InQA

What InQA does

InQA Limited is a privately held UK software company founded in 1995 and registered in Bournemouth, England, that supplies business and financial software to the pensions, business and finance community and financial education tools to families and educators. The company's product portfolio comprises its GRM desktop software (supported on Windows 10 Pro, Education, and Enterprise editions) and a separate line of web-based software delivered via Microsoft Azure and Office 365, addressing actuarial calculations, pensions administration, and financial reporting use cases. In addition to product licensing, InQA offers software and web development services, including cloud migration to Microsoft Azure and Office 365.

The firm was founded by Patrick Lee, a former Watson Wyatt (now Willis Towers Watson) partner, and software engineer Alun Marriott, and was joined in 1996 by renowned actuary David Wilkie, author of over 200 mathematical and actuarial papers. InQA operates with a micro headcount of 1–10 employees, has no publicly disclosed pricing or customer list, and is founder-controlled with no reported external investors. As of December 2024, InQA's main role is transitioning to act as the Secretariat (administration and other services) for the International Qualified Actuaries Group, while the company continues to support its existing clients, signalling a strategic shift away from standalone software product growth toward an association-services role.

Name

InQA

Legal name

InQA Limited

Website

https://inqa.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

1–10 employees

Short description

InQA Limited is a UK-based micro software firm founded in 1995 that supplies web-based and desktop (GRM) financial software to the pensions and actuarial community and financial education tools to families and educators, and is transitioning into the Secretariat role for the International Qualified Actuaries Group.

Ownership category

akta.pro rank

Product category

Actuarial and Pensions Software

NAICS

Software Publishers (513210), Computer Systems Design Services (541512)

SIC

Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Risk, Controls & Governance (GRC) Platforms (FSAFAOAG)

akta.pro secondary industries

Governance, Risk & Compliance (GRC) Platforms (BPAEAPAA), Compliance, GRC Workflow & Audit Automation Platforms (HDAEAHAL)

Keywords

• Pensions valuation software
• Actuarial calculation tools
• Cloud migration services
• Financial education software
• Software development services

Headquarters

HQ city

Bournemouth

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations

Core offering

InQA develops and licenses its GRM desktop software (Windows 10 compatible) for actuarial and pension calculations, alongside a cloud-based web application hosted on Microsoft Azure that mirrors the GRM functionality for browser-based delivery. The company also produces financial education tools aimed at schools, families, and educators, and offers bespoke software and web development services to the pensions, business, and finance community.

Product overview

InQA offers a portfolio of business and financial software solutions. The core offerings include GRM desktop software for Windows 10 environments and cloud-based software running on Microsoft Azure, both serving the pensions, business, and finance community. Additionally, the company supplies financial education tools to families and educators. The company also provides software and web development services, including cloud migration to Microsoft Azure and Office 365.

Differentiator

Problem solved

Functional benefit

Products and services

• GRM Desktop Software Windows 10 desktop application for actuarial and pension calculations, targeted at the pensions, business and finance community.
• GRM Cloud Web Application Browser-based version of GRM running on Microsoft Azure with Office 365 integration, providing cloud-hosted actuarial calculations for pensions, business and finance users.
• Financial Education Tools Software resources designed to deliver financial education for schools, families, and educators.
• Bespoke Software and Web Development Services Custom development of software and web applications for clients in the pensions, business and finance community, leveraging the same engineering capability that underpins GRM.
• Secretariat Services for the International Qualified Actuaries Group Secretariat services delivered by the InQA founders (Patrick Lee and Alun Marriott) to the International Qualified Actuaries Group, providing professional services support to the actuarial profession from December 2024.

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• International Qualified Actuaries GroupcoreStrategic or Co-development PartnerInQA's main role is transitioning to act as the Secretariat (performing administration and other services) for the International Qualified Actuaries Group. This represents InQA's primary strategic focus going forward.
• Microsoft Azure and Office 365coreTechnology or IntegrationInQA's software runs in the cloud on Microsoft Azure and Office 365. InQA also helps clients with software and web development, including moving to the cloud via Microsoft Azure and Office 365.

Scale indicators1 record

Recent moves5 records

Expansion highlights3 records

Direct peers

• Equiniti: UK financial services technology provider with pensions administration, share registration and wealth solutions — overlaps directly with InQA's pensions and finance software offering.
• Procentia: UK-based pensions administration and management software provider serving pension schemes, trustees and administrators — directly comparable to InQA's pensions/finance community software focus.
• Bravura Solutions: Wealth management and pensions administration software platform serving global financial services firms — comparable to InQA in product category (pensions/finance software) and target buyer personas.

Emerging players

• MyBnk: UK charity delivering financial education to young people and educators — comparable to InQA's financial education tools for families and educators segment, though operating on a non-profit model.
• Club Vita: UK longevity analytics and pensions data service for actuaries and pension schemes — a niche, emerging player overlapping with InQA's actuarial/pensions customer base and risk-modelling use cases.

Broad incumbents

• Aon: Global professional services firm with an actuarial and pensions consulting practice serving UK and international clients — competes with InQA for actuarial/pensions software-adjacent budget at large financial institutions.
• Mercer: Global actuarial, pensions and investment consulting firm offering pensions administration and actuarial software tools — a large incumbent competing for the same UK pensions/actuarial buyers.
• Willis Towers Watson: Global actuarial, risk and pensions consultancy formed from the merger with Watson Wyatt — InQA founder Patrick Lee's former firm. Operates broadly across actuarial services with proprietary software adjacent to InQA's offerings.
• Capita (Pensions Solutions): Large UK outsourcing and technology group whose Capita Pensions Solutions division competes in pensions administration software — a much larger incumbent in the same niche InQA serves.

Regional players

• Barnett Waddingham: UK actuarial, pensions and investment consultancy with proprietary modelling tools — comparable niche UK focus and actuarial/pensions customer overlap with InQA, though primarily consultancy-led.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/InQALtd

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about InQA