Mukami Njeru has joined the board of a global actuarial body. She was the only African elected in the Institute and Faculty of Actuaries (IFoA) Council and is expected to drive the advancement of the actuarial profession in the continent.
The Council is the governing body of the IFoA. The results of the elections were announced at the IFoA’s annual general meeting on 15 June 2020. With less than 100 qualified actuaries in Eastern Africa and the distinct challenges that the profession faces in the African market, Ms Njeru says her perspective at the IFoA council will add to the diversity of thought and experience.
“I am honored by the support; and the opportunity and great privilege it will be to serve the profession in this capacity. I look forward to the exciting journey of being part of the team shaping the future of the actuarial profession. Thank you all for your support and congratulations to my fellow incoming council members, and to all for their excellent candidacy,” she added.
Ms Njeru is a Kenyan fellow member of the IFoA, and a Chartered Enterprise Risk Actuary (CERA). She is the Vice President of The Actuarial Society of Kenya (TASK) and currently works for a global reinsurer – Swiss Re – in the Middle East and Africa region, developing products, reinsurance solutions and capital support structures for Life and Health Insurers. Prior to this, she held consulting roles in different parts of the world (including the General Insurance practices of PwC in Sydney and Deloitte in London; as well as Financial Advisory and Risk Consulting work in Nairobi) and an internal role at CIC Insurance Group, Kenya.
Commenting on her appointment, TASK’s President Moses Mutuli said: “Being the first female qualified actuary in Kenya, Mukami is a distinguished role model for many upcoming actuaries and is very professional in her approach. Her appointment provides an opportunity that IFoA can leverage on as it aims to expand its wings in Africa.”
Elected members of Council will normally serve a three-year term, after which they will be required to stand down.