Certified Actuarial Analyst qualification: your investment
The CAA will serve as an asset to you as you move forward in your career. Below are the associated fees for each exam module. The Online Professional Awareness Test (OPAT) can be taken all year round, and your work-based skills requirement can be submitted at any time. Please contact us for more information about discounted rates.
Candidates will not be able to progress with further Modules if they have not completed the Module 0 and/or submitted a candidate registration form regardless of the Module 1 exam result.
Bookings open on 18 December 2020 and close at 17:00 UK time 3 May 2021.
Exam dates are in the tables below:
| Full Rate Fees (GBP) | Full Rate Fees (USD) | Exam Date | |
|---|---|---|---|
| Module 0 | £124 | $161 | 17-28 May 2021 |
| Admin fee | £79 | $105 | |
| Module 1 | £205 | $274 | 17-28 May 2021 |
| Module 2 | £205 | $274 | 17-28 May 2021 |
| Module 3 | £205 | $274 | 17-28 May 2021 |
| Module 4 | £205 | $274 | 17-28 May 2021 |
| Module 5 | £310 | $414 | 19 May 2021 |
| OPAT | £75 | $100 | |
| Work-based skills | £75 | $100 |
Note: At this time, fees are payable in GBP using all payment options, if you wish to pay USD, you are able to pay via bank transfer only.
Reduced fees
To be eligible for the reduced rate fee, your income from all sources (including pensions) needs to be less than £2,970 (approximately $3,742).
| Reduced Rate Fees (GBP) | Reduced Rate Fees (USD) | Exam Date | |
|---|---|---|---|
| Module 0 | £74 | $96 | 17-28 May 2021 |
| Admin fee | £47 | $63 | |
| Module 1 | £123 | $164 | 17-28 May 2021 |
| Module 2 | £123 | $164 | 17-28 May 2021 |
| Module 3 | £123 | $164 | 17-28 May 2021 |
| Module 4 | £123 | $164 | 17-28 May 2021 |
| Module 5 | £186 | $249 | 19 May 2021 |
| OPAT | £45 | $60 | |
| Work-based skills | £45 | $60 |
Note: At this time, fees are payable in GBP using all payment options, if you wish to pay USD, you are able to pay via bank transfer only.
Society of Actuaries waivers and exemptions in detail
Individuals with existing exam credits can take part in the CAA Global’s exam exemption process. Candidates submit their credits to claim exemptions for CAA modules. The following table provides an equivalency of exam credits to apply toward the CAA qualification.
| Exam Credit from the Society of Actuaries | CAA Module |
|---|---|
| Any one SOA exam | Module 0 |
| Financial Mathematics (FM) Exam | Module 1 |
| Probability (P) Exam and Construction & Evaluation of Actuarial Models (C) Exam or Probability (P) Exam and Short-Term Actuarial Mathematics (STAM) Exam | Module 2 |
| Models for Life Contingencies (MLC) Exam or Long-Term Actuarial Mathematics (LTAM) Exam | Module 3 |
| Construction & Evaluation of Actuarial Models (C) Exam and Fundamentals of Actuarial Practice (FAP) or Short-Term Actuarial Mathematics (STAM) Exam and Fundamentals of Actuarial Practice (FAP) | Module 4 |
| Fundamentals of Actuarial Practice (FAP) | Module 5 |
| Associateship Professionalism Course (APC) | OPAT |
CAA Global will also post the waivers of credits from the Institute and Faculty of Actuaries (IFoA) and the Actuarial Society of South Africa (ASSA) in the near future.
To complete your submission of exemptions fill out the forms:
CAA candidate registration with SOA exemptions (USD)
CAA candidate registration with SOA exemptions (GBP)