The Web Session ‘Processes in ERM’
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.
Preliminary Programme
Thursday, 25 February 2027
09.00 – 10.30 Block 1 – SFCR: Risk profile and governance
10.30 – 11.00 Break
11.00 – 12.30 Block 1 – SFCR: Risk profile and governance
12.30 – 13.30 Break
13.30 – 15.00 Block 2 – Risk management processes and organisation
15.00 – 15.30 Break
15.30 – 17.00 Block 2 – Risk management processes and organisation
Friday, 26 February 2027
08.30 – 10.00 Block 3 – Risk management standards: Principles and stakeholders
10.00 – 10.30 Break
10.30 – 12.00 Block 3 – Risk management standards: Principles and stakeholders
12.00 – 13.00 Break
13.00 – 14.45 Block 4 – Own Risk and Solvency Assessment (ORSA): Elements, methods, processes
14.45 – 15.15 Break
15.15 – 17.00 Block 4 – Own Risk and Solvency Assessment (ORSA): Elements, methods, processes
All the above times are given in CET (Central European Time).
Learning Objectives & Approach
This web session is one part in a course that consists of four modules. They can be booked as a whole series to fulfil the requirements for receiving the CERA designation, or individually as CPD training. Written exams on the course are offered subsequently.
Please contact your actuarial association regarding the recognition of the (online) trainings and the exams. The national association has to be at least Acceding Party of the CERA Global Association so that an actuary who passes this course may receive the CERA credential. Please visit www.ceraglobal.org to get information if your association is entitled to issue the CERA designation.
Fees & Registration Details
Early Bird Registration Fee (until 14 January 2027):
- For private customers in the EU: €650.00 + VAT of the billing country (example Germany: €773.50 incl. 19% VAT)
- For private customers outside the EU: €773.50 (incl. 19% VAT)
- For businesses within the EU (excl. Germany, with valid VAT ID): €650.00 (net, reverse charge applies)
- For businesses in Germany: €773.50 (incl. 19% VAT)
Regular Registration Fee (from 15 January 2027):
- For private customers in the EU: €720.00 + VAT of the billing country (example Germany: €856.80 incl. 19% VAT)
- For private customers outside the EU: €856.80 (incl. 19% VAT)
- For businesses within the EU (excl. Germany, with valid VAT ID): €720.00 (net, reverse charge applies)
- For businesses in Germany: €856.80 (incl. 19% VAT)
Important VAT Information:
- For private customers with a billing address in an EU country: VAT will be charged at the applicable rate in the country of the billing address. The final amount, including VAT, will be calculated upon invoicing.
- For customers with a non-EU (third country) billing address: Only a non-company billing address is accepted for VAT compliance reasons. 19% VAT applies to all non-EU private customers.
- For businesses within the EU (excluding Germany), Iceland, Liechtenstein, Norway, Switzerland, and the UK with a valid VAT ID: The reverse charge mechanism applies (net price; VAT will not be charged). Please ensure your valid VAT ID is entered correctly during registration.
- For all customers with a billing address in Germany: 19% VAT applies.
Please submit your registration using our online form below. Closer to the event, you will receive further login details to join the web session.
Your registration is binding. Cancellation is only possible up to 4 weeks before the first day of the event. If you cancel later, the full participation fee is due. You may appoint someone to take your place but must notify us in advance. EAA has the right to cancel the event if the minimum number of participants is not reached.
We will send you an invoice via email. Please allow a few days for handling. Please always give your invoice number when you effect payment. All bank charges are to be borne by the participant.
Registration is open until two working days before the web session. If registration has already been closed for this web session, please call us or send an email to [email protected] in order to find out whether a late registration is still possible.