Skip to main content
The Actuary: The magazine of the Institute and Faculty of Actuaries - return to the homepage Logo of The Actuary website
  • Search
  • Visit The Actuary Magazine on Facebook
  • Visit The Actuary Magazine on LinkedIn
  • Visit @TheActuaryMag on Twitter
Visit the website of the Institute and Faculty of Actuaries Logo of the Institute and Faculty of Actuaries

Main navigation

  • News
  • Features
    • General Features
    • Interviews
    • Students
    • Opinion
  • Topics
  • Knowledge
    • Business Skills
    • Careers
    • Events
    • Predictions by The Actuary
    • Whitepapers
    • Moody's - Climate Risk Insurers series
    • Webinars
    • Podcasts
  • Jobs
  • IFoA
    • CEO Comment
    • IFoA News
    • People & Social News
    • President Comment
  • Archive
Quick links:
  • Home
  • The Actuary Issues
  • March 2015
03

World Bank endorses IFoA's CAA qualification

Open-access content Wednesday 18th March 2015 — updated 5.13pm, Wednesday 29th April 2020

The World Bank has endorsed the IFoA’s Certified Actuarial Analyst (CAA) qualification.

The World Bank has endorsed the IFoA's Certified Actuarial Analyst (CAA) qualification.

The bank said there was a shortage of actuarial resources in emerging economies and it was a concern for both insurers and supervisors. It believed the CAA qualification would be "one of the possible steps toward a solution" and it would useful for insurance supervisors to introduce "enhanced" actuarial expertise to new regions.

Craig Thorburn, lead insurance specialist at the World Bank, said: "The CAA offers a new option for many emerging markets to expand their actuarial resource pool. Actuarial resources are in great demand, and the new option can help to find new ways for the actuarial profession to deliver services to growing insurance markets. The concessional fees for emerging market candidates is also very welcome."

Derek Cribb, chief executive of the IFoA, said: "The IFoA is delighted to see the World Bank endorse the Certified Actuarial Analyst (CAA) qualification. In addition to emerging markets such as countries in which the World Bank operates, the qualification is designed for people providing technical support in the UK and other developed markets, as well as high flyers who would find the qualification useful as they make their way early in their careers.

"We look forward to working alongside The World Bank to identify opportunities where actuarial science can make a difference and add real value to financial services markets anywhere in the world."

The qualification was first launched in 2014 and according to IFoA, it is "the world's first actuarial qualification targeted at technical support roles in financial services such as IT and data analytics".

This article appeared in our March 2015 issue of The Actuary.
Click here to view this issue
Filed in
03

You might also like...

Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

Latest Jobs

Catastrophe Modelling Analyst - London Market Broker

London, England
£40000 - £50000 per annum
Reference
145925

Senior Catastrophe Analyst

England, London
£65000 - £75000 per annum
Reference
145924

Life Actuary - Financial Reporting - Day Rate contract

Negotiable
Reference
145923
See all jobs »
 
 

Today's top reads

 
 

Sign up to our newsletter

News, jobs and updates

Sign up

Subscribe to The Actuary

Receive the print edition straight to your door

Subscribe
Spread-iPad-slantB-june.png

Topics

  • Data Science
  • Investment
  • Risk & ERM
  • Pensions
  • Environment
  • Soft skills
  • General Insurance
  • Regulation Standards
  • Health care
  • Technology
  • Reinsurance
  • Global
  • Life insurance
​
FOLLOW US
The Actuary on LinkedIn
@TheActuaryMag on Twitter
Facebook: The Actuary Magazine
CONTACT US
The Actuary
Tel: (+44) 020 7880 6200
​

IFoA

About IFoA
Become an actuary
IFoA Events
About membership

Information

Privacy Policy
Terms & Conditions
Cookie Policy
Think Green

Get in touch

Contact us
Advertise with us
Subscribe to The Actuary Magazine
Contribute

The Actuary Jobs

Actuarial job search
Pensions jobs
General insurance jobs
Solvency II jobs

© 2023 The Actuary. The Actuary is published on behalf of the Institute and Faculty of Actuaries by Redactive Publishing Limited. All rights reserved. Reproduction of any part is not allowed without written permission.

Redactive Media Group Ltd, 71-75 Shelton Street, London WC2H 9JQ