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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

Agricultural students win rugby league
2008-09-26

 
With the inter-hostel rugby league something of the past, the Faculty of Natural and Agricultural Science at the University of the Free State (UFS) can boast with yet another achievement. Not only is it the only faculty with a rugby team competing in the league, but to crown it all the Agriculture team walked away as the winners of the third league.

The final was played on Friday, 12 September. Agriculture beat House Armentum’s third team with 18-14. In the semi finals of the previous week, Agriculture beat the third team of Reitz with 14-13. Starting next year, the Agriculture team will compete in the second league.
Prof. Herman van Schalkwyk, Dean of the Faculty of Natural and Agricultural Sciences, is of the opinion that this is a good development that will open the doors for faculty houses which will bring about bigger student involvement on all levels.

Back, from the left are: Flippie Cloete, Koti du Plooy, Hugo van Wyk, Gert Lampbrecht, Tjaart van Tonder (captain), Werner Blom, Jean van Deventer, Ernst Bezuidenhoudt (vice-captain), Hendrik Heyns, Dirkie Strydom, Tommie Scholtz and Wollie Wolhuter. Front, from the left are: Theuns Theunissen, Johan Meyer, Hermie Louw, AA Swanepoel, Neels Wilken, Basie Heckroodt, Pieter Craig, Nelius Burger, Louis van Deventer, Hendrik Fourie and Graham O’Helly.

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