About QARC

The experience to know
when the consensus is wrong.

QARC is an AI-first actuarial practice operating through a curated network of specialist partners. Founded by Anthony Jones FFA C.Act MINQA — a senior actuarial executive with 25 years of experience at the highest levels of South African and international life insurance — and built to deliver at a scale and quality that no individual practice can achieve alone.

FFA 2001 C.Act MINQA® BSc(Hons) First Class 25+ Years
Anthony Jones — Founder, QARC
Anthony Jones
Founder & Principal — QARC

A record built on consequential work

Not advisory roles at a distance — accountable positions at the centre of the most technically demanding actuarial challenges in South African and international financial services.

2017 — Present
QARC (formerly Qmulus)
Founder & Principal
Founded to provide specialist actuarial consulting and build a scalable, AI-first delivery model for the South African and international markets through a curated network of specialist partner firms. Clients have included AVBOB Mutual Assurance Society, Elevate Life, Discovery Life, Vitality Life (UK), and Liberty Corporate. In 2022 spent a period in the Isle of Man exploring opportunities in that jurisdiction's dynamic financial services market.
2017 — 2019
Independent Consultant — Ernst & Young and direct mandates
Lead Actuarial Advisor
Lead life consultant on two major international buy-side due diligence exercises through Ernst & Young: Swiss Re (Europe & London) negotiating the acquisition of Britam, the largest insurer in Kenya; and Tokio Marine (Tokyo) negotiating a 20% stake in the Hollard Group. Subsequently offered the position of Executive Director at EY Johannesburg — not taken up.

Returned to Discovery Life to lead a team achieving a 98% improvement in capital projection model runtime for EV purposes, sacrificing less than 1.5% of precision. Produced capital optimisation papers for Vitality Life (UK) accepted by the actuarial committee, generating material capital savings for the group.

2010 — 2017
Discovery Life
Head of Capital & Risk / Head of Life Technical Actuarial R&D
Built and led the Discovery Group's Solvency II and SAM programme from inception — all three Pillars, across life and non-life. Recruited and developed what became an industry-recognised team. Two-time winner of the Discovery Group actuarial innovation prize against 200 global actuaries. 100% on-time regulatory submission record over seven years.

Identified a material technical flaw in the draft SAM legislation in 2011/12 and successfully lobbied the Prudential Authority for amendment — saving Discovery approximately R15 billion in required capital and averting a technically spurious insolvency. The methodology is now publicly available and used across the industry.

Anthony Jones presenting at the Actuarial Conference 2017
Presenting at the Actuarial Conference, 2017
2007 — 2010
Liberty Life
Appointed Actuary — Liberty Growth & Liberty Swaziland
Promoted within a year to Appointed Actuary of Liberty Growth and Liberty Swaziland, with full statutory responsibility across embedded value reporting, published results, regulatory returns, board reporting, bonus declarations, and product approval. Subsequently promoted to alternate Statutory Actuary of Liberty Active.
1999 — 2007
Deloitte AIS
Senior Consulting Actuary & Senior Manager
Eight years in life insurance consulting across hundreds of statutory engagements in Southern Africa. Founded and managed Deloitte's employee benefits consulting division. As head of Prophet training for the SA office, trained both Deloitte staff and client actuarial teams — Deloitte distributed and supported Prophet as an authorised agent. This hands-on experience is the direct foundation of QARC's actuarial technology practice.

A career measured in outcomes

R15bn
Capital Saved
Identified a flaw in draft SAM legislation and successfully lobbied the Prudential Authority — saving Discovery Life approximately R15 billion in required capital support.
98%
Runtime Improvement
Led a team achieving a 98% improvement in capital projection model runtime for Discovery Life's EV calculations, at a precision sacrifice of less than 1.5%.
25+
Years of Practice
Spanning life insurance, general insurance, pensions, capital modelling, Solvency II, IFRS 17, M&A due diligence and technology across South Africa and internationally.
Innovation Prize
Two-time winner of the Discovery Group actuarial innovation prize, competing against 200 actuaries and students across Discovery's global community.
100%
Regulatory Record
Seven consecutive years of 100% on-time submission across all QIS, parallel run, and regulatory reporting during the SAM implementation programme.
10+
Countries
Consulting experience across the UK, Isle of Man, Kenya, Mauritius, Zimbabwe, Mozambique, Namibia, Botswana, Eswatini, and Australia — in addition to South Africa.

Why QARC exists

The actuarial profession is exceptionally capable. It is also, in important respects, stuck — in spreadsheets that should have been replaced a decade ago, in modelling platforms that have not kept pace with modern computing infrastructure, and in a collective reluctance to engage seriously with artificial intelligence, machine learning, and the data engineering practices that have transformed every adjacent quantitative discipline.

QARC was founded on a different premise. That the combination of deep actuarial expertise and genuine technology fluency is rare, valuable, and undersupplied in the market. That a network delivery model — combining senior actuarial leadership with specialist partner firms — can deliver work of the highest quality at a fraction of the cost of traditional consulting structures. And that the profession's next decade will be defined by those who engaged seriously with AI early.

