QARC — Actuarial & Risk Consultants

A new kind of
actuarial practice.
Built for what comes next.

AI-first in orientation. Distributed in delivery. Founded by a Fellow of the Institute and Faculty of Actuaries with 25 years of experience at the highest levels of life insurance — and a clear view of where the profession needs to go.

About QARC Our services
01 — Offshore Delivery
Cape Town delivery for UK insurers and reinsurers
FIA-led actuarial resource at 40–60% of UK cost. Full working day overlap with London.
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02 — Technology & AI
Actuarial technology advisory and AI-first practice
Prophet expertise. Platform advisory. Machine learning and agentic AI applied to actuarial problems.
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03 — Managed Services
Actuarial function support for smaller insurers
Retained actuarial services for cell captives and specialist books. Your actuarial department, outsourced.
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Founder's career — principal firms and clients
Discovery Life
Liberty
Deloitte
Ernst & Young
Prudential plc
Swiss Re
Tokio Marine
AVBOB
Founded by

Senior expertise.
Independent judgement.

QARC was founded by Anthony Jones BSc(Hons) FFA C.Act MINQA — a Fellow of the Institute and Faculty of Actuaries (UK), with 25 years of hands-on experience across life insurance, general insurance, capital modelling, pensions, and technology.

Career highlights include eight years as Head of Capital & Risk at Discovery Life — where his team's work saved the group approximately R15 billion in required capital through successful lobbying of the Prudential Authority on a technical SAM shortcoming — and serving as Appointed Actuary for multiple Liberty Life subsidiaries. He has led international M&A due diligence for Swiss Re and Tokio Marine through Ernst & Young, and was offered the position of Executive Director at EY Johannesburg.

He chose instead to build QARC — an independent, AI-first practice structured around distributed delivery and genuine technology leadership, rather than the traditional large-firm model.

Full background and credentials
25+
Years of practice across life, GI, pensions and capital
C.Act
Chartered Actuary, Institute & Faculty of Actuaries (UK)
R15bn
Capital saved through successful regulatory engagement at Discovery
10+
Countries across Africa, Europe and Australia
Anthony Jones
01
Offshore Delivery Centre
Cape Town-based actuarial team delivering high-quality work for UK-domiciled insurers and reinsurers. FIA-overseen. POPIA/GDPR-aligned. 40–60% cost reduction.
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02
Actuarial Technology & AI
Prophet expertise spanning model development, training, and support. Emerging platform advisory. AI and data science applied to actuarial modelling and reporting.
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03
Managed Actuarial Services
Retained actuarial function support for SA cell captives and smaller insurers. Pricing, reserving, model development and regulatory submissions — on your timetable.
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Delivery network — specialist partner firms
Barista Consulting
Cape Town · Actuarial Delivery Partner
Specialist actuarial and business consulting firm. Provides QARC's Cape Town actuarial delivery capability — Prophet modelling, IFRS 17, pricing, automation, and valuations for life insurance clients locally and internationally.
Workworth Consulting
Cape Town · Strategic Actuarial Partner
Founded by Michael Lapere, a senior actuary with a distinguished career at Old Mutual before moving into independent consulting. Workworth specialises in ALM, hedging, investment strategy, and capital and balance sheet management for insurers. Active collaborator with QARC on outsourced actuarial services, with international experience including Vitality Life (UK). Michael is also founder of Certra, a Cape Town fintech platform protecting payment journeys for financial services clients.
Kroon Actuarial
Canada · North America & Bermuda Partner
Gerrit Kroon FIAA is a South African trained actuary with a career spanning Old Mutual, Discovery Life, and Oliver Wyman before founding Kroon Actuarial in Canada. With experience across South Africa, Australia, and North America, Gerrit provides QARC with a localised presence and wide international network — offering convenient time zone coverage and client proximity for offshore opportunities arising in North America and Bermuda.
NEXXT-GEN
Isle of Man · AI, Data & Technology Partner
Grant Shannon is a quantitative analyst, former derivatives market maker in London and at the Chicago Board of Trade, and AI systems architect. Based in the Isle of Man, his firm NEXXT-GEN delivers bespoke solutions in AI agent design, cloud computing, data engineering, and machine learning — with a track record across the USA, UK and Africa. His focus on verifiable AI systems, where autonomous agents operate within defined risk and compliance guardrails, brings technical depth to QARC's AI-first actuarial practice.
Falcorp Technologies
South Africa · Technology & Digital Partner
BEE-enabled digital transformation business with over a decade of experience and scalable technical resource across the full development stack. Provides QARC with broad technology delivery capability and access to global development capacity.
About our network →
AI-First Practice

The profession is not taking AI seriously. We are.

Every quantitative discipline adjacent to actuarial science — data science, quantitative finance, risk management — has been fundamentally changed by machine learning and AI. Actuarial practice has largely watched from the sidelines. QARC is building its practice on the premise that this changes in the next five years, and that the firms and practitioners who engage now will define the next era of the profession.

Machine learning for mortality and lapse modelling — gradient boosting and neural approaches that outperform traditional GLMs on complex product structures
Agentic AI for actuarial workflow automation — LLM-driven pipelines for experience analysis, commentary generation, and model run orchestration
Python-first data engineering — replacing fragile Excel-based data preparation with automated, tested, version-controlled pipelines
Modern reporting infrastructure — dynamic dashboards replacing static PDF output packs for actuarial management information
Predictive Modelling
ML-based mortality, morbidity and lapse models. Experience analysis using modern statistical tooling beyond traditional GLM approaches.
Agentic Workflows
AI agents for actuarial data validation, ORSA narrative drafting, model run management, and regulatory submission preparation.
Data Pipelines
Python, SQL and dbt replacing Excel-based actuarial data preparation. Version-controlled, tested, and auditable end-to-end.
Platform Advisory
Independent assessment of actuarial modelling platforms — Prophet, RAFM, Slope, Pathwise — without vendor conflict of interest.
Visualisation
Power BI and Python-based actuarial dashboards. Real-time management information replacing quarterly static reporting packs.
Training
Structured programmes in Prophet, Python for actuaries, data engineering fundamentals, and AI tools for actuarial practice.
Insights

Thinking from the practice

Anthony writes on actuarial technology, AI in financial services, offshore delivery, and the questions the profession is not asking loudly enough. Published on Substack.

Actuarial Technology
Why South Africa is the offshore actuarial market the UK has been ignoring
The case for Cape Town over Mumbai — time zones, qualifications, regulatory alignment, and a cultural fit that makes offshoring actually work.
Read on Substack
AI & Data Science
Actuarial science has a technology problem — and the profession is not talking about it
Why a discipline capable of building sophisticated stochastic capital models is still running its core processes in Excel.
Read on Substack
Prophet & Modelling
What a large language model can — and cannot — do with a Prophet output file
A practical first-principles examination of where AI genuinely adds value in actuarial modelling workflows, and where it does not.
Read on Substack
Work with QARC

A different kind of
actuarial conversation.

Whether you are a UK insurer evaluating offshore delivery, a South African cell captive looking for actuarial function support, or a technology vendor seeking a credible African partner — we would be glad to talk.

Get in touch About QARC