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CAA Global Module-0 exam consists of two parts: Part A and Part B. Part A covers the basic concepts in economics and finance, including microeconomics, macroeconomics, financial mathematics, and financial markets. Part B covers the fundamental concepts in mathematics, including calculus, linear algebra, and probability theory. Module-0 exam is computer-based and consists of multiple-choice questions.
CAA Global Module-0 exam is administered by Pearson VUE, a leading provider of computer-based testing services. Module-0 exam is available at Pearson VUE test centers in more than 190 countries worldwide. Candidates can register for the exam online, and they can choose the date and location that is most convenient for them. Module-0 exam fee for the CAA Global Module-0 varies by country, and candidates are advised to check the IFoA website for the latest fee information.
CAA Global Module-0 certification exam is a rigorous and comprehensive examination that evaluates the candidate's knowledge and understanding of the actuarial science concepts. Module-0 exam is designed to test the candidate's proficiency in the areas of mathematics, statistics, finance, economics, and accounting. Module-0 exam consists of two parts, with each part consisting of 75 multiple-choice questions. Module-0 exam is computer-based and is administered in a secure environment to ensure the integrity of the certification.
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The Certified Actuarial Analyst (CAA) qualification is an internationally recognized program that provides students with the necessary skills and knowledge to succeed in the actuarial field. The CAA Global Module-0 serves as an entry exam into the program, testing candidates' foundational understanding of mathematics, statistics, and business concepts.
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| Section | Weight | Objectives |
|---|---|---|
| Financial Mathematics Basics | 20% | - Interest rates and discounting - Time value of money - Annuities and perpetuities - Basic investment and cash flow concepts |
| Fundamental Mathematics | 30% | - Mathematical constants and standard functions - Numerical methods - Sequences and series - Algebra, equations and inequalities - Differential and integral calculus |
| Probability and Statistics | 40% | - Measures of location, dispersion and correlation - Data presentation and analysis - Statistical inference and hypothesis testing - Basic probability theory - Discrete and continuous probability distributions |
| Introduction to Actuarial Concepts | 10% | - Overview of actuarial work and risk management - Basic actuarial applications |
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