The Institute and Faculty of Actuaries (IFoA) announced today (14 December) that Michael Tagg is the first person to be awarded the Certified Actuarial Analyst (CAA) qualification.  The CAA was launched in 2014 and is the first globally recognised membership qualification at the technical level for those working in wider roles within financial services such as IT and data analytics anywhere in the world. 

Michael has worked at the Government Actuary’s Department (GAD) since 1997, and in his role he provides technical actuarial support on a wide range of projects (including pension scheme accounts and formal actuarial valuations) for mainly public sector pension scheme clients.

Since launching last year, the CAA qualification has gained in popularity, with over 400 exam registrations since June.  Students can study and sit exams around the world while continuing to work full time.  Employers are increasingly recruiting for Actuarial Analysts, and promoting their support for staff through the qualification. 

Michael Tagg comments,

“It’s a real honour to be the first Certified Actuarial Analyst.  My role at GAD involves a lot of actuarial technical support so when the CAA became available I thought it was a great chance to get the qualification and was exactly what I needed for my career.”

Fiona Morrison, President of the IFoA comments,

“I’d like to congratulate Michael for this outstanding achievement.  It takes a lot of dedication and skill to pass actuarial exams and I’m pleased to see Michael has made it through the Analyst qualification with flying colours.”

Derek Cribb, CEO of the IFoA comments,

“Another global first for the IFoA has been achieved with the first qualified Certified Actuarial Analyst joining our ranks.  The CAA has gone from strength to strength over the last year with applications coming in from over 30 countries.  The breadth and range of careers from people now signing up for the qualification is astounding.

“The innovative qualification is suitable for anyone seeking a career where they can utilise their mathematical abilities and is designed to equip students with a diverse set of technical skills that will prepare them for a career anywhere in the world.”

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