Casualty Actuarial Society

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CAS Recognized as CERA Award Signatory

10/05/2011 —

I am pleased to announce that the CAS has been recognized as an award signatory and may begin to award the new Chartered Enterprise Risk Analyst (CERA) credential, with unanimous support from the CERA Treaty Board. The Treaty Board met on October 1 in conjunction with the IAA Council and Committee meetings in Zagreb, Croatia.

With this recognition, we can now focus on implementing our CERA credentialing program. We are working to mobilize the appropriate CAS committees to move forward with the next steps for offering members the ability to meet our CERA requirements.

As announced in August, the CAS requirements to qualify for the CERA designation include CAS Associateship requirements plus credit for CAS Exams 7 and 9, or attainment of the CAS Fellowship designation, plus participation in a rigorous three-day seminar and successful completion of the U.K. ST-9 Enterprise Risk Management Specialist Technical Exam (ST-9 exam).

The three-day seminar will cover the ERM learning objectives tested in the ST-9 exam, and is intended to prepare candidates for successful completion of the exam. We expect to offer the seminar for the first time in March 2012, in advance of the April 2012 ST-9 exam sitting. More details will be announced as soon as they are available.

In addition to the exam/seminar pathway, the CAS will continue to develop a second path, called the Experienced Practitioners Pathway (EPP), that will allow the CAS to award the CERA designation to existing members who are leading practitioners and who are considered, by virtue of their experience, to have demonstrated a level of knowledge and understanding of ERM comparable to that achieved by other designees. The CAS is seeking approval of such a program now that it has been granted CERA award signatory status. Again, we will release more details on the EPP process when they are available.

Our recognition to award the CERA designation and our eventual credentialing of CAS members will help strengthen the standing of qualified CAS members in the field of risk management. More information about the CERA credential can be found on the global CERA web site.

Ralph Blanchard
CAS President

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