Izak Smit

Group Chief Executive Officer at PPS

Izak Smit serves as the Group Chief Executive Officer at PPS since July 2016. Prior to that, Izak was the Managing Executive for (non-bank) financial services distribution at Absa Group from January 2005 to January 2016. Izak holds a Diploma in Strategy and Innovation from the University of Oxford, a BCom Honours in Economics from the University of Pretoria, and is a Fellow of the Faculty of Actuaries of Scotland from the Faculty of Actuaries Scotland. Additionally, Izak obtained a BCom Honours in Actuarial Mathematics from Stellenbosch University.

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PPS

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The Professional Provident Society (PPS) is the largest South African company of its kind that provides financial services exclusively for graduate professionals. PPS operates under the ethos of mutuality, which means that it exists solely for the benefit of its members. PPS membership provides access to a comprehensive suite of financial and healthcare solutions that are specifically tailored to meet the needs of graduate professionals, including life insurance, short-term insurance, health professions indemnity, specialist support services, financial advisory, wealth advisory, investments and administers the Profmed Medical Scheme. Members with qualifying products from PPS Insurance, PPS Investments, PPS Short-Term Insurance and Profmed share in the profits and losses of PPS Insurance annually through PPS’s unique Profit-Share* Account. After we have honoured all valid claims and covered the expenses of doing business, and set up reserves for future possible claims, we distribute what is left to our members with qualifying products, together with investment growth, either as claims or as allocations to their Profit-Share accounts. So, the greater their contributions in these products, the greater is their part of the annual Profit-Share. Visit www.pps.co.za for more information. PPS is a licensed insurer conducting life insurance business, a licensed controlling company and an authorised FSP.