Maverick Actuary is a transformational, multi platform content community founded by Dominic Lee in 2021 with the mission of maximizing the impact and value of quant professionals (numbers people) on a global scale. Live With The Maverick is a weekly interview series, hosted by Dominic on Instagram Live. The series features the movers and shakers in actuarial science, risk, and analytics. The overarching goal is to expose quant professionals to individuals who embody the values of Maverick Actuary’s brand and mission. The target audience is quant professionals who are seeking to develop and grow in their careers, and benefit from a broad variety of perspectives from industry leaders and experts with a proven track record of success.
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Maverick Actuary is a transformational, multi platform content community founded by Dominic Lee in 2021 with the mission of maximizing the impact and value of quant professionals (numbers people) on a global scale. Live With The Maverick is a weekly interview series, hosted by Dominic on Instagram Live. The series features the movers and shakers in actuarial science, risk, and analytics. The overarching goal is to expose quant professionals to individuals who embody the values of Maverick Actuary’s brand and mission. The target audience is quant professionals who are seeking to develop and grow in their careers, and benefit from a broad variety of perspectives from industry leaders and experts with a proven track record of success.
Episode 105: Actuaries in Entrepreneurship - Part 2
Live With The Maverick
1 hour 7 minutes
10 months ago
Episode 105: Actuaries in Entrepreneurship - Part 2
My guest for Episode 105 is Barry Swartzberg, ASA, B.Sc., CFP, FASSA, FFA, Executive Director and Co-Founder at Discovery Limited.
The theme for the episode is 𝗔𝗰𝘁𝘂𝗮𝗿𝗶𝗲𝘀 𝗶𝗻 𝗘𝗻𝘁𝗿𝗲𝗽𝗿𝗲𝗻𝗲𝘂𝗿𝘀𝗵𝗶𝗽 - 𝗣𝗮𝗿𝘁 𝟮.
Barry and I covered the following topics:
✅ Barry’s motivation for becoming an entrepreneur ✅ The vision behind Discovery Limited ✅ Starting a business during the fall of Apartheid ✅ The shared-value insurance model ✅ Shaping South Africa’s insurance and financial services landscape ✅ Barry’s biggest entrepreneurial challenges ✅ What it takes to be a successful entrepreneur ✅ Transitioning from entrepreneur to intrapreneur ✅ Areas where actuaries can add value beyond insurance ✅ Tips for the next generation of entrepreneurs
Time Markers
3:50: Risk-seeking culture in South African actuarial community.
5:42: First actuarial role as product development actuary.
13:00: Motivation for becoming an entrepreneur and co-founding Discovery Limited.
18:20: Addressing unaddressed gaps in the South African insurance market (demand-focused approach).
21:14: Value creation during political turmoil (post-Apartheid era).
24:59: Discovery Limited’s shared-value insurance model (medical savings accounts, incentivized wellness programs and risk savings).
33:14: Developing a system to track diet and exercise before the era of big data.
37:39: Adapting behavioral mindset in managing health, motor, banking, and retirement risks.
47:20: How Barry contributed to Discovery’s success as an executive.
51:44: Notable challenges for Discovery Limited (entering the US market).
55:05: Getting companies to scale, risk-taking, ideation, sales, pricing, marketing, and implementing marketplace feedback.
1:01:02: Non-traditional opportunities for actuaries (managing supply and demand of electricity).
1:04:30: Tips for aspiring entrepreneurs.
If you are seeking to explore entrepreneurship, you want to watch this.
My Website: maverickactuary.com
Live With The Maverick
Maverick Actuary is a transformational, multi platform content community founded by Dominic Lee in 2021 with the mission of maximizing the impact and value of quant professionals (numbers people) on a global scale. Live With The Maverick is a weekly interview series, hosted by Dominic on Instagram Live. The series features the movers and shakers in actuarial science, risk, and analytics. The overarching goal is to expose quant professionals to individuals who embody the values of Maverick Actuary’s brand and mission. The target audience is quant professionals who are seeking to develop and grow in their careers, and benefit from a broad variety of perspectives from industry leaders and experts with a proven track record of success.
