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About CARe

The pages in this sub-section serve to tell you more about the Centre for Actuarial Research. 

  • The "Actuarial Research" section explains just what actuarial research is all about.
  • The "Centre" section gives more details concerning the Centre for Actuarial Research.
  • The "Objectives" section details the objectives that the Centre for Actuarial Research strives towards.

The Meaning of "Actuarial Research"

The Institute and Faculty of Actuaries in Britain describe the work of actuaries as being fundamentally concerned with making financial sense of the future. A core actuarial competency is the modelling of long-term (often unintended and mainly financial) consequences in order to make more informed decisions. As such, actuarial research encompasses a wide range of disciplines, primarily focused around modelling.

The Centre for Actuarial Research

The Centre for Actuarial Research brings together multi-disciplinary teams to build capacity, improve techniques and produce independent research in the following areas:

  • Demography
  • Healthcare financing
  • Social security
  • HIV/AIDS modelling

The Centre actively promotes the collaboration of people with research interests in demography, actuarial science, social security, economics, finance and public sector policy.

The Centre for Actuarial Research at the University of Cape Town is the only unit of its kind at an African university. 

Objectives

The overall objective of the Centre will be to promote research and develop expertise in areas in which actuaries can add value. 

Specifically, this objective includes the following:

  • To undertake and publish high-quality research
  • To provide a platform for collaborative research with other South African centres 
  • To develop links with organisations and individuals involved in related research, nationally and internationally. 
  • To undertake consultancy appointments for Government and the Regulatory authorities. (Private sector consultancy will be undertaken where the insights gained will contribute to the broader research agenda, and the research in no way compromises the overall objectives of the Centre.)
  • To build capacity in actuarial research through the contracting and mentoring of young researchers.
  • To build capacity in Government and industry to understand the financial implications of policy decisions, through conducting seminars, workshops and short courses in the focus areas.
  • To develop a programme at UCT to train students in demography (as opposed to population studies), and build capacity by bringing together demographers in the Western Cape.
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