Technology affects the relationships, culture and efficiency of any business. QED understands this and has put technology at the forefront of its day-to-day operations.
QED’s focus on the most appropriate technology is aimed at providing clients with world class service. We do this through constantly improving our computing and networking capability in addition to integrating the latest in analytics, statistics, mathematics and modelling technology.
We are always looking at what the future holds and artificial intelligence, cloud computing, machine learning and blockchain technology are just a few examples of what we are currently investigating, researching and implementing.
Software development is also a strong focus of our technology framework. QED has a talented in-house development team made up of a combination of actuarial staff and IT members that develop and maintain our actuarial software, Basys.
Basys is currently used internally by QED for most of our life, general and pension clients and is therefore tested and updated on a regular basis. The software is also licensed to several insurers around Africa.
We have positioned Basys as a business tool that can assist insurance companies with their reserving and product development requirements as well as more complex projects such as asset-liability management and budgeting.