9/10 Mar 2020 in Barcelona
CERA, Module C: Processes in ERM
The European Actuarial Academy is one of the main providers of actuarial education – especially when it comes to Enterprise Risk Management (ERM). The concept of ERM has gained significant momentum in the insurance industry and beyond.
We offer a series of four training courses and exams (through DAV) to all actuaries who want to deepen their knowledge in Enterprise Risk Management and gain the international ERM-credential CERA. The defining characteristics of the CERA-credential as offered by the European Actuarial Academy are:
• Provides the most comprehensive and rigorous training in ERM• Is a fast-growing globally-recognised credential• Combines a range of business and professional skills with the mathematics of finance and risk• Equips risk management professionals to empower better business decisions and more profitable business development• Has a wide range of applications in insurance and finance, and well beyond• Is supported by actuarial associations worldwide• Is recognised and transferable internationally• Has a rigorous and advanced curriculum underpinned by actuarial science, with an emphasis on ERM and professionalism• Offers career choices outside the traditional actuarial markets
The Seminar ‘Processes in ERM’
This module deals with the challenges of implementing ERM Processes. It includes requirements on ERM Processes and the discussion of best practices. It will be presented how to define an organisation’s risk strategy, risk appetite, risk tolerances and limits. We discuss how business strategy influences risk strategy and show their necessary interaction. We demonstrate the close relationship between ERM and Value and Risk Based Management and show how financial and other risks influence the selection of strategy. We show how ERM can be appropriately imbedded in an entity’s strategic planning and discuss the Own Risk and Solvency Assessment. We present the application of an internal risk control process. In the context of ERM reports to different stakeholders are required (management, supervisory body, regulators, public disclosure). We give an overview of the different reports and the main contents. Further we show examples of communication processes in the context of ERM. During the seminar we present case studies to discuss the main subjects.Organised by the EAA - European Actuarial Academy GmbH in cooperation with the Collegi d’Actuaris de Catalunya.
The seminar is open to all persons who are interested in obtaining comprehensive skills on Enterprise Risk Management.
During this seminar, you will not need your laptop.
Purpose and Nature
This seminar is one part in a course that consists of four modules. They can be booked as a whole series to fulfil the requirements for receiving the CERA designation, or individually as CPD training. Written exams on the course are offered subsequently.
Please contact your actuarial association regarding the recognition of the seminars and the exams. The national association has to be at least Acceding Party of the CERA Global Association so that an actuary who passes this course may receive the CERA credential. Please visit www.ceraglobal.org to get information if your association is entitled to issue the CERA designation.
Venue & Accommodation
The seminar will take place at the
Sallés Hotel Pere IVCalle Pallars 128-13008018 Barcelona, SpainHotel website
We have arranged special prices for accommodation. A single room costs € 109 per night, including breakfast and VAT, but excluding city tax (€ 1.21 per person and day). This price is valid for bookings out of our allotment "EAA2020" by 14 February 2020. Please book your accommodation directly with the hotel by sending an email to firstname.lastname@example.org. Kindly book early, as our allotment includes a limited number of rooms, and note the hotel’s cancellation policy.
The CERA exams are organised by the Deutsche Aktuarvereinigung e. V. (German Association of Actuaries) in German and English.
For further information and exam registrations, please contact Tim Kampmann at
email@example.com. If this would be your first CERA exam, please kindly send a certificate confirming that you are a full member of your actuarial association via e-mail in addition.