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Please note that the early-bird discount
for modules C+D will expire
shortly! |
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CERA, Module C:
"Processes in ERM"
An interview with Dorothea
Diers |
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Dorothea, you are chairing the CERA
module C. Why is this web session so
exceptional?
This web session deals with the challenges of implementing
ERM Processes in practice. We include many discussions of best
practices with the participants, present numerous proposals and
give examples for implementing an effective risk
management.
Which aspects do you address in the
case studies?
We present and discuss examples from practice, eg. how to
define an organisation's risk strategy, risk appetite, risk
tolerances and limits, and of course 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. We give examples how financial and
other risks influence the selection of strategy, and we show how
ERM can be appropriately imbedded in an entity's strategic planning
and discuss the Own Risk and Solvency Assessment.
Why should actuaries attend this web
session?
We show many different aspects of ERM and which important
role they play in Value and Risk Based Management. As actuaries in
risk management we often are focused on quantitative aspects of
measuring risks. In this web session, we learn how to combine
quantitative and qualitative risk management. In many discussions
we work out how ERM capabilities can add value for our business and
enhance business performance. Each company has defined its own way
to implement ERM. We speak about the different priorities and
aspects. So the lecturers as well as the participants get new
insights and can profit from the intensive discussions during the
training. |
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CERA, Module D:
"ERM - Economic Capital"
An interview with Ralph
Schuster |
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Ralph, you are chairing the CERA module
D and are one of the keynote speakers. What do you consider to be
special about your web session?
We take up many topics from the other trainings and view
them in the context of practical corporate management. All our
lectures invite you to discuss and share your view on the topics
and they essentially live on practical examples from everybody's
experience. In this spirit, we have also integrated various case
studies into the web session.
Which topics do you cover in your case
studies?
We conduct a workshop on emerging risks that investigates
the impact of a changing environment - such as for example an
increasingly complex digital network - on a company's risk
situation and its profit expectations. In addition to that, we also
have a broader case study from the life insurance side. Here, we
discuss the impact of different steering strategies. Participants
will explore a life insurance portfolio in more detail, understand
its mechanisms and the limits of common key performance
indicators.
What personally inspires you about the
topic of this module?
I do find it fascinating how many different aspects converge
in the topic of corporate management. As actuaries in the risk
management, we are naturally focused on the risk aspect of things.
However, of course, profit also plays a major role in corporate
management. Each company sets the focus differently between these
priorities, which often leads to very interesting impulses and
discussions. These discussions are encouraged by the small groups
at the web session and they certainly broaden our view as trainers
as well. |
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