About
What we do
We provide specialised solutions to the insurance industry, in which we have deep experience. Our speciality is in handling the Balance Sheet aspects of insurance. This ranges from ALM, hedging, investment strategy, product management, liquidity optimisation, capital optimisation and treasury to assisting product development, Line-2 support, funding of new business strain and capital, related reporting, planning and capital optimisation frameworks. The experience we have allows us to bring proven solutions to the insurance industry, with a commercial focus and quantifiable value based approach. See our practice areas for a list of specialities.
See our Practice Areas
How we work
highly experienced
We work in areas where we have significant experience, education and expertise, and take extreme pride in the quality of service that we provide. Prior awards and international benchmarking have proved that our experience is world-class. Our practice areas summarise areas where we have prior practical experience in delivering results.
Results focused
Our focus is very commercial, and risk aware. We target demonstrable value, which is often quantified as part of the work. A key strength is in being able to execute very efficiently and deliver results in a range of environments: this ranges from pragmatic cost-effective but high impact ('good enough') solutions for smaller entities, to large scale and high impact initiatives in very complex, technical, ambigious contexts. We have an agile approach, focused on quickly delivering initial proof of concept, and then walking an agreed roadmap with iterative, and practically useful milestones.
Works in an organisation
Our solutions function well in an organisation, and allow for strategic steer: we do this by engaging with the technical aspects, and filtering through to the key commercial aspects for top level input on strategic direction. Conversely, we can provide significant value on strategic direction, having a deeply founded understanding of the key technical results and hence implications. We believe in effective and clear frameworks to deliver clear communication between strategy and technical matters.
INDIVIDUALLY OPERATED, WITH PARTNERS
Workworth was established at the start of 2019 in Cape Town. The founder of the business, Michael Lapere, primarily operates the business. We regularly operate in conjunction with range of specialised partners in specific areas to ensure a holistic service in our areas.
Team
We are a small team, and collaborate with other specialists as required.
Michael
ActuaryBBusSci(Act Sci & Eco)(Hons). MSc (Financial Maths). FIA.
Michael Lapere is an experienced Actuary with extensive experience in building and implementing a diverse range of aspects of ALM, hedging and Balance Sheet Management in Insurance. Workworth's practice area reflect the relevant expertise and experience obtained over his career. See LinkedIn for a full summary (you need to be logged into LinkedIn to follow the link).
Olivia
OperationsBA(MCC), PGDM (Marketing & Management).
Olivia has experience in international marketing, business development and customer relations. She assists with operations, business development and client service.
Learn more
See our practice areas, or be in touch to learn more about us
See our Practice Areas Contact us
Specialised actuarial consulting. Experienced in capital and value management, ALM, hedging and guarantees, financial modelling, investment strategy and creating commercially attractive solutions.
Workworth is a Level 4 BBBEE Contributor.