Certified Enterprise Risk Actuary (CERA)
The CERA Enterprise Risk Management credential is the most comprehensive and globally-recognized Enterprise Risk Management (ERM) qualification. In November 2009, 14 actuarial education organizations from around the world agreed to collaborate to develop and administer a new qualification in ERM, the Certified Enterprise Risk Actuary (CERA). The CERA qualification is a technically strong business focused qualification. It provides risk professionals with strong qualitative and quantitative insights to ERM that drive better business decisions.
The CERA Global Association (CGA) grants actuarial organizations the right to award the global CERA qualification to individual actuaries who have satisfied the requisite education and training requirements set out in the CERA Global Treaty. The DAV is a founding member of CGA and an award signatory for CERA.
In order to become a CERA it is necessary to be a member of DAV in the first place and afterwards attend the seminars and pass the exams of the following four modules
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Module A: Quantitative Methods of ERM,
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Module B: Classification, Modelling and Transfer of Risks,
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Module C: ERM processes and
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Module D: ERM – Economic Capital.
For further information on the CERA qualification please visit the
CERA global website.
The qualification is based on the 
CERA Examination Regulations 2.1, which entered into force on 1 January 2019 and are valid for all applicants who register for the examination from this date.
A registration form for the additional CERA qualification can be found here:
Application for the additional CERA qualification
The European Actuarial Academy (EAA) offers a series of training courses and exams through DAV to study for the CERA designation to all actuaries, who want to deepen their knowledge in ERM. Find more information under
"Events" / "EAA" and on the
EAA website.