The Actuarial Society of Kenya (TASK) organised its 6th Annual Actuarial Convention in Nairobi on October 17-18, 2019. The Summit gathered 600 delegates from Africa and beyond around the theme “Actuaries Beyond Financial Services”.

Moses Mutuli, the TASK’s President, opened the Convention by inviting actuaries to step out of their comfort zone: “Where once actuaries were employed primarily by insurance firms, it is increasingly common to see actuaries working for a wide range of non-traditional companies. Actuaries’ key skillsets are in hot demand across a number of industries – especially technology.”

Although traditional actuarial competence is essential, to remain a relevant partner, actuaries must extend their reach to new areas outside their comfort zone, especially in the insurance sector. These include sustainable finance, consumer protection, big data and modern data science and macro prudential issues.

The programme included plenary sessions with:

  • Prof Bitange Ndemo (Professor of Entrepreneurship at the University of Nairobi’s Business School), 
  • Mukami Njeru (Swiss Re East Africa’s Senior Actuary Life and Health)
  • Sundeep Raichura (Group CEO, Zamara),
  • Thomas Njeru (CEO, PULA)
  • Marjorie Ngwenya (Immediate Past President of the UK-based Institute and Faculties of Actuaries)
  • Dr Wilson Songa, Senior Advisor, Syngenta Foundation
  • Ambrose Dabani (CEO, Britam Life), and 
  • Ken Njoroge (CEO, Cellulant).

In addition to the plenary sessions, the Congress submitted 20 presentations selected from more than 50 submissions through the Call for Papers. 

The event was hosted at Villa Rosa Kempinski, Nairobi. Although the participants were crucial to the success of this Convention, our sponsors were also essential to make the event possible. 

Rebecca Kariru-Muriuki, the chairperson of TASK Convention organising committee, said: “We have learnt that even in insurance, the actuary’s traditional home, it is becoming more common for actuaries to work in non-traditional roles and contribute to other areas of the business. We thank everyone that dedicated themselves to ensure the success of this event.”

More on the Convention>>>

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