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#11
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Carol Marler, "Just My Opinion" Pluto is no longer a planet and I am no longer an actuary. Please take my opinions as non-actuarial. My latest favorite quotes, updated Nov. 20, 2018. Spoiler: |
#12
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![]() The intent described above was repeated over and over during the introduction of the CERA. I found this SOA ppt in the first 15 seconds of searching on google. I expect I could find 10 additional SOA sources.
http://www.actuaries.org/PRESIDENTS/...in/Robbins.pdf Slide #2: "Society of Actuaries (SOA) identified the need for a new credential to demonstrate enterprise risk management competence in the traditional and broader financial services marketplace"
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Da svidaniya! Last edited by ElPatron; 08-20-2018 at 11:29 AM.. |
#13
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![]() As someone who was on the SOA Board (for 9 years) during the development of the CERA designation, I can say with certainty that the goal was to qualify actuaries for risk-management positions outside of the usual insurance domain. I don't believe that the goal has been achieved, but I haven't really seen any data on that.
Bruce |
#14
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![]() It would be a bit silly to expect CERA to have significance within the actuarial industry when requirements are nearly the same as ASA. The difference is one additional exam, which shares half of its syllabus with a required FSA exam.
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Da svidaniya! |
#16
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The greatest risk management decision in history was when PG pulled every container of Tylenol off the shelves after one incident of product tampering was discovered. An actuary faced with the situation would try to estimate a loss from not doing it relative to the cost of doing it. This was what was done in probably the worst risk management decision in history dealing with Ford Pintos exploding from rear end collisions. |
#17
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#18
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I raised this point before a few years ago in General as well. |
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asa, cera, fsa, maaa |
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