Aston Lukoye
Ezekiel Macharia, born in Buruburu, Nairobi, is a University of Nairobi-trained actuarial scientist who knows how to use age, current salary and years before a person retires to determine his/her price in case a car hits him/her.
Macharia is 39 years old and working in the insurance industry, establishing revenue models for huge corporations.
How is a person compensated?
To begin, what determines a person’s worth? For example, if Wairimu is hit by a bus, we consider her age, present income, and the length of time it will take her to retire. Her earning potential is her pricing.
So the actuary makes the calculations. Someone would counter that who said Wairimu would live to be 60? She might die at any time. So we’ll have to run some probability calculations. Were her profits increasing or decreasing? We decide on a number.
Educational Background
I intended to attend Starehe Boys Centre, but I participated in KCPE and did not receive the required grades to attend a national school.
‘No, these are the marks you earned, and they will send you to the school you deserve,’ my father told me when I failed to hit the target.
I enrolled in Dagoretti High School. I believed that was a beneficial lesson. I received an A because I had realized that if I mess around, that’s how life would have gone.
Why did he choose actuarial science over medicine or engineering with a KCSE to mean a grade of A?
True, I scored an A in high school. With 48 points, I could have become anything, but I needed to maximize those points, which meant medicine or engineering should have been my career options.
Maybe some individuals who haven’t been healed could have been healed if I had been a doctor. But thus far, everything has gone well; I have aided others. I am proud of the folks I stood beside them.
I enjoyed systems and programming, so I might have been a computer expert. My brother enjoyed programming and encouraged me to do so as well. But, because we construct models and utilize computers, this isn’t too dissimilar to what I do now.
These are his success beacons, he explains.
First, finishing actuarial school, I believe is my greatest achievement. You should be aware that actuarial science entails not just a degree but also professional credentials and actuarial certification.
Secondly and more important is developing strong family networks, such as those of my siblings and sisters. I have a four-year-old daughter and another on the way. Being a father requires commitment. My parents seemed to devote themselves entirely to us.
Finally, the most crucial that explains who I am is establishing a business that is doing well. In the next 10 years, we intend to float it on the Nairobi Securities Exchange.
Your firm is also your child as an entrepreneur. You’re concerned about it.
When you are at home, interacting with your child, you are there but not present. So being there and quieting the mind is a difficult task. I’ve been attempting to achieve a work-life balance.
Final Thoughts
Nobody is satisfied with their life, whether they have money or not.
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