Beyond Boundaries: How CERA Shapes the Future of Actuaries

The CERA designation was first introduced in 2007 in the U.S. by the Society of Actuaries (SOA) as an actuarial qualification in Enterprise Risk Management (ERM). In 2009, 14 actuarial associations worldwide established the CERA Global Association (CGA) and signed a treaty to launch CERA (Chartered Enterprise Risk Actuary) as a globally recognized credential. Today, the CGA counts 25 Award Signatories among its members, and more than 7,500 CERAs, about 10% of qualified actuaries around the world, are active in over 70 countries, including most of the countries of Europe.

This lecture will be presented by two prominent board members of the CERA Global Association, who represent AAE member associations. The focus of this presentation will be on the added value of the CERA designation for actuarial professionals, with a rapidly changing world, in which new risks are constantly being identified and technology is developing rapidly. 

The CGA has conducted a survey of CERA holders to assess the current situation and will also present short pre-recorded video messages from CERAs in various European countries discussing the practical impact of holding the CERA credential.

The CGA Board members will provide updates on the status of actuaries working in ERM in their respective countries. They will also discuss both the challenges of further expanding the reach of the CERA designation and the broader goal envisioned at its creation: enabling actuaries, grounded in ERM, to play an active role not only in the traditional fields of insurance and pensions but also in the so-called “Wider Fields,” covering a broad range of social and economic domains for the benefit of the public.