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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'.

Related documents

Contact Details

CERA Administrator

CERAUK@actuaries.org.uk

We aim to respond to all enquiries within five working days.

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E.g., 28/09/2020
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Events calendar

  • Autumn Lecture 2020: Professor Elroy Dimson

    Online webinar
    14 October 2020

    Spaces available

    Many individuals and institutions have a long-term focus, and invest funds for the benefit of future generations. Their strategy should reflect their long horizon. University endowments are one of the oldest classes of institutional investor, and I will present the first study of the management of these endowments over the very long term.

  • GIRO Conference 2020 Webinar Series

    Available to watch globally in November.
    02-13 November 2020
    Spaces available

    This year's GIRO has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the general insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's GI Online Learning Resource area.

  • Life Conference 2020 Webinar Series

    Online
    16 November 2020 - 27 November 2020

    Spaces available

    This year's Life Conference has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the life insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's website.

  • Spaces available

    The webinar will discuss the challenges and opportunities schemes face in evaluating end game options, choosing a target state and understanding the impact this strategic decision could have on member outcomes long after the “end state” is reached. Adolfo, Kevin and Rhian bring over 60 years of experience in the industry and a variety of perspectives as scheme actuary, covenant adviser, trustee, de-risking adviser and insurer.

  • Spaces available

    Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements.

  • Spaces available

    The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report.