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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

Blood. Sweat. Tears. And six Kovsie artists at the cutting edge.
2014-04-02


Artwork: Hinder, Photograph by Chantal de Jager



Artwork: Immolations for our Carrion King by Antoinette Pretorius
Blood, sweat and tears – the theme of this year’s Absa L’Atelier Art Competition. Boldly taking up the challenge, six Kovsie artists gritted their way to a place in the national round.

Eight finalists were recently announced at the regional exhibition hosted by the Johannes Stegmann Art Gallery on the Bloemfontein Campus. These artists will now proceed to exhibit their cutting-edge work at the Absa Gallery in Johannesburg in July. There they will compete nationally for the most prestigious art award in South Africa.


Winners


The names of our Kovsie regional winners are: 
  • Monet Bosma, fourth-year Fine Arts student;
  • Chantal de Jager, Kovsie alumnus, master’s degree in Architecture;
  • Johandi du Plessis, fourth-year Fine Arts student;
  • Louis Kruger, Kovsie alumnus, master’s degree in Fine Arts;
  • Adelheid von Maltitz, junior lecturer at UFS Department of Fine Arts and
  • Antoinette Pretorius, previous Kovsie student.
The two remaining spots were taken up by Helena de Waal (Underlying unity, Ceramics and mixed media) and Eljana van der Merwe (Diary of a white elephant, Oil on canvas).

 
Artwork: Sorting teas by Monet Bosma


Prizes


Artwork: Compulsive mourning by Adelheid von Maltitz
The highly-desired overall first prize comprises a six-months sabbatical at the Cité Internationale des Arts in Paris, France, including R150 000 during the stay.

The second prize is given to the most promising artist, which includes a three-month sabbatical at the Cité, French language classes and nationwide touring exhibitions.


Two additional merit prizes are awarded. The first carries a two-month residency on Sylt, the northernmost of Germany's islands, and the other a month-long Ampersand fellowship in New York.

The Absa L’Atelier Art Competition is presented annually by Absa in conjunction with South African National Association for the Visual Arts (SANAVA).

 

 

 

 

 

 

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