The Namibia Economist

Society of Actuaries launched

To announce its formation and to garner support from key stakeholders in the financial industry, the Society of Actuaries of Namibia (SAN) held a launch event on Wednesday in the capital.
President of SAN, Carmen Forster said: “With our creation we can finally provide a platform through which the interests of the local actuarial profession can be represented more actively locally, and help to foster relations with other actuarial organisations.”
The society says it aims to protect public interest by promoting and upholding the highest standards of professional conduct and integrity of actuarial services in the country.
The society will establish a framework for managing the relationship between itself and the employers of actuaries and actuarial students. This will culminate in the registration of these employers as Actuarial Training Offices and/or Registered Services Providers.
SAN encourages all professionals engaged in the provision of actuarial services to local institutions to become members of the society.
The association will issue practice certificates to fellow members who are performing statutory duties for long and short-term insurers, retirement funds, friendly societies and medical aid schemes.
The society currently has a potential membership of 34 individuals that includes resident and foreign actuaries and actuarial students. Of these, 19 are fellow members and 12 are resident in the country.
The society  was established to raise awareness and to encourage and support the growth of the actuarial profession in Namibia. It provides a platform for  representing the interests of these financial professionals, fostering relations with other actuarial organisations and protecting the public’s interest by promoting and upholding the highest standards of professional conduct and integrity.

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