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Kwanda Ngwenduna

Kwanda Ngwenduna


Back to Executives​​

Head – Actuarial, Short Term & Life ​


Period of service:  ​​Appointed:​ December 2020 ​

Qualifications: BSc Actuarial Science (Wits University); BSc Hons. Mathematical Statistics (Wits University), BSc. Hons. Actuarial Science (Actuarial Science); MSc e-Science; AMASSA


Kwanda is a qualified Associate Actuary with a BSc. Actuarial Science, BSc. Hons Actuarial Science, BSc. Hons (Cum Laude) Mathematical Statistics and an MSc. e-Science from the University of Witwatersrand. He is an Associate Member of the Actuarial Society of South Africa (ASSA). He is currently in the process of completing his last professional actuarial exam with ASSA in order to become a fully qualified Fellow Actuary of ASSA.

 He is a Student Representative of the ASSA Council for the period 2020-2021, a former Association of South African Black Actuarial Professionals Treasurer 2018-2019, a member of the Member Engagement Board, and the Research Committee of ASSA. Kwanda is an active researcher in the actuarial industry, participating in local and international actuarial conferences.

He has 8 years' experience in life insurance (i.e. product development, pricing, experience analysis, reserving, modelling, SAM and reinsurance), pricing basis development, predictive analytics, and machine learning, having previously worked for Munich Re of Africa, Vodacom, ABSA Life.

In his role as Head: Actuarial, Short-Term and Life at Land Bank Insurance, he manages the actuarial function for both short-term and life insurance entities according to the regulatory requirements. He is driving the actuarial strategy, builds actuarial models for capital modelling, pricing, profitability analysis, reserving, SAM, reinsurance, product development as well as creating policies, procedures and approaches for the management of actuarial services across both insurance entities.