Capital Management Actuary (ERM)
2 sequenced courses
CFE 101
Enterprise Risk Management ▼
- The candidate will understand the fundamentals of ERM and be able to apply them considering both the internal and external environments.
- The candidate will understand the types of risks faced by an entity and be able to identify and analyze these risks.
- The candidate will understand how to embed ERM into decision-making for an organization.
CFE 201
Corporate Finance ▼
- The candidate will understand how an organization optimizes its corporate finance decisions based on its business objectives.
- The candidate will understand how to gauge an organization’s performance through an evaluation of its financial reports.
- The candidate will understand how managerial accounting and operational processes impact an organization’s performance evaluation and decision making.
- The candidate will understand the application of evolving quantitative methods and technologies that help to manage the business.
2 additional courses
Choose two additional courses from the options below as your third and fourth courses to complete this pathway.
ILA 101
Pricing and Introduction to Valuation and Risk Management ▼
- Individual Life and Annuity Product Design and Pricing: The candidate will understand the designs of the common Life and Annuity products and their associated features and inherent risks, and the methods to design and price these products.
- Assumption Development and Experience Studies: The candidate will understand different types of actuarial assumptions and how experience studies are designed and used for evaluating past experience and for setting assumptions.
- Product Management: The candidate will understand common issues and practices related to Product Management.
- Introduction to Life and Annuity Valuation Concepts: The candidate will understand common valuation and capital techniques used in US, Canadian, and international regulatory frameworks.
- Introduction to Assets and Managing Risk: The candidate will understand various techniques for addressing the mitigation of risk within a life insurance and annuity context.
CP 311
Strategic Management ▼
- The candidate will understand and apply strategic management concepts and frameworks to develop an organization’s business strategies and solutions.
- The candidate will understand how sustainable growth and value can be created through strategic budgeting.
- The candidate will also understand measures of an organization’s value and their uses in decision making.
- The candidate will understand how to apply decision making models to general managerial decisions within specified constraints.
- The candidate will understand the role of organizational behavior play in organizational decision-making and efficacy.
CP 341
Advanced Life Reinsurance ▼
- Assumes knowledge from ILA 101
- Types of Reinsurance Arrangements and Methods: The candidate will understand different types of traditional and advanced reinsurance transactions for life insurance.
- Transferring Risk: The candidate will understand the fundamentals of risk transfer between two counterparties.
- Key Accounting and Regulatory Considerations: The candidate will understand regulatory frameworks for reinsurance transactions across US, Canadian, and global jurisdictions.
CP 351
Asset Liability Management ▼
- The candidate will understand the objectives of Asset Liability Management (ALM).
- The candidate will understand the risk drivers of assets and liabilities.
- The candidate will understand and be able to apply tools and strategies of ALM.