beBee background
Professionals
>
Ferndale
Hank Bothma

Hank Bothma

Actuarial Manager/Head: Non-Life & (Group) Life

Insurance

Ferndale, City of Johannesburg Metropolitan Municipality

Social


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.

Approximate rate: ZARR 2,000 per hour

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

  • FirstRand Johannesburg, Gauteng

    The Actuarial Specialist will play a pivotal role in the Life Insurance Pricing Team · Support the development and validation of actuarial pricing models · Conduct complex data preparation and analysis for pricing studies · ...

  • South African Reserve Bank Pretoria, Gauteng

    The main purpose of these two positions is to realise the responsibilities of the Prudential Authority (PA) in respect of the supervision and regulation of life and non-life actuarial risks in insurance entities. · ...

  • Actuary

    2 weeks ago

    Discovery Sandton

    Newly qualified actuary required for group actuarial team. Strong technical skills and experience in IFRS 17 work required. · ...