Part II: Risk Classification, Measuring & Modelling
March 18^th to 20^th, 2010 | Frankfurt/Main / Germany

Enterprise Risk Management has become more and more important in the financial market. Actuarial education is already offering basic knowledge in risk management. This knowledge should be extended to a comprehensive risk management that integrates the economic background as well as the principal techniques used in risk management.

In some jurisdictions special credentials have been defined to reflect the actuary’s evolution from understanding risk to active risk management in a broader sense. Due to the initiative of the Society of Actuaries (USA), the Chartered Enterprise Risk Analyst (CERA) designation is now applicable for actuaries all over the world. In order to foster this idea, fourteen Actuarial Associations recently signed a Global Recognition Treaty for CERA credentials responding to new defined international standards for ERM.

Participants who attend all four seminars and pass the following examination will get an EAA Certificate for successful participation. In designing these seminars, the EAA made every effort to adhere to the standards of the Global ERM Designation Recognition Treaty (CERA-Treaty). Nevertheless the EAA wants to point out that the EAA Certificate is not a CERA-Designation and the EAA curriculum for ERM has not been reviewed and formally approved by the CERA Treaty Board.

This EAA Course on ERM will be offered for the first time in 2010 and will focus on practical knowledge needed in managing a comprehensive risk management.