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AIA Thailand awarded the IFoA’s Quality Assurance Scheme accreditation

The Institute and Faculty of Actuaries (IFoA) is very happy to announce that its prestigious Quality Assurance Scheme (QAS) accreditation has been awarded to AIA Company Limited (Thailand Actuarial Department), known as AIA Thailand, on 9 May 2019 at the IFoA Asia Conference in Chengdu, China. This is the first time the award has been made to an organisation in Thailand. Find out more about the QAS 

The global accreditation scheme is designed to provide a level of assurance with regard to an organisation’s commitment to high quality actuarial work. It has been awarded to AIA Thailand in recognition of its creation of an excellent working environment which values professionalism, technical quality and regulatory compliance.   

We are very proud that AIA Thailand Actuarial has received the prestigious QAS accreditation from the Institute & Faculty of Actuaries. We strongly believe that it reflects the best practices that AIA has put in place and we are convinced that it will provide confidence to our regulator and our auditors in the quality and reliability of our work. We also believe that it will be a valuable tool to encourage more good people to join us when they see the high standards that we uphold at AIA.

            Johann Dutoit, AIA Thailand Chief Actuary

QAS was first launched in the UK in September 2015 and around 25 percent of UK-based actuaries work for a QAS accredited organisation. After a successful pilot in 2017 in Hong Kong, Malaysia and Singapore, the accreditation is now available globally, with five employers across Asia gaining the QAS accreditation to date. AIA Thailand is the first large-scale insurance provider in the country to be awarded the QAS.

We’re delighted to award AIA Thailand the IFoA Quality Assurance Scheme accreditation in recognition of AIA’s provision of an environment that supports the delivery of high quality actuarial work.

We see this as a major step in ensuring that governments, regulators, employers and society at large can have confidence that the highest standards are being achieved in the field of actuarial science.  

Derek Cribb, IFoA Chief Executive

Mr. Tan Suee Chieh, IFoA’s incoming President-elect, presenting the QAS accreditation award to Mr. Johann Dutoit, Chief Actuary of AIA Thailand at the IFoA Asia Conference in Chengdu on 9 May 2019.

About the QAS

The QAS is a recognised mark of excellence for organisations world-wide; providing benefits that range from boosting external perspectives of actuarial employers, more streamlined and efficient regulation and demonstrating a commitment to learning, development and continuous improvement.

The QAS is open to organisations employing one or more IFoA members and is available globally.

Find out more about how your business can become accredited or contact our QAS team at QAS@actuaries.org.uk.