Today marks a key milestone in the delivery of the IFoA's new Certified Actuarial Analyst (CAA) membership qualification as registration has now opened for the first exam session.
Marking the occasion, Derek Cribb, IFoA CEO said: "This is a momentous day for the Institute and Faculty of Actuaries (IFoA) and the actuarial profession as a whole. After years of planning and development the CAA has today become a reality with the opening of the registration for the first exams."
CAAs will benefit from an internationally recognised professional qualification and membership of the IFoA. They will be equipped with proven technical and professional skills, giving assurance to employers and clients alike that the work they do is of a high quality and subject to the IFoA's regulatory framework.
As a general qualification, the CAA has a broad applicability, but is particularly suited to professionals working alongside actuaries, those in wider financial services who want to develop a differentiated skill set, school leavers with a strong mathematical ability who want to learn on the job, and graduates seeking a gateway to a career in financial services.
The first exam session for Module 0, the entry test, is taking place from 4-15 August 2014.
More information on the CAA is available here.