Anthony chose not to take the EY Executive Director role he was offered in 2019. He chose instead to build QARC — smaller, more agile, and more forward-looking than any of the environments he had worked in before. The network model was a deliberate design choice: to access the depth and breadth of capability that engagements demand, without the overhead and inertia of a large firm.

"The actuarial profession is extraordinarily capable of building sophisticated models — and extraordinarily resistant to modernising how those models are built, run, and governed. QARC exists at that gap."
Anthony Jones — Founder, QARC
Delivery Network

Built to deliver at scale

QARC operates through a curated network of specialist partner firms — combining senior actuarial leadership with deep technical capability across actuarial modelling, capital management, software development, data engineering, AI, and digital transformation. Spanning South Africa, the Isle of Man, Canada, and North America, this network provides genuine international reach without the overhead and rigidity of a large permanent headcount.

Our partners are not subcontractors — they are established businesses with their own track records, methodologies, and professional standards. QARC provides the senior actuarial oversight, client relationship, and quality assurance framework that binds the network into a coherent delivery model.

Barista Consulting
Cape Town, South Africa
Our primary actuarial delivery partner in Cape Town. A specialist actuarial and business consulting firm with deep expertise in life insurance modelling, Prophet, MoSes, IFRS 17, pricing, and actuarial process automation. The foundation of QARC's offshore delivery capability for UK and international clients.
Prophet MoSes IFRS 17 Pricing Automation
Workworth Consulting
Cape Town, South Africa
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 strategic collaborator with QARC on outsourced actuarial services, with international experience including Vitality Life (UK). Michael is also founder of Certra, a fintech platform protecting payment journeys for financial services clients.
ALM & Hedging Capital Management Investment Strategy Balance Sheet Outsourcing
Kroon Actuarial
Canada — North America & Bermuda
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 North American presence and a wide international network — offering convenient time zone coverage for offshore opportunities in North America and Bermuda.
North America Bermuda Life Insurance Capital Modelling FIAA
NEXXT-GEN
Isle of Man — UK & Crown Dependencies
Grant Shannon is a quantitative analyst, former derivatives market maker in London and at the Chicago Board of Trade, and AI systems architect. His firm NEXXT-GEN delivers bespoke solutions in AI agent design, cloud computing, data engineering, and machine learning — with a delivery 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 direct technical depth to QARC's AI-first actuarial practice.
AI Agents Cloud Computing Data Engineering Quant Systems Isle of Man
Falcorp Technologies
South Africa — Global Delivery
A BEE-enabled digital transformation and technology business with over a decade of experience building digital solutions for leading organisations in financial services, telecommunications, and the public sector. Provides QARC with broad development capability, scalable technical resource, and access to global delivery capacity across the full technology stack.
Digital Transformation Data Engineering Software Development BEE Level 1 Global Delivery

Credentials your board will recognise

Qualification
FFA · C.Act — Chartered Actuary
Institute & Faculty of Actuaries · Fellow 2001 · Chartered Actuary designation · CPD current · Discipline-free
Qualification
FASSA — Fellow, Actuarial Society of SA
Actuarial Society of South Africa · Fellow 2002 · Discipline-free record · Membership lapsed; eligible to reinstate
Designation
MINQA® — Member, International Qualified Actuaries Group
INQA Group · Registered UK trademark (reg. no. UK00004349912, effective 5 March 2026) · Active membership with real-time verification
Education
BSc(Hons) Mathematical Statistics — First Class
University of the Witwatersrand · 1997 · Liberty Life Gold Medal
Regulatory
FSB SAM Task Group Member
Capital Requirements & Technical Provisions · Economic Impact Study Task Group · National Treasury · ASISA nominee
Statutory Role
Appointed Actuary — Multiple Licences
Liberty Growth · Liberty Swaziland · Alternate — Liberty Active · Ex-officio Board attendee
M&A Advisory
Lead Actuary — Two International Transactions
Swiss Re / Britam (Kenya) · Tokio Marine / Hollard Group · Ernst & Young
Academic
Lecturer & External Examiner
Wits University Honours 2001 · IFoA External Examiner — UFS & NWU
ASSA Committees
Three ASSA Sub-Committees
PGN110 Embedded Derivatives · Market Consistent Embedded Values · IFRS 17 (to 2017)
International Reach

Three continents. Ten jurisdictions.

South AfricaUnited KingdomIsle of ManKenyaMauritiusZimbabweMozambiqueNamibiaBotswanaEswatiniAustralia

Anthony accepts a limited number of non-executive director and actuarial committee appointments where his independence, regulatory familiarity, and breadth of experience can add value to smaller insurers, cell captive structures, and specialist governance frameworks. Enquiries are welcome via the contact page.

Work with QARC

Ready to have a
different kind of conversation?

Whether you are looking for offshore actuarial resource, a technology partner, or a senior independent mind on a difficult problem — we would be glad to talk.