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| Book
Your Spot for Upcoming CERA Seminars |
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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 our CERA seminars, where
we pave the way for ERM excellence and shape the future of your
actuarial expertise! |
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| CERA,
Module 0: A Refresher Course in Financial Mathematics & Risk
Measurement |
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This web session
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 (net) / 642.60 (incl.
VAT, if applicable) for registrations by 21 October 2024. After
this date, the fee will be € 600.00 (net) / 714.00 (incl. VAT, if
applicable). |
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| CERA,
Module C: Processes in ERM |
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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 web session we present case studies to discuss the main
subjects.
Your early-bird registration fee is € 650.00 (net) / 773.50 (incl.
VAT, if applicable) for registrations by 23 January 2025. After
this date, the fee will be € 720.00 (net) / 856.80 (incl. VAT, if
applicable). |
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| CERA,
Module A: Quantitative Methods of ERM |
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The 4-day web session
assists actuaries in broadening their knowledge about modern
quantitative financial and actuarial modelling; these topics form
an essential part of the CERA syllabus. At the beginning of the
online training we give a brief overview of the EAA-route to the
CERA designation. The core part of the web session begins with an
introduction to the modern theory of risk measures. Next, a number
of statistical techniques are discussed, that are highly relevant
for the analysis of actuarial and financial data and for the
model-building process in risk management. Among others, we will
consider extreme value theory, dependence modelling, copulas, and
various aspects of integrated risk management. The training
continues with an introduction to the modelling and the management
of interest rate and credit risk. In particular, participants will
learn how to price simple interest options or Credit Default
Swaps, how to account for counterparty risk and how to deal
with credit portfolio risk.
The web session consists of lectures and exercise sessions. In
fact, exercise sessions, where various exercises and supplementary
examples are discussed, form an integral part of the seminar: they
help the participants to understand the qualitative and
quantitative techniques introduced in the lectures, and they are a
key element in the preparation for the CERA exam.
Your early-bird registration fee is € 975.00 (net) / 1,160.25
(incl. VAT, if applicable) for registrations by 10 February 2025.
After this date, the fee will be € 1,080.00 (net) / 1,285.20 (incl.
VAT, if applicable). |
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| CERA,
Module D: ERM - Economic Capital |
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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.
Your early-bird registration fee is € 650.00 (net) / 773.50 (incl.
VAT, if applicable) for registrations by 18 February 2025. After
this date, the fee will be € 720.00 (net) / 856.80 (incl. VAT, if
applicable). |
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CERA Exam
Dates |
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12
October 2024 | 14:00-17:00 (CEST)
Exam for Module B: Taxonomy, Modelling and Mitigation of
Risks
Further exam dates for the modules in 2025 will be announced in
the second half of November 2024. |
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