The IFoA launched the Quality Assurance Scheme (QAS) accreditation last year for organisations that employ actuaries.
The IFoA launched the Quality Assurance Scheme (QAS) accreditation last year for organisations that employ actuaries. Its aim was to promote a consistent quality of actuarial work by focusing on the working environment most likely to produce this.
The QAS provides benefits to any type of organisation employing one or more actuaries, including insurance companies, reinsurers, consultancies, banks and regulators. Insurance organisations are particularly encouraged to participate in this important initiative. Whether the application is for your whole business or just one department, it is a strong statement of quality that will be recognised throughout the insurance industry. Accreditation will help strengthen the future of regulation within the actuarial profession.
How to apply
All the information you need to apply is on the IFoA website at www.actuaries.org.uk/QAS. There are some helpful videos to explain the application, preparation and review process, as well as some helpful FAQs specifically relevant for the insurance industry. These can also be viewed on the Assurance for Insurance factsheet, downloadable at bit.ly/2cDFIt7.
Find out more
To find out more, or for an informal chat about the QAS, please contact quality compliance manager Sarah MacKenzie.
Email: [email protected]
Telephone: 0131 255 0286