Actuarial Specialist â Microinsurance (Life & NonâLife)

Recruiter:

Communicate Recruitment

Job Ref:

CFA021127/BL

Date posted:

Thursday, March 19, 2026

Location:

Johannesburg, South Africa

SUMMARY:
Ready to accelerate your actuarial career in a dynamic microinsurance environment?
Join a highly skilled team working on innovative structuring, pricing, and product development across both life and nonâlife portfolios.

POSITION INFO:

Data Analysis & Reporting:
Collect, analyse, and interpret data for actuarial functions
Prepare reports and presentations for internal and external audiences
Analyse mortality, morbidity, and lapse rates (life)
Analyse key metrics for nonâlife products such as loss ratios, claim frequencies, and severities

Pricing & Product Development:
Support development and pricing of life and nonâlife products
Build pricing models and conduct profitability analyses
Assist with structuring new deals and improving product structuring

Risk Management:
Identify, assess, and manage risks across portfolios
Conduct stress testing and scenario analysis (life)
Evaluate underwriting risks for nonâlife products

Regulatory Compliance:
Ensure adherence to actuarial standards and regulatory requirements
Prepare statutory reports (life) and ensure nonâlife product compliance

Experience Studies & Assumption Setting:
Conduct experience studies for pricing, reserving, and risk
Review historical data to update assumptions for life and nonâlife products

Collaboration & Communication:
Work with underwriting, finance, and product teams
Present risk assessments to senior management
Support development of underwriting guidelines

Professional Development:
Stay up to date with industry and regulatory changes
Attend relevant training, conferences, and actuarial exams

Skills & Experience:
Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or similar
Good progress toward Actuarial qualification
Minimum 3–5 years’ actuarial experience
Experience in life & nonâlife insurance (advantageous)
Experience in pricing and product development (advantageous)

Why you’ll love this role:
Exposure to both life and nonâlife actuarial work
A role combining technical modelling with product innovation
Engagement with senior stakeholders and cell captive clients
A platform to grow technical depth and industry influence

Apply now!

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For more information, contact:
Bianca Langenhoven
Recruitment Consultant

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