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05

Quality Assurance Scheme goes from strength to strength

Open-access content Tuesday 8th May 2018 — updated 5.50pm, Wednesday 29th April 2020

The Quality Assurance Scheme (QAS) is for organisations wishing to demonstrate their commitment to applying and maintaining high-quality policies and procedures to their actuarial work.

The Quality Assurance Scheme (QAS) is for organisations wishing to demonstrate their commitment to applying and maintaining high-quality policies and procedures to their actuarial work. All organisations receiving QAS accreditation have to pass a rigorous, independent assessment of their working environment, culture and processes.

Censeo Actuaries and Consultants Ltd was accredited last month, bringing the total number of accredited organisations in the UK up to 34. 

Following a successful trial in Malaysia, Hong Kong and Singapore, the IFoA's Regulation Board has approved the extension of the QAS. It is expected that the first organisations based outside the UK will be accredited in May at the Asia Conference in Bangkok.

Gail Higgin, chief executive of Censeo Actuaries and Consultants Ltd, said: "Censeo Actuaries and Consultants is delighted to have been accredited under the QAS; it just goes to show that size is not important when it comes to quality. We recognise, however, that this is a step in a journey, not a final destination, and look forward to demonstrating our process of continuous improvement."

This article appeared in our May 2018 issue of The Actuary.
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