CERA credential - Is it worth the effort?

[Mike McLaughlin]

By the way several other actuarial bodies are looking into an international ERM credential. The Institute (UK), Faculty (Scotland), Inst. of Australia, CIA, South Africa and I believe Mexico, are working together with the International Actuarial Association. The Casualty Society and the SOA are also involved and supportive subject to further evolution of the concepts. This is just a brief summary, but there are 2 working parties, one working on recognition and the other on syllabus, with a long-term goal of creating an international credential. So the idea of an ERM credential is gaining wide acceptance among actuarial organizations.

[silverfox]

Could the designation gain greater acceptance if it was a completely different path from the ASA/FSA designations as opposed to a point that is merely a step along the way (almost). It makes me think of how people get their CPCU and then get their AIAF designation because so much overlap with the CPCU exams. And then it's just two more exams for another designation.

[JMO]

Originally Posted by campbell

So.... if someone were to be applying for the CERA via the Experienced Practitioner's Pathway, would it be advisable for said person to address Doug Brooks, Tom Herget, Carl Hess, Max Rudolph, Sudha Shenoy and Kathy Wong by name?

Perhaps it would be less risky to label it "To the CERA review committee members:"

I think it would be preferable to use the second formulation. Committee membership changes from time to time.

[bdschobel]

Just send your application to the SOA office. The staff does some preliminary screening.

Bruce

[JustASix]

Is there any update on allowing CAS members to apply for the Experienced Practitioner's Pathway? I am not qualified, but I know a couple people that may be and would be interested in applying if they were allowed.

[bdschobel]

They are now. This was approved by the Board last week. We'll post the news within a few days on the web site,

Bruce

[JustASix]

Originally Posted by bdschobel

They are now. This was approved by the Board last week. We'll post the news within a few days on the web site,

Bruce

Excellent, thank you.

[Nonpareil]

Originally Posted by bdschobel

Just send your application to the SOA office. The staff does some preliminary screening.

Bruce

Since, as you say, CERA does not have "actuary" in the title, is the SOA willing to consider non-actuary risk management professionals for the "Experienced Practitioner's Pathway?"

[bdschobel]

No. EPP participants must already be members of the SOA or CAS.

Bruce

[Nonpareil]

Originally Posted by bdschobel

No. EPP participants must already be members of the SOA or CAS.

Bruce

IMO, you will have a hard time achieving your stated objective, i.e., "We want the best enterprise-risk managers, who already use techniques that are fundamentally actuarial, to become part of the actuary family. We're targeting perhaps the best 10%," with that approach. The best ERM practitioners are using sophisticated mathematical methods and modeling techniques, many of the same ones that actuaries use, but they aren't necessarily actuaries, and many are not familiar with the term "actuary." I'm all for the credential, mind you, but by targeting only people who are already associates or fellows of the SOA or CAS, I don't see how you are bringing anyone into "the actuary family" who is not already a member. Just sayin'