Live With The Maverick Podcast - Episode 105: Actuaries in Entrepreneurship - Part 2

Are you interested in entrepreneurship? Well look no further. I had a thrilling conversation with 𝗕𝗮𝗿𝗿𝘆 𝗦𝘄𝗮𝗿𝘁𝘇𝗯𝗲𝗿𝗴, 𝗔𝗦𝗔, 𝗕.𝗦𝗰., 𝗖𝗙𝗣, 𝗙𝗔𝗦𝗦𝗔, 𝗙𝗙𝗔, Executive Director and Co-Founder at Discovery Limited on 𝗘𝗽𝗶𝘀𝗼𝗱𝗲 𝟭𝟬𝟱 of 𝗟𝗶𝘃𝗲 𝗪𝗶𝘁𝗵 𝗧𝗵𝗲 𝗠𝗮𝘃𝗲𝗿𝗶𝗰𝗸 podcast. The episode 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. Thank you for being on the show, Barry. 𝗧𝗵𝗲 𝗿𝗲𝗽𝗹𝗮𝘆 𝗳𝗼𝗿 𝗶𝘀 𝗻𝗼𝘄 𝗮𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲 (𝘀𝗲𝗲 𝗹𝗶𝗻𝗸𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗰𝗼𝗺𝗺𝗲𝗻𝘁𝘀).👇🏼 #actuarialscience #actuary #riskmanagement #analytics #datascience #dataanalytics #insurance #careers #themaverickactuary