Seminar on ‘Actuary’s Role in Enterprise Risk Management’

Monday, 25 October 2010 06:08 - - {{hitsCtrl.values.hits}}

The Actuarial Association of Sri Lanka (AASL) will be organising a one day seminar on ‘The Actuary’s Role in Enterprise Risk Management’ on 26 October 2010 at Eagle Room, Waters Edge, Battaramulla.

The main objective of the seminar will be to introduce the actuarial qualification of Chartered Enterprise Risk Analyst (CERA) to the financial industry in Sri Lanka. This seminar will cover the techniques used in ERM around the world and how it will affect the Insurance Industry in Sri Lanka, through the new regulatory requirements to be introduced in the country. It will be an ideal forum to communicate the necessary criteria for developing an ERM practice in an organisation, as well as to address the importance the role of chief risk officer.

This seminar is a must for all risk professionals, actuarial professionals and senior management of financial institutions in the country.

Eminent actuaries from around the globe will be speaking at this event covering many diverse and timely topics. There will be sessions on ‘ERM in the New World – Post Financial Crisis and New Regulatory Frameworks,’ ‘How Will ERM Evolve in Asia Over Time?’, ‘Risk Governance and Role of the Chief Risk Officer,’ ‘Financial Risk Faced by Insurers,’ ‘Important Aspects of ERM which Relate to Different Regulatory Requirements around the Globe’ and ‘Assets Liability Management with ERM Approach,’ to name a few.

An actuary is a financial mathematician who studies past experiences with the aid of mathematical and statistical tools and financial theory to study uncertain future events and estimate future trends. Actuaries work in Life and General Insurance, Pensions, Investments, Healthcare, Risk Management, etc.

It is considered the number one profession in many countries. With ample career opportunities available to actuaries worldwide, it is in effect a “passport” to working around the globe.

AASL is the only professional body formed in the island to promote and develop the actuarial profession in Sri Lanka. Please contact the Secretariat on +94 11 2461347 or 4461347 for further details.