Emma Gilpin and Caryn Chua blog about the IFoA Quality Assurance Scheme (QAS) award.
A historic accreditation
This July we were delighted to be in Bangkok along with IFoA President Elect Tan Suee Chieh to award the QAS accreditation to AIA Thailand.
The objectives of the QAS are to promote quality assurance at an organisational level; to promote confidence in the work of actuaries and to provide an important mechanism to identify issues affecting the quality of actuarial work. We were incredibly pleased to offer the QAS accreditation to AIA Thailand in recognition of these qualities.
What makes this award so special?
This award is important for a number of reasons. Firstly, as our first QAS awarded in Thailand, we’re delighted that the accreditation is continuing to find a truly global audience.
Secondly, we were particularly pleased to welcome representatives from the Thai financial regulator to support AIA’s QAS accreditation. The event was attended by the Office of Insurance’s Assistant Secretary General of Supervisory Standards Development - Dr Chayanin Kerdpholngarm, who gave a speech welcoming the accreditation.
We believe that this award shows how a commitment quality is something that transcends borders. Taking steps to create the kind of environment in which the highest quality of actuarial work can be delivered is an initiative that delivers value and safeguards the public interest, no matter where you are in the world.
Alongside Garth Jones, CFO of AIA Group and senior AIA Thailand executives, Tan Suee Chieh also gave his first address as President Elect before presenting the award.
What the profession is saying about the QAS
The QAS has been awarded to employers in a wide range of nations world-wide. Read more about how the value the profession places on QAS below:
“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
Find out more about how your organisation can benefit
QAS accreditation is open to all employers of actuaries with a commitment to creating an environment of actuarial excellence.