A world of opportunity awaits

The Certified Actuarial Analyst (CAA) is an internationally recognized technical and professional qualification offered by CAA Global that shows you have proven technical and professional skills, and which offers a gateway to an exciting career in financial services

Once you’ve qualified, you will be certified and recognised as a professional analyst. This gives you an edge in the job market—and the skills to add value once you’re hired. You’ll also have the opportunity to join one of the two associations that are a part of CAA Global: the Institute and Faculty of Actuaries (IFoA) or the SOA Center for Certified Actuarial Analysts, a subsidiary of the Society of Actuaries (SOA).

What will I come away with?

  • Expertise and experience—Apart from a professional qualification with one of the leading actuarial associations in the world, you will gain financial business, analytical and modelling skills.
  • Added value immediately—If you’re working in a technical role within the insurance, data and financial services industries, you will have the skills and methodologies to help businesses provide assurance to regulators, stakeholders and the public across an exciting range of sectors from health and care to data science and technology, financial services, education and energy
  • Recognition and community—Through CAA Global and its international actuarial association partners, you’ll be a member of a well-respected, globally recognised profession and be able to work worldwide.


Is the CAA right for me?

The CAA is a great choice for professionals in many stages of their careers. If one of the descriptions below rings true for you, this qualification could be the right fit:


  • You already have a professional qualification and are looking to add an actuarial or analytical dimension to your skillset. You have graduated from college or university and are interested in actuarial work.

  • You are interested in starting your career and learning on the job without having to undertake a college or university degree.

  • You’re a current employee of a professional or financial services organisation.

  • You’re in an analytical support role or other position and are looking to move up in your organisation.

  • You’ve started exams to qualify as an actuary but are beginning to feel it might not be the right path for you.

What differentiates CAAs from other actuarial analysts?

The CAA qualification offers continued support and accreditation by IFoA and SOA Center. Both internationally recognised membership organizations support the need for maintaining a robust regulatory approach.

What is the pathway for the CAA qualification?

This isn’t your average march toward a qualification. The Certified Actuarial Analyst (CAA) career pathway is designed to be flexible for many lifestyles. You can work at your own pace, and you can take your exams at exam centres around the world. Plus, if you choose to, you can study for the CAA qualification while working full-time.

To become a CAA, candidates needs to pass six exams in such areas as: Finance and Financial Mathematics, Statistics and Models, Long-Term Actuarial Mathematics, Short-Term Actuarial Mathematics, and Models and Audit Trails. In addition there is an Online Professional Awareness Test (OPAT). Other than Module 0, there are no pre-requirements to completing this qualification.

Here are the steps:

Once you have met these requirements, and joined one of the associations recognized by CAA Global you will be eligible to qualify as Certified Actuarial Analyst.

What could CAA holders expect to learn?

Qualified CAAs will have the necessary mathematical skills and understanding to enable them to:

  • Carry out necessary analysis to determine charges for products, schemes, contracts and other arrangements that provide benefits on contingent events
  • Be effective in manipulating and analysing data sets
  • Communicate financial concepts within the work environment.

How long does the CAA pathway generally take to complete?

Candidates typically complete the requirements for the qualification in 2-3 years.

Are CAAs subject to a Code of Professional Conduct?

All CAAs are subject to a Code of Professional Conduct through their member association.


Do they have CPD requirements?

All CAAs are required to meet an annual requirement for continuing professional development.The specific continuing professional development requirements are set by the qualified CAA’s member association.


Who are likely to be interested in the CAA qualification?

The CAA attracts people who:

  • Are working in an analytical roles, e.g., pricing analyst, data modeller or finance analyst
  • Starting the exam process for an actuarial credential but believe it is not the right route to support their career aspirations
  • Are considering a career change
  • Are interested in financial and statistical work


What do employers think about the CAA qualification?

The CAA has been developed with employers to meet their needs and will help professionalize the growing number of technical and analytical roles in companies. Both the IFoA and SOA have discussed the CAA with actuarial employers and have received enthusiastic support for the idea.

Is the qualification globally recognized?

The CAA is already attracting students from across the globe. The World Bank has also highlighted the CAA qualification to all insurance supervisors as a potential solution to developing actuarial capacity.


Is the CAA pathway just an easier way to become an actuary?

No. CAA holders are analysts – not actuaries. Becoming credentialed as an actuary is a much more rigorous process that involves many years of study and several examinations.


What types of industries are CAAs trained to work in?

CAAs can work in a wide variety of sectors from health and care to data science and technology, financial services, education and energy, where technical application of math and risk modelling are essential to business success.


Where is the CAA offered through the joint venture?

The CAA is available globally.


Is the purpose of the joint venture to dominate the international actuarial market?

No. The IFoA and SOA share a common goal to encourage other actuarial associations around the world to become accredited bodies and therefore destinations for qualified CAAs. By working with the global actuarial profession to develop a robust accreditation scheme, the quality and international reach of the CAA qualification will be assured.


How does this joint venture benefit the international actuarial profession?

Offering the CAA on a global basis professionalizes a large segment of people from all over the world who are supporting the actuarial profession, as well as those working in technical analyst roles in wider fields, by creating a structured education pathway for those seeking a professional qualification.


What are employers saying about the CAA?


"It would strengthen localized actuarial work as part of an overall regime of official roles for actuaries.  With the CAA qualification, a good deal of the work required can be carried out locally leaving the actuary to oversee and review the work instead, bringing the capacity into local centers and allowing them to build up their skills and familiarity progressively." 
Andrew Rallis, FSA, MAAA, EVP and Global Chief Actuary MetLife
"We believe the recognition of skilled workers will aid in our employee selection process by more formally and precisely identifying a needed set of capabilities.  There are numerous roles in our company that could benefit from this designation."
Michael Smith, FSA, MAAA, CFA, EVP & Chief Financial Officer, Voya Financial®
"The CAA offers training in pension mathematics and administration thereby providing value for our company and its clients. We support employees seeking this qualification by providing study time and paying for the examinations and study materials."
Steve Eadie, FSA, FCIA, Partner, Robertson, Eadie & Associates