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? Join our CERA modules in 2023!
Web Session CERA, Module C: Processes in ERM 20/21 March 2023
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 will discuss how business strategy influences risk strategy and show their necessary interaction. Additionally, we will demonstrate the close relationship between ERM and Value and Risk Based Management and show how financial and other risks influence the selection of strategy. In this web session, we will show how ERM can be appropriately imbedded in an entity’s strategic planning and discuss the Own Risk and Solvency Assessment. We will 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 will give an overview of the different reports and the main contents. Further we willl show examples of communication processes in the context of ERM. During the web session, we will present case studies to discuss the main subjects. Please note that the early-bird discount will expire on 6 February 2023!
Web Session CERA, Module D: ERM – Economic Capital 22/23 March 2023
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. Please note that the early-bird discount will expire on 8 February 2023!
