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23 September 2021 | Story Leonie Bolleurs | Photo Supplied
Frans Koning recently obtained a CERA accredited enterprise risk management (ERM) qualification from the Actuarial Society of South Africa.

“If you fail to plan, then you plan to fail.”

“During and after planning, ensure that you identify all risks, since it would be the risks that you did not identify that might sink you.” 

These are two of the beliefs of Frans Koning, Senior Lecturer and Head of the Department of Mathematical Statistics and Actuarial Science at the University of the Free State (UFS), whose outputs in life – whether as lecturer or risk manager – are about planning. 

Koning, a qualified actuary with an interest in corporate governance, has been investing in his growth and development for the past three years by enrolling and obtaining an enterprise risk management (ERM) qualification from the Actuarial Society of South Africa, which is a member of the CERA Global Association (CGA). Having a Chartered Enterprise Risk Actuary (CERA) credential means that he worked through a world-class curriculum that is recognised globally and transferable internationally. This qualification gives professionals greater exposure to the C-suite and leadership, while empowering them to become a more highly valued resource for a company. 

Pulling out all the stops

CGA describes itself as a body that provides accredited risk professionals with strong ERM knowledge to drive better business decisions in finance and insurance. It associates characteristics such as professionalism, ethics and trust, impeccable standards and integrity with students who have obtained the CERA credential. “These professionals can communicate ideas effectively with leadership and is qualified to play varying roles within an organisation, from risk manager to chief risk officer and more,” it states. 

He had to pull out all the stops to obtain this qualification. “This was about 400 hours of study; and absolutely worth it. Since it was very interesting, I did not consider it hard work,” says Koning, who believes in a positive outlook on life. “I have never seen a successful pessimist,” he says. 

This qualification enables him to add extra value in the classroom, teaching Risk Management. Discussing hard questions in class, linking it to practice, i.e., modelling COVID-19 and discussing its effect on life insurance, is what he loves about this profession. He misses student interaction in the classroom, saying that interaction and discussions are not the same with a Blackboard/Teams/Zoom meeting.

A multitude of opportunities 

Koning, who has been with the university since 2003, believes his motivation of students makes a difference in their lives. “Teaching students and seeing them grow into actuaries and chief executive officers of companies gives me great satisfaction,” he states.

He lectures Life Contingencies, which is about calculating life insurance premiums and reserves, as well as Asset and Liability Management, which teaches students about managing the liabilities arising from selling insurance and managing the assets backing these. 

Teaching students and seeing them grow into actuaries and chief executive officers of companies gives me great satisfaction. – Frans Koning

 

As an independent non-executive director (NED) at African Unity Life (Ltd), he also chairs the risk committee and serves as a member of the audit committee. Koning is of the opinion that this qualification will be useful in more board positions than NED. This is but one of his options. According to him, there are a multitude of opportunities in the private sector, as all entities manage risk.

“I also intend to do some research in the space of enterprise risk management, something which I enjoy,” he adds. 

News Archive

Wayde claims gold and silver at IAAF World Championships in London
2017-08-11

 Description: Getty Wayde Tags: Wayde van Niekerk, IAAF World Championships, Michael Johnson, Prof Francis Petersen, 200 m/400 m double 

The Olympic champion, Wayde van Niekerk, continued
his superb form over the past few months when he
won a gold medal in the 400 m and a silver in the 200 m
at the IAAF World Championships in London.
Photo: Getty Images



This is just the beginning. These were the words of an emotional Wayde van Niekerk after he completed one of the best weeks in his young career at the IAAF World Championships.

The 25-year-old Kovsie star claimed a gold medal in the 400 m in London, England, on 8 August 2017, and added a silver in the 200 m on 10 August 2017.
 
Furthermore, he was only 0.02 seconds away (in the 200 m) from achieving a 200 m/400 m double – something which was last done in 1995 at a World Championship by Michael Johnson. Van Niekerk won the 400 m in London in 43.98 s, and two days later his 20.106 s was enough for a silver in the 200 m. Ramil Guliyev from Turkey was first in 20.09 s.

Role model for Kovsie community
Once again Van Niekerk’s achievements warmed the hearts back home at the University of the Free State (UFS). “This is an extremely proud moment not only for the country, but in particular for the University of the Free State. Wayde is a role model for the entire Kovsie community, and we have been following his achievements in the international arena with great excitement. We are elated by his performances. Congratulations also to Tannie Ans and his management team,” Prof Francis Petersen, Rector and Vice-Chancellor of the UFS, said. 

So much more ahead, says star
“I really feel I worked hard for tonight and I gave it my all. And I think I have proven over and over again I deserve what I have achieved. It was a tough week for me,” Van Niekerk said in an interview with the BBC. “I am glad that I could come out again today and put on a good fight. I really believe this is just the beginning of so much more I can achieve.”

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