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IFoA_CAA_M0 Exam Questions & Answers

Certified Actuarial Analyst  •  IFoA

64 Questions 90 min Updated Sep 2026 99% Pass Rate
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Sample IFoA_CAA_M0 Questions

Practice with real exam-style questions, each with the verified correct answer and explanation.

Q1 MultipleChoice

Calculate the sum of the followingnon-terminating progression:

2/10, 2/40, 2/160, 2/640,...

Correct Answer: C
Q2 MultipleChoice

A discrete random variable can only take the values 2,3,4 or 5. The probabilities associated with some of the outcomes are: P(X=2) = 0.2, P(X=3) = 0.3, P(X=5) = 0.1.

For a randomly drawn value of X, calculate P(X>3).

Correct Answer: C
Q3 MultipleChoice

The stem and leaf chart below shows the ages of all the pensioners in a small village.

Identify which of the following is not true.

Correct Answer: C
Q4 MultipleChoice

Consider a function f which has three variables, x1, x2 and x3.

Identify which of the following gives a correct definition of a partial derivative of the function f.

Correct Answer: B
Q5 MultipleChoice

The graph shows the frequency distribution of the age of people with a certain kind of insurance contract.

Describethe shape of the underlying data.

Correct Answer: A

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Frequently Asked Questions

Candidates must be at least 18 years old and typically should have completed secondary education or equivalent qualifications. Some employers may have additional requirements, but there are no formal actuarial prerequisites mandated by IFoA for entry into the CAA program.

The CAA certification consists of 15 modules divided into three levels: Certificate level (5 modules), Diploma level (5 modules), and Advanced Diploma level (5 modules). Candidates must complete all 15 modules to achieve full CAA certification.

Most candidates complete the CAA certification within 3-5 years, depending on their study pace and work commitments. The timeframe varies based on individual circumstances, prior knowledge, and whether studying part-time or full-time.

IFoA may grant exemptions from certain modules based on relevant qualifications, prior study, or professional experience. Candidates should check the IFoA website or contact them directly to determine if they qualify for any exemptions.

Candidates must achieve a score of 50% or above to pass each CAA module exam. Some modules may have different grading structures, so it's important to review the specific assessment criteria for each module.
Exam Details
  • Exam CodeIFoA_CAA_M0
  • VendorIFoA
  • Total Questions64
  • Duration90 min
  • LanguageEnglish
  • Last UpdatedSep 1, 2026
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