The QAS recognises the importance of the working environment in enabling actuaries to fulfil their professional responsibilities and deliver high quality actuarial work.
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.
The QAS itself focuses on five key Outcomes which are relevant to good practice, policies and procedures. These are:
1. Quality assurance
2. Conflicts of interest
3. The development and training of Members
4. Speaking up
5. Relationship with Users
QAS Members are also entitled to participate in the QAS CPD Scheme.
Further information and details about the QAS can be found via the FAQs and in the QAS Handbook. We have also produced specific information for Insurers who may be considering participation in the Scheme.
We have produced short videos which tell you more about the QAS and the application process.
1. How (and why) to apply the QAS
Find out how accreditation can make an organisation stand out from the rest, and how the cultural angle and focus on actuarial excellence makes the IFoA's QAS different from other accreditation.
2. How to plan for the assessment
Find out how the assessors support the firm in getting accredited with as little possible disruption as possible to business as usual.
3. What happens during the assessment
Find out how the assessors look for evidence of policies and processes already in place and embedded in a the firm's culture to support quality assurance.
Quality Assurance Scheme
QAS Team, Institute and Faculty of Actuaries, Level 2 Exchange Crescent, 7 Conference Square, Edinburgh, EH3 8RA
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Louise Pryor, IFoA President, will chair this free-to-view session, in which Alex Darsley, TPR, Actuarial Regulatory Policy, will be discussing the regulator’s Climate Change Guidance Consultation, which is seeking views on new guidance designed to help trustees meet tougher standards of governance in relation to climate change ri
This session will examine the megatrends and themes driving the Future of Work across the Financial Services industry, and how Covid-19 has accelerated new future work priorities with a particular focus on hybrid work and leadership mindset and capabilities.
Internal audit is often the Cinderella of the audit world. It’s a regulatory requirement for insurance companies to have an internal audit function, so why not make it as useful as possible? This session will look at how to link an internal audit plan to the risk register, and how that helps audit committees and boards to spot problems and fix them.
Climate change is one of the greatest risks facing our world today. Addressing it will require multi-faceted solutions. Through this panel session, we will explore the different levers that can be used to meet net-zero targets including climate science and data, government engagement, and mobilising green finance.