The qualification, which the Profession has now awarded to 108 actuaries, recognises ‘exceptional thought leaders’ in the field of enterprise risk management worldwide. It is designed to help actuaries to fulfil roles such as chief risk officer in fields such as insurance, reinsurance, and healthcare.
It was first issued by the Profession in 2010 to actuaries who had passed its own ERM qualification. However, earlier this year the international CERA Board, which developed the CERA qualification, gave special permission for it to also be awarded by the Profession to a small number of actuaries who have demonstrated significant levels of experience and expertise in the field of ERM.
The 10 actuaries who are set to receive the award include: Neil Cantle (principal and consulting actuary, Milliman); Seamus Creedon (consulting actuary and non-executive director); Dean Dwonczyk (chief actuary, Catalina Holdings); Andrew Hitchcox (chief risk officer, Kiln); Malcolm Kemp (managing director, Nematrian and adjunct professor, Imperial College London); Colin Ledlie (group chief risk officer, Standard Life); Kathryn Morgan (policy implementation manager, Financial Services Authority); Paul Sweeting (managing director, JP Morgan Asset Management and professor of actuarial science, University of Kent); Elliot Varnell (consulting actuary, Milliman); and Colin Wilson (technical director and head of investment & risk, Government Actuary’s Department).
Philip Scott, president of the Institute and Faculty of Actuaries said the award recognised the major contribution made by recipients both thought leadership in ERM and their commitment to embedding the approach within industry practice.
‘There are now 108 CERA qualified actuaries working in a wide variety of roles. From regulators and consultants to insurers and asset managers, the CERA qualification is proving an invaluable asset to actuaries as they apply their skill-sets to new challenges,’ he added.
‘Our new ERM thought leaders will act as ambassadors for both ERM and the CERA qualification, impressing on both actuaries and the wider business community the value of the qualification.’