Products and Services
A description of the the services that QED offers.
Life Insurance Actuarial Solutions
The life insurance landscape faces increasing regulation and compliance. Insurers are also confronted with limited growth opportunities for traditional offerings and increased competition from local and global players entering the market with non-traditional business models and offerings.
Enterprise Risk Management
Enterprise Risk Management (ERM) is a disciplined approach to selecting and managing risks. Unlike traditional risk management, ERM focuses on the confluence of all risks, applying a systematic approach to managing key risks.
General Insurance Actuarial Solutions
The general insurance landscape is particularly affected by endemic irrational competition, while still being subject to other challenges affecting the rest of the insurance industry. There are additional sector-specific challenges such as market cyclicality.
We have been a leading provider of actuarial and modelling services across Africa for many years. Having initially focused on insurance and pensions, the extension of our new service offering to the banking sector has been a natural development given that our traditional actuarial skills are easily tailored to provide institution-specific analytical support and quality assurance.
QED offers a robust actuarial modelling platform, Basys, a system for efficiently performing various actuarial computations. With increasing product complexity and greater information demands by management as well as regulators, the capabilities and attributes of an actuarial modelling system are becoming even more critical.
After a 3 year hiatus, QED has re -entered the employee benefits space on 1 January 2018. Our aim is not to just replicate the pension fund valuation services of other consultancies but to build a more complete HR consulting business. QED feels that the industry has lacked innovation and efficiency and aims to instill this in our service offering.
IFRS17 is the next big turning point for the insurance industry. It completely changes the way we account for insurance business. Although the official go live date is only 2021, there is a tremendous amount of work to be done before then including a proposed parallel run in 2020.
QED has established a dedicated division for analytics and has partnered with Emerge and Business Optics to complement our internal skills. This gives our clients access to machine learning and artificial intelligence. Our current areas of focus are cross sell prediction models, sales optimization, churn modeling and real time dashboards.
Research & Development
Today, in most industries, innovation is not an ideal – it is a necessity, and our Research and Development (R&D) programme at QED addresses precisely this necessity within the financial industry of keeping up with innovation and regulatory changes.
QED, who we are?
QED Actuaries & Consultants (Pty) Ltd is a consultancy with its headquarters in South Africa,
from where we have been providing actuarial services over the past 25 years. Known wherever
we operate simply as QED, and already the largest independent actuarial consulting firm in
Africa, we have emerged onto the global stage, delivering our services in the UK, Turkey and The
Bahamas, in line with our strategy of expanding beyond the African continent.
Our specialist advisory teams offer actuarial and risk management solutions to life and non-life
insurers, healthcare providers, pension funds, banks, regulatory and industry bodies, insurance
associations, retailers and developmental organisations.
With our 50 employees, including 14 qualified actuaries, our staff complement has grown by 25%
over the past year and we expect it to reach 75 by 2020.
QED provides actuarial services to over 125 companies and other financial institutionsacross 17 countries in Africa, as well as in the UK, Turkey and The Bahamas.We are in the process of building a local footprint in each of the regions in which we operate, in order to betterservice our clients.
Kenya | Mauritius | Nigeria | South Africa
Insights and Publications
Get in Touch
Find us at the office
38 Wierda Road West,Sandton ,Johannesburg, South Africa
Royal Offices, Suite No. 17, Mogotio Road Westlands, Nairobi, Kenya
Office Block C, Grand Baie La Croisette, Grand Baie, Mauritius
235 Ikorodu Road, Ilupeju, Lagos, Nigeria
Give us a ring
+27 11 038 3700