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The Caribbean Actuarial Association (CAA) was officially formed in Jamaica in December 1991. Its birth represented the culmination of the efforts of a number of actuaries who worked in the Caribbean region. Their aim was to create an actuarial body that would have issues of concern to the region as its primary focus.  The CAA’s Constitution was adopted on December 3, 1993.

The main objective of the CAA is to encourage and support the development of actuarial science in the Caribbean. Association also strives to maintain the high standards and image of the actuarial profession. 

To further these objectives, the Association has developed a Code of Conduct, a Disciplinary Process and Standards of Practice for Pension Scheme Actuarial Valuation Reports and the Prudential Supervision of Long-Term Insurance Business.  The Association is currently developing new Standards of Practice in the areas of Pensions, Social Security and Property and Casualty Insurance.

Membership is open to all persons who live and work in the Caribbean region and have an interest in actuarial matters.

The Association's main forum is its annual conference, which is usually held on the first Wednesday to Friday in December.

The CAA became a Full Member of the International Actuarial Association (IAA) in December 2008.