders Avenue & Cranbrook Crescent, La Lucia Ridge, Umhlanga, 4051, South Africa
  • Phone number: +27 31 566 2302

Insight Actuaries and consultants

  • Physical address: Ground Floor Block J, 400 16th Road, Central Midrand, 1685, South Africa
  • Phone number: +27 11 542 0900
  • E-mail address: [email protected]
  • Website: insight.co.za

Sigma Synergy

  • Physical address: 10 Cotillion Place, 22 Street, Techno, Techno Park, Stellenbosch, 7600, South Africa
  • Phone number: +27 21 880 0585

True South Actuaries and Consultants

  • Physical address: Carl Cronje Drive, Oakdale, Western Cape, 7530, South Africa, Bellville
how many actuaries are there in south africa in 2022
Working with actuaries can help manage financial losses and make better decisions. Photo: unsplash.com, @homajob
Source: UGC

What do actuaries do in South Africa?

Actuaries are essential in the proper functioning of the financial industry, particularly in the insurance sector. Their work is mainly around the analysis of uncertainties and risks related to financial costs.

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The average actuary uses statistics, financial theory, and mathematics to assess the risk of future events while helping clients and businesses invent guidelines to mitigate the cost of risk.

Is there a demand for actuaries in South Africa?

There is no doubt about the shortage of actuaries to the real demand that the industry needs. About 2.1 million people officially work in the South African financial sector in the third quarter of 2021, but actuaries make up less than 0.1% of these statistics.

How long does it take to become an actuary in South Africa?

According to a publication by the Actuarial Society of South Africa, it takes between eight years and a decade for an actuary to be trained. In fact, in addition to the five years that students must pass to obtain a bachelor’s degree in actuarial sciences, they must complete at least three additional years of professional studies.

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During this period, they must pass more than a dozen technical skills exams before becoming a Fellow of the Actuarial Society of South Africa.

Statistics from actuaries in South Africa in 2022 show that around 75% of practitioners are white while other races including blacks, Indians and Asians make up the remaining 25%. However, Mike McDougall, the CEO of the Actuarial Society of South Africa (ASSA), believes that this dynamic is about to change.

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