
Hank Bothma
Insurance
Services offered
I am an experienced actuarial head having lead pricing and corporate actuarial departments across two prominent insurers in the South African short term insurance industry. I helped my employers turn around teams in backlog, establish new teams and functions, as well as remediate unprofitable business units. My core background is in underwriting and pricing across the group life and non-life industries, but I also have gained experience in product development, reinsurance (treaty and fac) as well as SAM (capital management and optimization) and reserving. I am experienced in setting underwriting plans (budget) to fund targeted ROE (split between underwriting and investment functions) and then following through to set underwriting and investment KPI and going further to establish the monitoring and governance processes to implement and track delivery.
Experience
Roles & Industry Summary:
Head: Corporate Actuarial (Reserving and Capital) 2024
Bryte Insurance Company
Reporting line: Chief Financial Officer
Discipline: Reserving and Solvency Management
(Group and all entities, Non-Life and Life licenses)
Head: Pricing (General Insurance, all lines, commercial focus) 2016 - 2023
Bryte Insurance Company (ex-Zurich)
Reporting line: Chief Underwriting Officer
Discipline: GI Pricing & Portfolio Analytics – Commercial, Personal, Specialist
(Broker, agent and administrator distribution channels)
Recognition: Excellence Awards Finalist: Leadership 2023
Head of Pricing (General Insurance, personal lines focus) 2013-2016
Absa Short Term Insurance
Reporting Line: Head of Actuarial Function
Discipline: GI Pricing – Personal
(Bancassurance, Direct & Broker-Agent distribution channels)
Pricing Manager (Group Life, large accounts & umbrellas) 2008-2013
Liberty Corporate Benefits & Capital Alliance Subsidiary
Reporting line: Head of Risk Management
Discipline: Life Assurance: Corporate Benefits Pricing
(Broker and Administrator distribution channels)
Recognition: Passion for Excellence Finalist: People Growth 2013
Actuarial Assistant (Employee Benefits & Group Life) 2004-2008
Hollard Insurance
Discipline: Life Assurance: Corporate Benefits Pricing
Junior Actuarial Student (Employee Benefits) 1999
Absa Actuaries & Consultants
Discipline: Pension Funds
Education
BSc Actuarial Science 1996 (University of Johannesburg)
BSc Mathematical Statistics Honors 1998 (University of Johannesburg)
CT Series (A101 – A401) through Faculty and Institute of Actuaries 2002
A302 (CA3) Communications through ASSA 2010
A402 (CA2) Model Documentation, Analysis and Reporting 2011
F103 General Insurance Principles 2013
Professionals in the same Insurance sector as Hank Bothma
Professionals from different sectors near Ferndale, City of Johannesburg Metropolitan Municipality
Jobs near Ferndale, City of Johannesburg Metropolitan Municipality
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To provide appropriate governance over the risk management system and system of internal controls, an insurer must establish and adequately resource the control functions as set out in regulations and actuarial guidance. · ...
Johannesburg1 month ago
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To provide independent review and validation of actuarial assumptions, · Ifrs 17 and SAM basis setting prophet model development for both ifrs 17 · and SAM ad hoc activities across first line balance sheet management functions. · ...
Sandton1 month ago
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The ST Head of Actuarial Function is responsible for expressing an opinion to the Board on specified short-term actuarial matters within Hollard, · as well as providing advice to the Board on actuarial issues. · The role will cover The Hollard Insurance Company (THIC) and Hollard ...
Johannesburg, Gauteng1 month ago