Exam Exemptions

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 (based on the transcript date) by 30th June 2018 and the request for exemption (along with required documentation) is received by 30th September 2018.

CAA ModuleSOA Examination CreditIFoA Examination Credit
Module 0Any one SOA examAny one of CT1, CT3, CT4, CT5 or CT6
Module 1Financial Mathematics (FM) ExamFinancial Mathematics (CT1)
Module 2Probability (P) Exam and Construction & Evaluation of Actuarial Models (C) ExamProbability and Mathematical Statistics (CT3) and Models (CT4)
Module 3Models for Life Contingencies (MLC) ExamContingencies (CT5)
Module 4Construction & Evaluation of Actuarial Models (C) Exam and Fundamentals of Actuarial Practice (FAP)Statistical Methods (CT6)
Module 5Fundamentals of Actuarial Practice (FAP)Model Documentation Analysis and Reporting (CA2)
OPATAssociateship 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:

 GBPUSD
Module 06182
Module 175101
Module 275101
Module 375101
Module 475101
Module 5113153
OPAT5067

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 enquiries@caa-global.org.

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.