News Update – July 9

An Important Message for All Students sitting SOA Exams

Dear Students,

In June 2020, the Society of Actuaries (S0A) announced that all examinations will be moving to a computer-based testing (CBT) approach beginning with the Fall 2020 exams.

We know that many of our actuarial students are SOA candidates and will be impacted by this change. The move to full CBT exacerbates the known problem of limited SOA exam centres available to candidates in the Caribbean. The only Prometric CBT centre within the CAA community is in Trinidad. The existing SOA paper-based locations are in Bahamas, Barbados, Bermuda and Jamaica.

The SOA is aware of the geographical challenges in the Caribbean and the specific issues that their recent decision to convert the majority of their exams to computer-based delivery from October 2020 will cause. The CAA has engaged the SOA and we will be working together towards a solution that ensures that Caribbean actuarial candidates are not disadvantaged.

We will aim to provide an update on our progress by the end of July 2020.

Regards,

Pedro Medford

CAA Board – Student Representative


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