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 interact...