You can opt to join the Institute and Faculty of Actuaries (IFoA), based in the United Kingdom or the SOA Center for Certified Actuarial Analysts, a subsidiary of the Society of Actuaries (SOA), based in the United States.
Once you’ve qualified as a Certified Actuarial Analyst, are there routes to the IFoA Associate and Fellowship qualifications?
Having qualified as a CAA and gained some valuable work experience, you may wish to consider embarking on an actuarial career by undertaking the professional IFoA examinations through to Associate and Fellow.
The studying you have undertaken will prepare you for the core principle subjects, in particular the Actuarial Statistics (CS) and Actuarial Mathematics (CM) subjects, which we suggest you should attempt first.
The IFoA has developed a pathway to provide an opportunity to gain some exemptions from these two subjects. This currently involves some additional formal assessments to ensure that material not studied during your CAA has been appropriately covered. If you wish to continue with your professional studies and qualify as an actuary, through the IFoA examination route is the following exemptions are available to you:
- Exemption from CS1 providing you sit a problem based assessment and a short paper (1.5 hrs) covering the gaps in the CAA syllabus
- Exemption from CM1 providing you sit a problem based assessment and a short paper (1.5hrs) covering the gaps in the CAA syllabus
These pathway assessments will be made available subject to candidate demand. As we will only run these assessments when there is sufficient candidate demand, please contact the Member Service team for guidance before committing to this study pathway.
Benefits of IFoA membership
If you decide to join the IFoA you will be eligible for benefits such as:
- Professional recognition
You are part of a highly respected profession. Your membership of a globally respected actuarial body will be recognised, wherever you are in the world
Your commitment to life-long learning and development allows you to enjoy a rewarding and successful career
You are part of a global community which will support your development and encourage you to share ideas and advice
Whether it is our extensive library resources, our exam counselling service, or guidance on ethical and technical enquiries that may arise in your day-to-day actuarial work we will support you no matter what stage of your career you are at
- Research and knowledge
You have access to a range of high quality focused publications, journals and events. You can contribute to and access original research that advances actuarial science
As a regulated professional you have credibility as an expert that is internationally recognised
- Promotion and policy development
You are a member of a Royal Chartered professional body with a remit to act in the public interest. We actively seek opportunities for actuaries to contribute to public policy debates, helping secure a healthy future for the profession
Please view our membership page on gaining Certified Actuarial Analyst membership to understand how to become a member of the IFoA now that you are qualified.
CAA Administration Team
CAA Global, c/o Institute and Faculty of Actuaries, 1st Floor, Park Central, 40-41 Park End Street, Oxford OX1 1JD
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We have made it through 2020 but the COVID-19 crisis continues to have a significant impact on individuals, societies, businesses and the wider economy across the globe. Navigating the world post COVID-19 in an uncertain and highly unstable time brings along many uncertainties, challenges and exciting opportunities. Hence the theme of this year’s IFoA Asia Conference Webinar Series is “Risk. Adapt. Thrive.”
In April 2021, the CMI Income Protection Committee published Working Paper 149, which detailed the changes to analysis methodology for the Income Protection Investigation and the impact of past data issues. This webinar will provide an overview of the changes in the analysis approach and discuss the adjustments to the IP11 claim inceptions graduations.
Louise Pryor, IFoA President, will chair this free-to-view session, in which Alex Darsley, TPR, Actuarial Regulatory Policy, will be discussing the regulator’s Climate Change Guidance Consultation, which is seeking views on new guidance designed to help trustees meet tougher standards of governance in relation to climate change ri
Internal audit is often the Cinderella of the audit world. It’s a regulatory requirement for insurance companies to have an internal audit function, so why not make it as useful as possible? This session will look at how to link an internal audit plan to the risk register, and how that helps audit committees and boards to spot problems and fix them.
Climate change is one of the greatest risks facing our world today. Addressing it will require multi-faceted solutions. Through this panel session, we will explore the different levers that can be used to meet net-zero targets including climate science and data, government engagement, and mobilising green finance.