Robert J Koch Actuaries
Actuaries in Cape Town

Robert J Koch specializes in claims for compensation/ damages for personal injury and death and problems relating to the division of deceased estates. This is a short telegram-style report which was introduced in 1988 at the request of the RAF and promoted by them with a view to reducing the high cost of actuarial advice. Suffice it to say that certificate format is substantially cheaper than a trial report. A good deal of my work takes the form of mediation in the sense of facilitating an early settlement. The earnings of the deceased are, strictly speaking, not relevant, but can provide a useful guide. Most claim values become outdated due to the effects of inflation and the need to discount to a later settlement date. Attorneys who are actively seeking finalisation of claims should thus request revised values at intervals of about 2 years, and even less for claims with a large future loss component. Every effort is made to avoid duplicated assessments when more than one attorney sends instructions for the same claim. Robert J Koch specializes in claims for damages compensation for personal injury and death. This ruling was well received and applied fairly quickly to a substantial number of settlements. The earnings data hoard: STATSSA has for decades been collecting earnings data as regards the entire working population of South Africa. Government budgeting guidelines: A large proportion of accident victims are Government employees. It follows that estimating their earnings is an important aspect of claims assessment. The Government guidelines for budgeting issued June 2016 recommend that salaries be projected at 1% per year above inflation in addition to notch increases; medical aid contributions to be projected at 2½% per year above the rate of inflation; and the housing allowance in line with inflation.