CERA Education

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 Web Session ‘ERM – Economic Capital’

The present training is concerned with the question of economic capital in corporate management.

Key aspects are:

• economic valuation and performance
• economic steering 
• key performance indicators
• value based management

A simplified case study for a life insurer shows in a nutshell the central aspects of corporate management in practice. The course consists of lectures and workshops. Participants are encouraged to bring their own topics to discussion.

The web session is open to anybody who is interested in obtaining comprehensive skills on Enterprise Risk Management. The web session is suitable for actuaries who deal with the issue of corporate control from a risk management perspective.

Technical Requirements
Please check with your IT department if your firewall and computer settings support web session participation. The programme Zoom will be used. Please also make sure that you are joining the web session with a stable internet connection.

This web session 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 (online) 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.

The language of the web session will be English. The exams will be, by your preference, in German or English. Please choose the language during the booking process. The exams are also available in Spanish for the members of the Instituto de Actuarios Españoles (Spanish Institute of Actuaries).

Dr Anja Blatter
Anja Blatter is a professor for quantitative methods in finance. She teaches courses in predictive analytics and quantitative risk management. Prior to her professorship, Anja was employed by Munich Re. She served as a Senior Actuary in the Life Risk Management unit. Moreover, she is experienced in risk modelling and biometric studies. She is a member of the German Actuarial Association, with a background in mathematics and economics from the University of Ulm and a PhD in financial mathematics from Karlsruhe Institute of Technology.

Dr Elena Fink
Elena Fink is an actuarial consultant at Deloitte. She develops projection models for valuation and risk measurement in Life insurance with a special focus on economic scenarios and market risk. Elena studied mathematics at Bonn University and holds a PhD in mathematics from the University of Paderborn.

Dr Benedikt Funke
Benedikt Funke is a professor of risk management at the Institute for Insurance Studies at the Cologne University of Applied Sciences, where he leads the research group for financial and actuarial risk management. He teaches courses in risk management, statistics and data science. During his professional career, he has worked as an actuary in the risk management department of a primary insurer and for an actuarial consultancy specialising in P&C. In these roles, he has gained extensive knowledge in the regulatory modelling of non-life risks. He is a member of the German Actuarial Association, studied mathematics at the University of Cologne and holds a PhD in mathematics from the Technical University of Dortmund.

Dr Markus Scholz
Markus Scholz is Head of Investment Risk Management at Allianz Lebensversicherungs-AG. Prior positions include team leader in the area of corporate pensions schemes, project manager for an IT decommissioning project and executive assistant to board member responsible for product development and private clients. He is a member of the German Actuarial Association Markus holds a PhD and diploma from the Karlsruher Institute of Technology.