I hold BSc and MSc Degrees in Actuarial Science both from the University of Nairobi, and currently a lecture on the Bachelor of Business Science Degree programmes at Strathmore University. I also have significant experience in actuarial consulting from a previous role as Actuarial Analyst at ACTSERV [Actuarial Services EA Ltd.]
My main role at ACTSERV was actuarial modelling; carrying out statutory valuations for life insurers and developing cash-flows for their new and existing products. The cash-flow models were especially useful to the insurers because they formed a reasonable basis for decisions on whether and how to sell new products, and the impact of those products on their ‘bottom-line’. In addition, the models allowed for Scenario Testing and Sensitivity Analysis for different factors on cash-flows. Stress Testing the models served to illustrate the impact of some major risks inherent in the insurers’ business!