QARC operates an actuarial delivery centre in Cape Town, giving UK-domiciled insurers and reinsurers access to Fellow-led, English-speaking actuarial resource at a material cost advantage — without compromising on quality or governance.
The offshore actuarial market has historically defaulted to India. South Africa offers a materially different proposition for UK life insurance practices — one that removes most of the friction that makes offshoring difficult in practice.
Cape Town (GMT+2) shares the entire UK working day from 08:00 to 16:00 London time — unlike India, where the morning is lost. Your offshore team is reachable in real time, every day.
Every engagement follows a structured process designed to protect data, maintain quality, and give your team confidence in the output before it reaches production.
Define scope, deliverables, timelines, data requirements, and quality benchmarks. NDA and engagement letter in place before any data exchange.
Encrypted data transfer. Access controls established. Work performed in a dedicated, isolated environment with full audit logging.
Work carried out by Cape Town team under Johannesburg actuarial oversight. Regular progress updates during the engagement.
Independent quality review by QARC principal before any output is returned. Reconciliations, reasonableness checks, documentation sign-off.
Deliverable returned with accompanying review commentary. Client feedback loop. Lessons applied to subsequent engagements.
Not all actuarial work is equally suited to offshoring. The following service lines are well-established in our delivery model — chosen because they can be clearly scoped, independently reviewed, and returned with high confidence in quality.
Prophet model builds, basis implementations, model point file development, and product library maintenance. Delivery against your existing coding standards and documentation requirements.
Mortality, morbidity, lapse, and expense investigations. Data extraction, exposure calculations, A/E analysis, and summarised results with commentary. Ready for peer review and sign-off.
Quarterly and annual actuarial reporting — embedded value, IFRS 17 liability runs, regulatory returns. Structured output packages ready for your actuarial function review and sign-off.
Model point file preparation, data cleansing, policy data reconciliation, and experience data extraction. Documented processes with full reconciliation audit trail.
CSM calculation, liability for remaining coverage, onerous contract testing, and disclosure pack preparation. Delivered to your IFRS 17 methodology specification.
SCR calculation runs, stress and scenario testing, Own Risk and Solvency Assessment (ORSA) support. Particularly suited to firms with established Solvency II or SAM frameworks.
UK insurers and reinsurers operate under stringent data governance and outsourcing requirements. Every QARC offshore engagement is structured to meet those requirements from the outset — not retrofitted after the fact.
South Africa's Protection of Personal Information Act (POPIA) provides a GDPR-equivalent legal framework for personal data, meaning cross-border data flows can be managed within a robust and recognised regulatory structure.
The actuarial profession in South Africa sits within the same international framework as the UK. For a UK Chief Actuary reviewing offshore output, the professional context is immediately familiar.
A 30-minute conversation is usually enough to establish whether there is a fit. We will ask about your current workload, your team structure, and where the pressure points are — and give you an honest view of what is and is not well-suited to an offshore model.