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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

Meeting between Prof. Jansen and Mr Julius Malema conducted in a positive spirit
2009-10-31

This morning, Thursday, 29 October 2009, the senior leadership of the University of the Free State (UFS) hosted a meeting with the ANC Youth League (ANCYL) as well as SASCO leadership. The delegation was led by Mr Julius Malema, President of the ANCYL.

In a spirit of mutual respect, the two parties outlined their positions on the Reitz matter and the decision of the university management to invite the students back for purposes of learning. President Malema supported the principle of opening the doors of learning but made concrete and useful proposals on how this could be done and, especially, the importance of corrective measures that ensured full integration of the students into the university.

President Malema encouraged the management’s decision to meet with the five workers to hear their representations on a way forward for the university and to address the working conditions of the members of staff.

Both parties agreed that the independent processes led by the Human Rights Commission were critical in building a sense of conciliation and integration for both the workers and the students, and that the university was and should remain a stakeholder in this process.

The delegation also recognised that the university would be continuing its own processes of further consultations, and recommended that the process be opened up to enable all constituencies to bring their own concerns about racial difficulties to an open and safe forum.

“I very much appreciate the positive spirit in which the meeting was conducted, and the clear leadership and constructive proposals offered by President Malema,” said Prof. Jonathan Jansen, Rector and Vice-Chancellor of the UFS.

“It is open and frank discussions like these that will take both the campus and the country forward in addressing the twin imperatives of racial reconciliation and social justice in South Africa,” said Prof. Jansen.

Media release
Issued by: Lacea Loader
Deputy Director: Media Liaison
Tel: 051 401 2584
Cell: 083 645 2454
E-mail: loaderl.stg@ufs.ac.za  
29 October 2009

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