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Chartered Enterprise Risk Actuary (CERA)

Chartered Enterprise Risk Actuary (CERA) – the global risk management credential for the future

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The CERA credential provides risk professionals with strong ERM knowledge that drives better business decisions applied in finance and insurance and well beyond. Professional, ethical and trusted, with impeccable standards and integrity, a professional with the CERA credential is able to communicate effectively ideas with leadership and is qualified to play varying roles within an organisation, from risk manager to Chief Risk Officer and more.

Members of the IFoA can obtain the CERA credential if they:

  • become an Associate, including having a pass or exemption from CP2 and CP3, or
  • become a Fellow.

You will also need to:

  • pass, or be exempt from, the SP9  (Enterprise Risk Management) exam, and
  • attend a CERA seminar (this is for those passing the SP9 exam after 1 September 2012, or who were granted an exemption after 30 January 2013).  The seminar will enable you to investigate and discuss more practical applications of enterprise risk management.

Before you can attend the CERA seminar you will need to have passed, or been granted an exemption from, the SP9 exam. You do not need to have completed all the other exams yet.

An exemption from SP9 may be granted if you have successfully completed an:

  • MSc in Actuarial Management at Heriot-Watt University
  • MSc in Applied Actuarial Science from the University of Kent

The process to receive the CERA designation is as follows:

  • pass, or be exempt from, the SP9 (Enterprise Risk Management) exam
  • attend a CERA seminar
  • complete an application form for the designation and return it to the Partnership Executive
  • the Partnership Executive will contact you to confirm that you have, and can use, the CERA designation.

Members of other CERA accredited associations should contact their own association to find out how to obtain the qualification

To find out how CERA can enhance your career opportunities, vist the CERA Global website.

To learn how to get into Enterprise Risk Management (ERM), have a look at the risk management practice area of the website, in particular the pages on 'how to get into ERM'.

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CERA Administrator

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Events calendar

  • The Growth Mindset for Actuaries

    13 October 2021 - 8 December 2021

    Fully booked.

    This practical course is aimed at actuaries at any stage of their career who want to develop their own growth mindset and apply it to their work setting and personal or professional lifelong learning. The content of the course builds on the lecture given by Dr Helen Wright on Growth Mindset as part of the President’s 2021 Lecture series, and will be delivered over a period of 2 months, from mid-October to early December.

  • Spaces available

    The importance of biodiversity for finance, business and policy is being increasingly recognised. While many studies highlight the overall economic impact that biodiversity loss could have, it is much more difficult to quantify and understand the particular impact that is may have on individual businesses or communities. The management and measurement of these risks is a field where actuaries are well placed to contribute.

  • Spaces available

    The climate crisis and the degradation of our planet will affect societies everywhere. How we address these threats will require solutions that transcend borders. As a global profession, the actuarial community is well-placed to consider and propose effective risk management solutions to help manage the climate crisis.

  • GIRO 2021 Webinar Series

    8 November 2021 - 19 November 2021
    Spaces available

    Join leading experts to discuss key issues, emerging ideas and new research across the general insurance sector.

  • Spaces available

    This is a free webinar with an expert panel providing their views on the ongoing IFoA consultation for proposals regarding changes to the regulatory framework on climate change and sustainability.

    The regulatory consultation sets out, for feedback some proposed approaches that the IFoA are considering in relation to charter commitments under the UK’s Green Finance Education Charter (GFEC) and the regulatory framework, including the Actuaries’ Code.

  • Life 2021 Webinar Series

    22 November 2021 - 26 November 2021
    Spaces available

    Join leading experts to discuss key issues, emerging ideas, and new research across the Life insurance sector.

  • Spaces available

    Content will be aimed at all actuaries looking to understand the issues surrounding mental health in insurance and in particular those looking to ensure products and processes widen access for, and are most useful to, those experiencing periods of poor mental health.