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IconASSOCIATIONS & INSTITUTES

Actuarial Society of South Africa

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Tel: +27 (0) 21 509 5242
Fax: +27 (0) 21 509 0160
Postbox:
P.O. Box 4464
Cape Town
8000
South Africa
Scope:
Eastern Cape, Free State, Gauteng, KwaZulu-Natal, Mpumalanga, North-West, Northern Cape, Northern Province, Western Cape.

Vision:

The actuarial profession in South Africa is widely recognised as the profession that enhances the long term financial security of individuals and institutions.

Stakeholders and interested parties include business, labour, government, regulatory authorities, other professions, members of retirement funds and medical schemes and policyholders, current and prospective members of ASSA, the media and the international actuarial community.

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From The Glossary »

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Retained Reserves:

The amount of ceded premiums withheld from the reinsurer by the ceding company in order to provide collateral security for the performance of the reinsurer’s obligations under the treaty. Also known as deposits withheld.
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