The Certified Actuarial Analyst (CAA) qualification will not be available to new students as of October 2021. This is according to CAA Global Ltd (CAA Ltd) and its two shareholders, the IFoA and the SOA, as the organisations evolve their future qualification offerings.
The CAA qualification will continue to be recognised through membership of the IFoA or the SOA Center. Transitional arrangements have been put into place to ensure new and existing CAA candidates continue to receive the support they need to successfully complete their qualification journey.
“As the actuarial employment landscape changes, the IFoA and the SOA are looking to evolve their qualification offerings to support early career students to progress along the actuarial qualification pathway,” says a joint statement from the three institutions.
The move is advised by the needs of the rapidly changing actuarial employment market, and the skills and areas students setting out on an actuarial career will need to navigate and succeed in.
“As leading international professional organisations, we are committed to playing a central role to equip early career students with the skills and competencies sought after by businesses, governments and other key stakeholders, as well as having fulfilling and rewarding careers,” says the statement.
The IFoA and the SOA says they are exploring how each organisation can best enable students pursuing CAA to progress in their studies on a pathway to actuarial associateship and will be making further announcements in due course.
Are you pursuing CAA qualification? Here are the transitional arrangements and support that have been put into place to ensure successful completion of qualification journey.