Associate Insurance Analyst

2 weeks ago


Pretoria, Gauteng, South Africa South African Reserve Bank Full time

Brief description


The main purpose of this position is to perform prudential oversight of licensed insurance companies on a solo and group level through a combination of off-site and on-site monitoring and supervision to ensure the financial soundness and sound governance of solo insurers and insurance groups.


Detailed description

  • Provide input into, and assist with, the development and implementation of the regulatory framework.
  • Promote efficient, fair and sustainable insurance markets and policyholder protection.
  • Provide input into the development and implementation of a prudential riskbased supervisory plan for each insurer and insurance group within the allocated portfolio.
  • Provide input into, and assist with, the coordination and implementation of interventions for problematic insurers and/or insurance groups as per the supervisory ladder of intervention.
  • Provide input into, and assist with, the development of public documents relating to insurance supervision.
  • Supervise insurers and insurance groups within the allocated portfolio through a combination of offsite and onsite supervisory tools, focusing on qualitative, quantitative, financial and nonfinancial information, to identify and assess risks and to propose mitigating actions.
  • Maintain databases and records of all relevant information on insurers and insurance groups within the allocated portfolio.
  • Liaise and collaborate with other relevant departments within the Prudential Authority (PA) and the South African Reserve Bank (SARB).
  • Liaise with industry, other regulators (locally and internationally) and relevant financial institutions.


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