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CERA seminars are your gateway to mastering Enterprise Risk
Management. We offer four comprehensive training courses and exams
endorsed by DAV, as well as a preparation course, for actuaries
looking to deepen their ERM knowledge and earn the globally
recognized CERA credential. Join us at CERA seminars, where we pave
the way for ERM excellence and shape the future of your actuarial
expertise!
Web Session CERA, Module 0: A Refresher Course in
Financial Mathematics & Risk Measurement
27/28 November 2023
The web session 'A Refresher Course in Financial Mathematics &
Risk Measurement' gives an introduction to modern financial
mathematics and derivative pricing. It is designed to prepare
actuaries without adequate training in these fields for the
quantitative parts of the CERA education. The web session is
moreover an ideal learning opportunity for actuaries who want to
become acquainted with or refresh their knowledge in these highly
relevant fields.
The online course begins with a repetition of basic concepts in
probability theory, including characteristics of random variables
such as moments and quantiles. In order to prepare the analysis of
dynamic financial models we introduce the idea of conditional
expectations and we discuss stochastic processes in discrete time.
The online session continues with an introduction to financial
mathematics. We study risk neutral valuation and the hedging of
derivatives in discrete-time models. The last part of the web
session is devoted to an introduction to financial mathematics in
continuous time. Topics covered include stochastic processes in
continuous time such as Brownian motion and the Ito formula, the
Black Scholes model and the pricing and hedging of simple stock and
bond options. The web session consists of lectures interspersed by
short exercise sessions where participants can apply the
probabilistic techniques hands-on.
Your early-bird registration fee is € 540.00 plus 19% VAT for
registrations by 16 October 2023. After this date, the fee will be
€ 600.00 plus 19% VAT.
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