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Chartered Enterprise Risk Actuary (CERA)

The Chartered Enterprise Risk Management (CERA) credential is the most comprehensive and rigorous globally-recognised Enterprise Risk Management (ERM) designation

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The CERA Global Association (CGA) grants actuarial organisations the right to award the global CERA qualification to individual actuaries who have satisfied the requisite education and training requirements set out in the CERA Global Treaty

As a signatory of the CERA Global Treaty, the Institute and Faculty of Actuaries (IFoA) can award the CERA qualification to suitably qualified members of the IFoA.

The CERA qualification provides risk professionals with strong ERM knowledge that drives better business decisions

Professional, ethical and trusted, with impeccable standards and integrity, a professional with the CERA qualification is able to effectively communicate 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 qualification if they:

  • become an Associate, including having a pass or exemption from CA2 and CA3/CP3, or
  • become a Fellow (or have completed the exams required for Fellowship)

You will also need to:

  • pass, or be exempt from, the ST9 (Enterprise Risk Management) exam, and
  • attend a CERA seminar (this is for those passing the ST9 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 ST9 exam. You do not need to have completed all the other exams yet.

An exemption from ST9 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
  • MSc in Actuarial Finance from Imperial College Business School.

The process to receive the CERA designation is as follows:

  • pass, or be exempt from, the ST9 (Enterprise Risk Management) exam
  • attend a CERA seminar
  • complete an application form for the designation and return it to the CERA Administrator
  • the CERA Administrator 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, go to the CERA Global website.

Related documents

Contact Details

CERA Administrator

CERAUK@actuaries.org.uk

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