CERA Module C: Processes in ERM
Organised by the EAA – European Actuarial Academy GmbH in cooperation with the Instituto de Actuarios Españoles.
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 seminar we present case studies to discuss the main subjects.
The seminar is open to anybody who is interested in obtaining comprehensive skills on Enterprise Risk Management.
During this seminar, you will not need your laptop.
Purpose and Nature
This seminar 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.
The Instituto de Actuarios Españoles is Award Signatory of the CERA Global Association so that an actuary who passes this course (the four modules) may receive the CERA credential.
The language of the seminar will be English. The exam will be in German or English (to be chosen on site).
Julian is a manager within the financial services organization of EY, based in Frankfurt. He has more than 13 years of experience in the insurance industry. As Solvency II project leader, Julian successfully implemented Solvency II at a German life insurance company. He used to work in the risk management department where he developed, in close cooperation with the company’s actuaries, the risk management system for adherence with the requirements set out by the Solvency II regime. In addition, he established and lead through various ORSA processes. Additionally, he has gained extensive experiences during internal audits on the systems of governance and risk management systems of various insurance companies. In 2015 he got his MBA degree as well as a university certificate as risk manager. Julian fluently speaks German, English, and Dutch.
Since April 2014 Andreas Schlögl is working in Milan for Assicuazioni Generali SpA. First as the Head of Group Non-Life UW Risk Management responsible for all the Group Non-Life Underwriting Risk Capital Models, Catastrophe Risk Management and Business Support, secondly as Risk Officer for the Business Segment “Global Business Lines” with the responsibility for the Risk Management of the Global Corporate Lines in P&C, Life and Health. Since November 2018 he acts as the Chief Risk Officer for the “International” Region with the responsibility for the Risk Management in more than 20 countries in Southern Europe, Switzerland, Americas and Asia. Prior he used to work for a global consulting company and a large reinsurance company having a different set of responsibilities in Enterprise Risk Management methodology and processes. He holds a diploma in business mathematics from the University of Augsburg, is member of the DAV and holds the title as CERA. He acts as a lecturer for DAV and EAA for CERA and acted in various trainings for ORSA and Internal Models.
Monday, 01 April 2019
08:45 – 09:00 – Registration
09:00 – Welcome & Introduction
09:00 – 10:30 – Block 1 – Basics of Risk Management & Block 2 – Measuring Risk Using the Standard Formula or Internal Models
10:30 – 11:00 – Coffee Break
11:00 – 12:00 – Block 3 – Basics of Risk Profile and Risk-bearing Capacity Concept & Block 4 – Risk Strategy
12:00 – 13:00 – Block 5 – Risk-bearing Capacity Concept and Limit System I
13:00 – 14:00 – Lunch
14:00 – 15:00 – Block 5 – Risk-bearing Capacity Concept and Limit System II
15:00 – 15:30 – Coffee Break
15:30 – 17:00 – Block 5 – Risk-bearing Capacity Concept and Limit System III
Tuesday, 02 April 2019
09:00 – 11:00 – Block 6 – Internal Controls within Risk Management & Block 7 – Communication of Risk Measurement and Risk Management I
11:00 – 11:30 – Coffee Break
11:30 – 13:00 – Block 7 – Communication of Risk Measurement and Risk Management II
13:00 – 14:00 – Lunch
14:00 – 15:00 – Block 7 – Communication of Risk Measurement and Risk Management III
15:00 – 15:30 – Coffee Break
15:30 – 17:00 – Block 8 – Case Study: Feldafinger Brandkasse
Fees & registration
Fee: Fee for this CERA seminar module: 850.00 € plus 21 % VAT
Hotel H10 Puerta de Alcalá. (C/ Alcalá, 66, Madrid)
The IAE recognizes 12 hours of CPD (technical scheme)