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Our credentials

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Photograph Credit: by Thomas Griggs on Unsplash

Munro Forensic Actuaries has a distinguished history defining the crossroads where actuarial assessment meets litigation and business. For over two decades, we have been at the forefront of providing actuarial assessments for the legal fraternity throughout South Africa. Our standards of professional excellence ensure that our commitment extends beyond furnishing a technical actuarial assessment.

We strive to continuously uphold the highest standards of integrity and seek to do the extraordinary for our clients. While we emphasise a fast, accurate and professional actuarial service, we place a strong emphasis on regular engagement with our clients. This combination of excellent service and personal relationships has ensured Munro Forensic Actuaries’ success over the years.

We embrace technology in an appropriate way to ensure that our client’s experience of our service is perfectly suited to what they need. With an increasing number of digital offerings that allow our clients to engage us whenever or wherever they may find themselves, we are on our way to achieving our goal of providing our clients with 24/7 access to our services.

Our People

Digital Tools Built to Support Client Needs

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Our free-to-use portal allows our clients to view or request past reports, request an amendment, monitor the status of reports, access invoices and other documents.

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THE EARNINGS ASSISTANT

Our free-to-use portal empowers Industrial Psychologists to input critical earnings data and create visual representations of various career scenarios for medico-legal matters.

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ACTUARIAL CALCULATION

We have developed a cost-effective and more efficient actuarial report designed for the uncomplicated cases which do not require advanced actuarial insight.

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Upcoming Events

Actuarial Assistance and The Earnings Assistant

Presenter: Dean Berndt

In this free online interactive Q&A session, Dean will cover any technical questions that you as an Industrial Psychologist may have pertaining to the quantification of actuarial claims.

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If you missed any of our online events, you can still watch them.

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MunroTV

MunroTV is our collection of short clips on various topics that are relevant to the RAF and medical-malpractice industry.
This is an invaluable resource in those times when you need a quick tutorial on a subject.

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Our Services

Road Accident Fund Claims

Has your client been involved in a motor vehicle collision? The Road Accident Fund requires an actuary to calculate the loss of earnings suffered by an injured party, or loss of support incurred by dependants.

Medical Negligence Claims

Has your client been a victim of medical negligence? The law of delict in South Africa allows such a person, or a deceased’s dependants, to be compensated by the responsible party for any loss of earnings or loss of support.

Personal Injury and 3^rd Party Liability Claims

Has your client suffered a dog-bite? Police assault? A train or plane accident? These are some of the personal injury and 3rd party liability claims that we handle.

Divorce and Deceased Estate Maintenance Claims

Is your client getting divorced or have they lost a spouse? In the case of a deceased estate maintenance claim, or a divorce claim seeking a lump sum settlement, an actuary needs to calculate the lump sum maintenance pay-out by applying certain legal, mortality, inflation and interest assumptions.

Accrual and Living Annuity Calculations

Does your client have an ante-nuptial contract? Were they married out of community of property with accrual? Calculating the value of a maintenance claim, or the value of a living annuity, in the case of death or divorce needs to be done by an actuary.

Inflation and Interest Calculations

Do you need to convert an old value into current terms? An actuary will adjust the amount using the applicable interest or inflationary assumption, depending on the requirements of the case.

General
Claims

Has your client experienced a loss in terms of a breach of contract, theft of intellectual property, Competition Act or Consumer Protection Act? Does your client have arrear pension contributions outstanding that will result in punitive interest? We can assist in quantifying these and other claims.

Class Action
Claims

Are you representing a 'class' in respect of an infringement or threat to a right in the Bill of Rights? We can assist in quantifying the various types of claims that may arise when seeking monetary damages.

IFRS 2 Share-based Payments

Does your client's company have any form of share-based payment schemes (including BEE schemes)? IFRS 2 is an accounting standard that requires share-based payment transactions to be assessed at "fair value" and reflected in the company's financial statements.

Giving Back

We Focus on Education

We believe children should have access to a good education regardless of where they live. We hold fast to the view that a person’s abilities, not their location, should determine their success. This is why Munro Forensic Actuaries is the founder and a business partner of The Kamvalethu Foundation, a Non-Profit Organisation (NPO), Public Benefit Organisation (PBO) and Trust.

Having access to a basic quality education allows a child to have a greater choice in their own life trajectory. Kamvalethu’s beneficiaries are all previously disadvantaged children under the age of 18 residing in under-resourced areas. This trust also serves to secure ownership points in terms of B-BBEE legislation for our business partners. We take the call for South Africa to be rebuilt and live out its potential seriously. For this reason, Munro Forensic Actuaries partner with some of the most exciting and promising projects in our country’s education landscape.

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What our clients have to say

"DSC Attorneys have used Munro Forensic Actuaries for their actuarial expertise in complex High Court personal injury litigation since their inception. Munro has always sought to take your business seriously, and constantly strives to innovate within, in order to enhance its services. A thoroughly professional team, you can safely entrust your client’s matters to them for prompt reports, which meet excellent standards."

- Kirstie Haslam, DSC Attorneys

"I have always found the term actuary and the perception of the individual behind such a term rather daunting, perhaps because I know once interaction is required, I will no longer be the smartest person in the room. Since getting to know your esteemed team I can honestly vouch that I want no one other than Munro by my side. I have always been treated with respect and much patience, even if it takes me a minute longer to catch up to the calculation part of the conversation. I regard Charl, Willem and their team with the highest of regard and am very pleased to see a female signature on the reports. Although I have not yet had the privilege to work with Julie I have heard nothing but praise amongst my colleagues. I enjoy having a good working relationship with all of my experts and will never in a million years replace Munro Actuaries."

- Yolandi Vosloo, Honey Attorneys

"The staff always explains what seems to be complicated to a point where we are able to understand exactly what was done with the calculation. The turnaround time for service is incredible. The staff is extremely patient and friendly. Everyone keeps their word. Their projections are reliable and the work oozes professionalism."

- Mosisinyana Samuel Manganya, Dabishi Ntambeleni Inc.

"Our expectation regarding professionalism is always met if not exceeded. We can proceed knowing that your reports are a true reflection of the instruction given and the facts of the matter."

- Combrink Nel, Combrink Nel & Associates

"I appreciate the turnaround time. It enables me to meet court deadlines. I appreciate that I can pick up the phone and have any discussion regarding a matter, be it about an appointment, urgency of report, or simply requiring an explanation to understand a concept."

- Natalie Hendricks, State Attorney’s Office

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