Students intending to take the new Certified Actuarial Analyst qualification this year can register online with the Institute and Faculty of Actuaries from today.
Together with Pearson VUE, a computer-based testing firm, the IFoA has developed and launched the internationally recognised CAA qualification and membership category. Registration, which is open to students around the world, will close on July 18.
The CAA syllabus consists of six modules, takes between two and three years to complete and is intended to professionalise the growing number of technical and analytical roles in companies. The IFoA said that the qualification caters for school leavers, degree level candidates and people currently working at an actuarial firm.
The IFoA has created challenging technical and theoretical questions, covering computational and practical aspects of the job. Candidates will be able to take the Module 0 entry test from August 4 until August 15 at Pearson VUE's network of over 5,000 test centres in 178 countries.
IFoA chief executive Derek Cribb said: 'This is a momentous day for the Institute and Faculty of Actuaries and the actuarial profession as a whole.
'The CAA will represent high academic standards, with continuous professional development requirements and a robust regulatory approach for employers, regulators and the public alike.
'There is a strong demand for the CAA in the financial sector and we worked closely with employers in developing the new professional standard to meet their need for professional technicians and analysts.'
Bob Whelan, president and CEO of Pearson VUE, added: 'We are proud to be entering into this multi-year partnership with the IFoA. This new qualification will make a big difference to the careers and lives of professionals around the world, and we are thrilled to be a part of it.'
Candidates wishing to sit the Module 0 entry test can register here.
More information on the CAA can be found on the IFoA website here.