Latest News Archive

Please select Category, Year, and then Month to display items
Previous Archive
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

Verklaring - Afsterwe van student
2005-03-07

Afsterwe van eerstejaarstudent - Verklaring deur Die Rektor en Visekanselier van die UV, Prof Frederick Fourie

Die bestuur van die UV is diep ontsteld oor die tragiese dood van een van ons studente, Hannes van Rensburg, die afgelope naweek. Ons het reeds met die ouers geskakel en ons innige simpatie aan hulle oorgedra.

“Ek is ook erg bekommerd oor die aard van die bewerings oor drankgebruik en -misbruik, en neem elkeen van die bewerings ernstig op.” Die UV-bestuur is, net soos besture by ander universiteite, uiters bekommerd oor die drinkkultuur onder studente, veral ook die element daarvan wat met gewaande manlikheid te doen het. Ook ander elemente van koshuiskultuur en –gesagsverhoudinge hou dalk hiermee verband.

“Ek is ook ten sterkste gekant teen praktyke wat studente dwing tot sekere gedrag soos byvoorbeeld gedwonge drankgebruik”.

Iets soos ‘n “pa-seun” aand is ‘n verskynsel wat by verskeie universiteite voorkom. By die UV is dit geensins deel van die oriënteringsfase van eerstejaars nie. Dit vind juis etlike weke na die ontheffing van die eerstejaars plaas. Dit is ‘n normale funksie waarin seniors en eerstejaars saam sosiaal verkeer in die seniorbonde van koshuise.

Die UV-bestuur het streng beheermaatreëls in plek om drankgebruik te reguleer en dit binne perke te hou. Baie word gedoen om die verantwoordelike gebruik van alkohol aan te moedig. Dit is egter nie altyd moontlik om die individuele gedrag van studente te reguleer nie.

Ek kondig dus die volgende stappe aan, wat onmiddellik van krag is:

  • Die reg van alle seniorbonde op die UV kampus om alkoholiese drank te bedien word onmiddellik teruggetrek, tot verdere kennisgewing.
  • ‘n Indringende ondersoek onder leiding van dr Ezekiel Moraka, Viserektor: Studentesake, na die omstandighede rondom hierdie tragiese gebeurtenis is reeds geloods.
  • ‘n Breër ondersoek na die drinkkultuur en verwante elemente van koshuistradisies sal deel van hierdie ondersoek wees.

Dissiplinêre stappe sal geneem word teen persone wat skuldig bevind word aan wangedrag met betrekking tot hierdie tragiese voorval.


Uitgereik deur: Lacea Loader
Mediaverteenwoordiger
Tel: (051) 401-2584
Sel: 083 645 2454
E-pos: loaderl.stg@mail.uovs.ac.za
7 Maart 2005

We use cookies to make interactions with our websites and services easy and meaningful. To better understand how they are used, read more about the UFS cookie policy. By continuing to use this site you are giving us your consent to do this.

Accept