Lake Mills Resident Joins the Next Generation of Business Leaders

Daniel Durow Earns the Society of Actuaries’ Most Comprehensive Enterprise Risk Management Credential


 


Lake Mills, Wis.. (June 2, 2008) – A local Lake Mills man is among the first actuaries to earn the Chartered Enterprise Risk Analyst (CERA) credential offered by the Society of Actuaries (SOA), an educational, research and professional organization.


 


In an ever-evolving global business arena, there is a growing demand for risk professionals who can provide smart, confident decisions for complex financial challenges. Durow, an assistant vice president and actuary at National Guardian Life Insurance Co., understood the need to take part in proven training methods that go beyond mathematics and financial engineering. Now, as a CERA, he is qualified for such positions as risk analyst, risk manger and chief risk officer in areas such as insurance, benefits, broader financial services and the energy, manufacturing, transportation and healthcare industries.


 


“Today, as new roles in enterprise risk management continue to grow, actuaries are becoming leaders in this practice,” said Bruce Schobel, president of the SOA. “Actuarial principles have traditionally helped the world understand risk, and the CERA credential signifies an evolution of the actuarial profession for the next generation.”


 


Professionals can obtain this international credential by completing a rigorous curriculum, which encompasses the most comprehensive demonstration of enterprise risk management (ERM) available. The new CERA credential stems from the same rigorous process through which actuaries earn their traditional credentials. 


 


To earn the new credential, CERA candidates like Durow successfully completed five examinations, as well as an educational module and professionalism course. This curriculum helped prepare the inaugural class for leadership in the identification, measurement and management of risk within complex, risk-bearing enterprises.  The program of study includes the following topics:



  • Probability

  • Financial Mathematics

  • Financial Economics

  • Micro and Macro Economics

  • Construction of Actuarial Models

  • Advanced Finance and Enterprise Risk Management

  • Financial Reporting and Operational Risk

  • Professionalism

 


-more-


 


Chartered Enterprise Risk Analyst (CERA) continued


 


 


The CERA marks the first new credential since the SOA’s founding. The original Fellow of the Society of Actuaries (FSA) and Associate of the Society of Actuaries (ASA) credentials were established in 1949. Completing the CERA curriculum takes an estimated three to four years, and successful candidates will also become Associates of the Society of Actuaries. More than 60 professionals are advancing their skill sets as the first to earn the CERA credential. For more information, visit www.CERAnalyst.org.


 


“Businesses that rely on CERAs can make smarter, more confident decisions,” Schobel said. “CERAs don’t merely ask what we can lose; they answer what we can gain. These professionals are best equipped to convert risk into opportunity.”


 


About Actuaries


Actuaries bring a complex future into focus by applying unique insight to risk and opportunity. Known for their comprehensive approach, actuaries enable smart, more confident decisions.


 


About the Society of Actuaries


The SOA is an educational, research and professional organization dedicated to serving the public and its 19,000 members. The SOA’s vision is for actuaries to be recognized as the leading professionals in the modeling and management of financial risk and contingent events. The SOA’s mission is to advance actuarial knowledge and to enhance the ability of actuaries to provide expert advice and relevant solutions for financial, business and societal problems involving uncertain future events. To learn more, visit www.soa.org.


 


 


 


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Stefanie Lynn Schumann


Account Executive


GolinHarris


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Chicago, IL 60601


11th Floor


w: 312.729.4430


f: 312.729.4014


m: 847.722.4144


SSchumann@golinharris.com


www.golinharris.com


 


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