EAA - European Actuarial Academy

 

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Newsletter on CERA
Interview with the Speakers

2/2021

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Are you interested in the CERA trainings offered by the European Actuarial Academy and would you like to benefit from the content in your daily work? Read our interviews with speakers from the CERA modules to gain an impression of the most relevant content and the practical approach.

Please note that the early-bird discount for modules C+D will expire shortly!  

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CERA, Module C:
"Processes in ERM"

An interview with Dorothea Diers 

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Dorothea, you are chairing the CERA module C. Why is this web session so exceptional?
This web session deals with the challenges of implementing ERM Processes in practice. We include many discussions of best practices with the participants, present numerous proposals and give examples for implementing an effective risk management.

Which aspects do you address in the case studies?
We present and discuss examples from practice, eg. how to define an organisation’s risk strategy, risk appetite, risk tolerances and limits, and of course 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. We give examples how financial and other risks influence the selection of strategy, and we show how ERM can be appropriately imbedded in an entity’s strategic planning and discuss the Own Risk and Solvency Assessment.

Why should actuaries attend this web session?
We show many different aspects of ERM and which important role they play in Value and Risk Based Management. As actuaries in risk management we often are focused on quantitative aspects of measuring risks. In this web session, we learn how to combine quantitative and qualitative risk management. In many discussions we work out how ERM capabilities can add value for our business and enhance business performance. Each company has defined its own way to implement ERM. We speak about the different priorities and aspects. So the lecturers as well as the participants get new insights and can profit from the intensive discussions during the training.

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CERA, Module D:
"ERM - Economic Capital"

An interview with Ralph Schuster 

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Ralph, you are chairing the CERA module D and are one of the keynote speakers. What do you consider to be special about your web session?
We take up many topics from the other trainings and view them in the context of practical corporate management. All our lectures invite you to discuss and share your view on the topics and they essentially live on practical examples from everybody’s experience. In this spirit, we have also integrated various case studies into the web session.
 
Which topics do you cover in your case studies?
We conduct a workshop on emerging risks that investigates the impact of a changing environment – such as for example an increasingly complex digital network – on a company’s risk situation and its profit expectations. In addition to that, we also have a broader case study from the life insurance side. Here, we discuss the impact of different steering strategies. Participants will explore a life insurance portfolio in more detail, understand its mechanisms and the limits of common key performance indicators.
 
What personally inspires you about the topic of this module?
I do find it fascinating how many different aspects converge in the topic of corporate management. As actuaries in the risk management, we are naturally focused on the risk aspect of things. However, of course, profit also plays a major role in corporate management. Each company sets the focus differently between these priorities, which often leads to very interesting impulses and discussions. These discussions are encouraged by the small groups at the web session and they certainly broaden our view as trainers as well.

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Web Sessions in 2021

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Web Session CERA, Module C: Processes in ERM
12/13 April 2021
Early-bird discount for bookings by 1 March! 
further details

Web Session CERA, Module D: ERM – Economic Capital
14/15 April 2021
Early-bird discount for bookings by 3 March! 
further details

Web Session CERA, Module B: Taxonomy, Modelling and Mitigation of Risks
27 September - 1 October 2021
further details

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CERA Exams

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28 May 2021 | 9:00-12:00
Exam for CERA Module A

29 May 2021 | 9:00-12:00
Exam for CERA Module C

29 May 2021 | 14:00-17:00
Exam for CERA Module D

29 October 2021 | 9:00-12:00
Exam for CERA Module B

further details

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