Continuing Professional Development (CPD) Policy

  1. All Ordinary, Affiliate and Associate Members of the Caribbean Actuarial Association are required to do Continuing Professional Development. This requirement became effective January 1, 2010.
  2. The Caribbean Actuarial Association’s requirements for Continuing Professional Development (CPD) by its Members are the same as the requirements for Continuing Professional Development of the professional body through which the Member attained full qualification as an Actuary or through which the Member has pursued or is pursuing actuarial examinations, or which the Executive Council has approved. Members who are Category 3, partially regulated members, of the Institute and Faculty of Actuaries (IFoA) must comply with the CPD requirements applicable to Category 2 members of the IFoA.
  3. The professional bodies recognized by the Caribbean Actuarial Association (CAA) for the purposes of meeting the CPD requirements are:
    • The Institute and Faculty of Actuaries (IFoA)
    • The Society of Actuaries
    • The Canadian Institute of Actuaries
    • The Institute of Actuaries of Australia
    • The American Academy of Actuaries
    • The Casualty Actuarial Society
    • het Actuarieel Genootschap
    • Any other actuarial association which is a fully qualified member of the International Actuarial Association and approved by the Board of Directors.
  4. Ordinary, Affiliate and Associate Members must attest annually to their compliance with the CAA CPD Requirement over the past two calendar years. A CPD year is a calendar year. Members attest that they meet the CAA CPD Requirement using one or more of the CPD requirements for the recognized professional bodies.
  5. Attestation is by electronic means via the Member section of the CAA website www.caa.com.bb/Members/Attestation. On-line attestation must be completed between January 1 and July 31 of each year.
  6. Members of an approved professional body having a CPD year ending before December 31 of the calendar year of attestation (August 31 for IFoA members, for example) are to attest by July 31 of the following calendar year having completed their CPD requirements at an earlier month during the calendar year of attestation.
  7. Members who do not attest compliance by July 31 are assumed to be "non-compliant", will have their status automatically changed to “Non-compliant”, and must meet the terms of non-compliance as set out in the CPD Requirements for the professional body they have chosen to comply with.

 

 

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

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