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      Derek is an experienced Chartered Accountant and Registered Auditor with over 17 years in the financial services industry, specializing in audit and advisory services for the insurance sector. He has a proven track record in managing large audits, ensuring regulatory compliance, and delivering projects.

      Derek’s current audit client portfolio includes three of the ten largest life insurers in South Africa and includes one of the five largest life insurers. His portfolio covers the range of life insurance products including individual life, employee benefits, group schemes, funeral and investment business; as well as specialist bancassurance businesses, cell insurers and cell owners. 

      Previous audit experience includes direct, intermediated and niche non-life insurance, life reassurance, property and casualty reinsurance, underwriting management agencies, medical schemes, insurance aggregators and group service companies. Derek has also been involved in various advisory engagements related to insurance, leading some and acting as an insurance subject matter expert on others. 

      1. Areas of expertise

        Derek is an auditor with significant experience in managing audits of individual companies and groups.

        Derek is an expert in process, accounting and financial reporting in terms of: International Financial Reporting Standards; the Insurance Act, 18 of 2017; and best practice management accounting principles.

        He is also knowledgeable regarding other (non-financial) insurance regulations including the Insurance Act and related subordinate legislation, and the financial services conduct regulations.

        He has significant experience in project management, gap analyses, internal and external assurance.

      2. Education & qualification

        Qualified CA (SA)

        Certificate in Theory of Accounting

        Post Graduate Diploma in Management Accounting

        Bachelor of Arts (Philosophy and Psychology - Honours) 

      3. Accreditations

        Registered CA (SA)

        Registered Auditor (IRBA)