Students intending to take the new
Certified Actuarial Analyst (CAA) qualification this year can register online
with the Institute and Faculty of Actuaries (IFoA) from today.
Institute of faculties of Actuaries
(IFoA),UK introduced a new course Certified Actuarial Analyst (CAA) for the
beginners of Actuarial activities.
After completion of this course one can join the main stream of Actuarial
studies for Associateship and Fellowship
program At present many countries are facing
deficiency of actuary that causing
hamper insurance business and financial risk management to run up to the global norm. To meet up the
deficiency of actuary IFoA comes forward
with this course.
Together with Pearson VUE, a
computer-based testing firm, the IFoA has developed and launched the
internationally recognized CAA
qualification and membership category. Registration, which is open to students
around the world, will close on July 18.
The CAA syllabus consists of six
modules, takes between two and three years to complete and is intended to professionalize
the growing number of technical and analytical roles in companies. The IFoA
said that the qualification caters for school leavers, degree level candidates
and people currently working at an actuarial firm.
The IFoA has created challenging
technical and theoretical questions, covering computational and practical
aspects of the job. Candidates will be able to take the Module 0 entry test at
Pearson VUE's network of over 5,000 test centers in 178 countries.
IFoA chief executive Derek Cribb
said: ‘This is a momentous day for the Institute and Faculty of Actuaries and
the actuarial profession as a whole.
‘The CAA will represent high
academic standards, with continuous professional development requirements and a
robust regulatory approach for employers, regulators and the public alike.
‘There is a strong demand for the
CAA in the financial sector and we worked closely with employers in developing
the new professional standard to meet their need for professional technicians
and analysts.’
Bob Whelan, president and CEO of
Pearson VUE, added: ‘We are proud to be entering into this multi-year
partnership with the IFoA. This new qualification will make a big difference to
the careers and lives of professionals around the world, and we are thrilled to
be a part of it.’
Interested
person may visit the website of IFoA or may contract local Actuarial Society for further details.
