Qualification Pathway
United Kingdom — Fellowship: Specialist Principles
Enterprise Risk Management Specialist Principles (SP9) Exam
Learn the principles of enterprise risk management, the IFoA subject that leads to the CERA credential.
Learning Objectives
5 objectives
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Explain the concept and framework of enterprise risk management (ERM) and its process.
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Identify risk categories and risks.
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Model and aggregate risks and measure and assess them.
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Use risk management tools and techniques.
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Manage capital, including calculation and allocation.
Programme Outline
7 topics
1
ERM Concept and Framework
The principal terms and the framework of ERM.
2
ERM Process
The ERM process, including risk appetite, capacity and tolerances.
3
Risk Categories and Identification
Categorising and identifying risks.
4
Risk Modelling and Aggregation of Risks
Modelling and aggregating risks, including copulas and extreme value theory.
5
Risk Measurement and Assessment
Risk measures such as value at risk and expected shortfall.
6
Risk Management Tools and Techniques
The tools and techniques used to manage risk.
7
Capital Management
Capital calculation and allocation.
Hands-On Resources
Missed a live session? Catch up here.
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Recorded Lectures
Every live session is recorded and available within 24 hours.
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Case Study Library
Real-world actuarial science case studies used throughout the course.
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Practice Question Bank
Exam-style questions with full worked solutions.
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Qualification Pathway
26 examinations
1
United Kingdom — Core Principles
Actuarial Statistics (CS1) Exam
£2,100.00
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2
United Kingdom — Core Principles
Risk Modelling and Survival Analysis (CS2) Exam
£2,100.00
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3
United Kingdom — Core Principles
Actuarial Mathematics for Modelling (CM1) Exam
£2,100.00
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4
United Kingdom — Core Principles
Economic Modelling (CM2) Exam
£2,100.00
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5
United Kingdom — Core Principles
Business Finance (CB1) Exam
£2,100.00
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6
United Kingdom — Core Principles
Business Economics (CB2) Exam
£2,100.00
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7
United Kingdom — Core Principles
Business Management (CB3) Assessment
£2,100.00
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8
United Kingdom — Core Practices
Actuarial Practice (CP1) Exam
£2,500.00
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9
United Kingdom — Core Practices
Modelling Practice (CP2) Exam
£2,500.00
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10
United Kingdom — Core Practices
Communications Practice (CP3) Exam
£2,500.00
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11
United Kingdom — Fellowship: Specialist Principles
Health and Care Principles (SP1) Exam
£2,900.00
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12
United Kingdom — Fellowship: Specialist Principles
Life Insurance Principles (SP2) Exam
£2,900.00
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13
United Kingdom — Fellowship: Specialist Principles
Pensions and Other Benefits Principles (SP4) Exam
£2,900.00
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14
United Kingdom — Fellowship: Specialist Principles
Investment and Finance Principles (SP5) Exam
£2,900.00
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15
United Kingdom — Fellowship: Specialist Principles
Financial Derivatives Principles (SP6) Exam
£2,900.00
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16
United Kingdom — Fellowship: Specialist Principles
General Insurance Reserving and Capital Modelling Principles (SP7) Exam
£2,900.00
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17
United Kingdom — Fellowship: Specialist Principles
General Insurance Pricing Principles (SP8) Exam
£2,900.00
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18
United Kingdom — Fellowship: Specialist Principles
Enterprise Risk Management Specialist Principles (SP9) Exam
£2,900.00
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19
United Kingdom — Fellowship: Specialist Principles
Banking Principles (SP10)
£2,900.00
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20
United Kingdom — Fellowship: Specialist Advanced
Health and Care Advanced (SA1) Exam
£3,400.00
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21
United Kingdom — Fellowship: Specialist Advanced
Life Insurance Advanced (SA2) Exam
£3,400.00
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22
United Kingdom — Fellowship: Specialist Advanced
General Insurance Advanced (SA3) Exam
£3,400.00
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23
United Kingdom — Fellowship: Specialist Advanced
Pensions and Other Benefits Advanced (SA4) Exam
£3,400.00
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24
United Kingdom — Fellowship: Specialist Advanced
Investment and Finance Advanced (SA7) Exam
£3,400.00
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25
United Kingdom — Fellowship: Specialist Advanced
Banking Advanced (SA10)
£3,400.00
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26
United Kingdom — Fellowship: Specialist Advanced
Research Route Dissertation (SA0)
£3,400.00
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