What if I have already taken IFoA or SOA exams?
If you have previously taken IFoA or SOA exams, you may qualify for exemptions on the CAA pathway. Individuals with SOA and IFoA exam credits will be exempt from the CAA modules listed below, provided the credits were earned by 30th June 2018.
|CAA Module||SOA Examination Credit||IFoA Examination Credit|
|Module 0||Any one SOA exam||Any one of CT1, CT3, CT4, CT5 or CT6|
|Module 1||Financial Mathematics (FM) Exam||Financial Mathematics (CT1)|
|Module 2||Probability (P) Exam and Construction & Evaluation of Actuarial Models (C) Exam||Probability and Mathematical Statistics (CT3) and Models (CT4)|
|Module 3||Models for Life Contingencies (MLC) Exam||Contingencies (CT5)|
|Module 4||Construction & Evaluation of Actuarial Models (C) Exam and Fundamentals of Actuarial Practice (FAP)||Statistical Methods (CT6)|
|Module 5||Fundamentals of Actuarial Practice (FAP)||Model Documentation Analysis and Reporting (CA2)|
|OPAT||Associateship Professionalism Course (APC)||Online Professional Awareness Test (OPAT)|
A fee will apply for each exemption. The exemption fee for each module will be as follows:
Process to obtain exemptions
If you would like to claim an exemption, please follow the steps below:
STEP 1: Complete the candidate registration form and indicate which exemptions you would like.
STEP 2: Send the administrative team proof of qualification from either IFoA or SOA exam which has been certified to be a true copy to email@example.com.
STEP 3: Include administrative and exemption fees with your proof of qualification.
STEP 4: The administrative team will process the full application, place exemptions and take payment.
STEP 5: The administrative team will notify you of ARN and provide instructions for booking future exams.