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Quality Assurance Scheme (QAS)

The Institute and Faculty of Actuaries' Quality Assurance Scheme (QAS)

The QAS is a voluntary global accreditation scheme for organisations that employ actuaries.

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 have set out below additional information about the QAS and details of how to become accredited. There is also a section for SQARs (Senior Quality Assurance Representatives) at organisations who are QAS members.

If you are considering making an application for accreditation and would like to discuss any aspect of the Scheme prior to applying, please use the details at the bottom of this page to get in touch.

Respected by the sector

 Mamata Pandey Consulting Actuary Lux Actuaries and Consultants Mamata Pandey Consulting Actuary Lux Actuaries and Consultants 

Mamata Pandey talks about the QAS and how it gives both clients and employees confidence in the company.

We found the process of gaining accreditation to be very smooth. All relevant information was available in the QAS Handbook and a conference call with the QAS team provided an opportunity to clarify the process and gain further insight.

Though most of our policies and procedures were in place, putting them together for review by the QAS assessment team was a useful process in itself as it provided an opportunity to review them internally in a holistic manner and fill in any gaps identified.

The assessment process was also insightful as the approach was not about fault-finding, instead it was about finding ways to facilitate further improvements. We felt supported throughout the process. The responses from the IFoA and the external assessors were fast, clear and effective.

As well as the benefits mentioned above, we also found that there are benefits relating to the satisfaction that came from gaining a global accreditation.

Management is excited, employees feel empowered, and clients have comfort that they are conducting business with a professional organisation.

Welcomed by the Financial Reporting Council

The IFoA's QAS acreditation is welcomed by the Financial Reporting Council.

The FRC welcomes the IFoA’s decision to introduce its Quality Assurance Scheme for businesses that employ actuaries. We firmly believe that excellence in the working environment is essential to maintain and improve actuarial quality in the public interest, leading to better outcomes for customers and businesses alike. The FRC considers that the independent assessment of businesses that participate in the scheme will support the Scheme’s effectiveness at achieving these outcomes. We would encourage businesses to join the Scheme.

The Financial Reporting Council (FRC)

 


Find out more about the QAS

Contact Details

Quality Assurance Scheme

qas@actuaries.org.uk

QAS Team, Institute and Faculty of Actuaries, Level 2 Exchange Crescent, 7 Conference Square, Edinburgh, EH3 8RA

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Events calendar

  • Spaces available

    Drawing from his most recent book “The New Long Life” and his longevity research Andrew J Scott will outline how longer lives and new technologies will fundamentally reshape how we structure our lives and transform the economy. As well as looking at the agenda this will set governments and corporates he will focus on the implications for you and how you prepare your future career.

  • India Town Hall

    Webinar
    28 January 2021

    Spaces available

    IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual India Town Hall 2021, hosted by John Taylor with IFoA Council Member Mahidhara Davangere and IFoA Chief Executive, Stephen Mann. 

  • Spaces available

    What are the options for the world economy looking ahead?

    In this Thought Leadership Lecture, Economist, Vicky Pryce, will be discussing world economic trends, including the differences in geographical performance and how output is recovering and where.

  • Spaces available

    Trust and Leadership for Actuaries

    Led by Dr. Jim Baxter, University of Leeds, this webinar introduces some key ideas in the ethics of trust, with a particular focus on those in, or on the path to, leadership roles. Dr Baxter is joined by a panel of experienced leaders who will give their personal perspectives on how they understand the value of trust and how they seek to promote and inspire trust, drawing on their experiences of leadership. The panel includes:

  • Health and Care Hot Topics webinar

    Online webinar
    10 February 2021

    Spaces available

    In this webinar, we have two presentations showing the latest research on the implications for life and health insurers of two key issues: genomics and pandemic risk.

    Dr Peter Joshi and Paul Timmers will share their research on how well-established underwriting processes can allow for genomics in predicting expected mortality and morbidity. They will then discuss the potential for stratified screening and personalised medicine to improve health and reduce claim costs.

  • Spaces available

    As the world’s attention begins to turn to COP26 later this year in Glasgow, Sarah Gordon (Chief Executive, Impact Investing Institute) will share her vision for how the financial services industry can deliver for people and the planet, as well as how to encourage more investment with the intention to generate positive, measurable social and environmental impact alongside a financial return.

  • Sub-Saharan Africa Town Hall

    26 February 2021

    Spaces available

    IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual SSA Town Hall 2021, hosted by John Taylor with IFoA Council Members Mukami Njeru, Prosper Matiashe and IFoA Chief Executive, Stephen Mann.

  • MENAP Town Hall

    2 March 2021

    Spaces available

    IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual MENAP Town Hall 2021, hosted by John Taylor and IFoA Chief Executive, Stephen Mann.