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| Certification Vendor: | Institute and Faculty of Actuaries (IFoA) |
|---|---|
| Exam Name: | Module 0 - Entry Exam |
| Exam Number: | IFoA_CAA_M0 |
| Exam Format: | Computer-based, Multiple-choice questions |
| Available Languages: | English |
| Passing Score: | Approx 55%–65% (variable, set by IFoA) |
| Certificate Validity Period: | Valid for lifetime toward CAA progression |
| Related Certifications: | IFoA CAA Qualification |
| Exam Duration: | 90 minutes |
| Exam Price: | £165–£250 / ~$210–$320 USD (subject to change) |
| Real Exam Qty: | 50–65 |
| Recommended Training: | IFoA CAA Study Resources |
| Exam Registration: | IFoA Official Registration |
| Sample Questions: | ![]() |
| Exam Way: | Online proctored or in-person at authorized test centers |
| Pre Condition: | No mandatory prerequisites; basic mathematics/statistics background recommended |
| Official Syllabus URL: | https://actuaries.org.uk/qualifications/certified-actuarial-analyst/module-0-entry-exam |
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Financial Mathematics | 25% | - Discounted cash flow analysis - Present and future value calculations - Annuities, loans, and bond valuation - Time value of money and interest rates |
| Topic 2: Actuarial Mathematics and Applications | 50% | - Risk models and uncertainty - Life tables and survival models - Pension fund concepts - Insurance premiums and reserves |
| Topic 3: Probability and Statistics | 25% | - Regression analysis and data interpretation - Statistical inference, confidence intervals, hypothesis testing - Discrete and continuous probability distributions - Basic probability concepts and rules |
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IFoA points candidates toward these official training options:
Combine a course that fits your schedule with regular question practice for the steadiest progress.
IFoA sets the following prerequisites for the IFoA Module 0 - Entry: No mandatory prerequisites; basic mathematics/statistics background recommended.
Confirm the current requirements on the official certification page before booking.
The IFoA Module 0 - Entry blueprint is organized into these main domains:
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According to the latest exam information, the IFoA_CAA_M0 exam contains 50–65 questions and runs for 90 minutes minutes. Timing yourself during practice sessions is a smart habit — pacing problems sink more candidates than knowledge gaps.
At present, the passing score for the IFoA_CAA_M0 exam is Approx 55%–65% (variable, set by IFoA) and the registration fee is £165–£250 / ~$210–$320 USD (subject to change). Both figures are set by IFoA and can change, so double-check them on the official site when you register.
An individual purchases a share in a company at a price of GBP45. Six months later he sells the share for GBP39.
Calculate the percentage change in the value of the share over the six month period, correct to one decimal place.
Correct Answer: D 🗳️
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.A.
The derivative of f with respect to either one of its variables or two of its variables, the other two variables or the third variable being treated as constant, respectively.
B.The derivative of f with respect to one of its variables only, the other two variables being treated as constant.
C.The derivative of f with respect to two of its variables, the third variable being treated as constant.
D.The derivative of f with respect to all three of its variables.
Correct Answer:
B
An insurance company sells policies where, for each policy, the policyholder pays the first GBP50 of the cost of any claim. A claim reported to the insurance company takes some unknown value GBPx.
Identify which of the mathematical expressions below represents the cost in GBP to the insurance company of the claim.
Correct Answer: B 🗳️
State what the limit of a function with input variable x represents.
Correct Answer: A 🗳️
The variable s can take values between 2 and 6.
Identify which of the inequalities shown can be satisfied by at least one value of s.
Correct Answer: B 🗳️
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