As both the CERA exams in October 2020 and the CERA module B in September will be held online, the EAA is pleased to be able to offer the CERA module 0 as a web training in December, too.
We would be happy to welcome you online at our web Session “CERA, 0: A Refresher Course in Financial Mathematics&Risk Measurement” on 10/11 December 2020, 9:00-15:45 CET. This online session serves a double purpose: On the one hand, it is a bridging course designed to prepare actuaries with a more qualitative background for the quantitative parts of the CERA education. On the other hand, it is an independent refresher course for actuaries wanting to brush up their quantitative skills in the fields of financial mathematics and risk measurement.
The web session gives an introduction to modern financial mathematics, derivative pricing and risk measurement. It is designed to prepare actuaries without adequate training in these fields for the quantitative parts of the CERA education. The online training is moreover an ideal learning opportunity for actuaries who want to get acquainted with or refresh their knowledge in these highly relevant fields.
The web session begins with a repetition of basic concepts in probability theory including characteristics of random variables such as moments and quantiles. In this context we will also introduce important distribution-based risk measures such as VaR and Expected shortfall. In order to prepare the analysis of dynamic financial models we introduce the idea of conditional expectations, we discuss stochastic processes in discrete time. The session continues with an introduction to financial mathematics. We study risk neutral valuation and the hedging of derivatives in discrete-time models. The last part of the web session is devoted an introduction to financial mathematics in continuous time. Topics covered include stochastic processes in continuous time such as Brownian motion and the Ito formula, the Black Scholes model and the pricing and hedging of simple stock and bond options. The online seminar consists of lectures interspersed by short exercise sessions.
Your early-bird registration fee is € 450.00 plus 16 % VAT until 10 October 2020. After this date the fee will be € 520.00 plus 16 % VAT.
Please do not hesitate to contact us if you have any questions.