About True South Actuaries & Consultants

A boutique consultancy, using an intentionally crafted approach

OUR BOUTIQUE APPROACH

Non-negotiable client
centricity and a focus on long-term sustainability

Apart from the application of a strong, senior resource mix, we believe that our unmatched success in retaining clients also stems from our focus on longer-term sustainability and client centricity. For example, if an engagement starts exceeding a certain level on a regular basis, it may make sense for the client to in-source some of the work. Although pointing this out to a client (as we have done in the past) comes at the cost of consulting income, it reinforces our long-term service and integrity ethos.

OUR HISTORY

One of SA’s few 100%
black-owned actuarial
consultancies

True South was born at the start of 2001, with an initial focus on the local provision of services, on an outsourced basis, to companies based in the United Kingdom.

During 2002 we increased our South African involvement and subsequently re-branded as True South Actuaries and Consultants (Pty) Ltd in 2003 to reflect our commitment to the local industry.

2014 saw another key milestone on the company timeline, when the Tree of Life BEE Foundation Trust acquired a majority share in True South. In mid-2016, their shareholding increased to 100%, making us one of the very few 100% black-owned actuarial consultancies in South Africa.

Our Services

What We Can Do For Clients

Second largest provider of statutory actuarial services in South Africa

professional &
industry
involvement

Members of our team serve on a number of ASSA Committees, are involved on the FSB’s SAM structures (Governance, Pillar 2) and members of the Microinsurance Working Group of the International Actuarial Association.

Long- and short-term
insurance

Statutory appointments, SAM pillar I calculations and optimisation, SAM pillar II risk management and ORSA support, SAM peer reviews, product and valuation support to in-house actuarial teams, commissioned research and business plan support on new licence applications.

Warranty /
guarantee schemes

Appointed actuaries to four major German car brands operating in Southern Africa. Liability valuations, pricing, assessment of capital adequacy, IFRS 4 Phase 2 migration assessments.

Compensation
schemes

Valuation and pricing services required by statute to national schemes for workers’ compensation, road accident compensation and unemployment, strategic pricing and modelling support to Government.

Medical schemes /
administrators

Strategic support to principal officers, outcomes and performance measurement for both schemes and providers, provider price negotiations, HIV incidence estimation, medical scheme pricing and IBNR calculations.

Damages
calculations

Experienced in quantification of loss of income, loss of support, deceased estate and other third party compensation claims.