David Kirk runs Milliman’s actuarial consulting practice in Africa.
He is an actuary and is the creator of New Business Margin on Revenue. He specialises in risk and capital management, regulatory change and insurance strategy . He also has extensive experience in embedded value reporting, insurance-related IFRS and share option valuation. He has been involved in significant insurance projects across Sub Saharan Africa and in the Middle East.
David began his career at Tillinghast – Towers Perrin working in the London and Cape Town offices, gaining exposure to the insurance markets, products and regulatory environments in South Africa, the UK and Europe.
David then headed up the Johannesburg actuarial practice for PricewaterhouseCoopers as a partner with core responsibilities around life insurance, general insurance, financial and risk management and business development.
Most recently, David successfully grew the KPMG South Africa actuarial consulting business as the partner responsible for the audit and advisory actuarial work across Johannesburg and Cape Town. A key piece of work delivered here was the Economic Impact Assessment for the FSB’s Solvency Assessment and Management regulatory reform.
David is an active member of the ASSA’s Embedded Value subcommittee and the Consumer Credit Insurance Task Force, chairs the Micro-insurance Committee and chairs the Technical Provisions Task Group as part of the Financial Services Board’s Solvency Assessment and Management (SAM) Project. He has lectured parts of undergraduate and postgraduate courses at the University of Cape Town, the University of Stellenbosch and the Lebanese University. He is an assessor and instructor for the Institute of Actuaries Business Awareness Module and the actuarial profession’s professionalism course for new qualified actuaries.
David is a Fellow of the Institute of Actuaries (FIA) and a Fellow of the Actuarial Society of South Africa. He holds a B.Bus.Sci degree in actuarial science and finance from the University of Cape Town, is CFA Charterholder, a Chartered Alternative Investment Analyst (CAIA) and a Certified Professional Risk Manager (PRM).