After you qualify as a CAA

Now that you’re a qualified CAA, you have the opportunity to join one of the associations that are a part of CAA Global

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.

CAA Pathway

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 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
• Employability
  Your commitment to life-long learning and development allows you to enjoy a rewarding and successful career
• Community
  You are part of a global community which will support your development and encourage you to share ideas and advice
• Support
  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
• Regulation
  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.