EAA Seminar: «Web Session CERA, Module D: ERM – Economic Capital – European Actuarial Academy GmbH
Preliminary Programme
Tuesday, 17 February 2026
09:00 – 09:30 Overview of the EAA-route to the CERA designation (Frey, Wolf)
09:30 – 10:30 Risk measures (Wolf)
10:30 – 10:45  Break
10:45 – 11:30  Risk Measures (Wolf)
11:30 – 11:45 Break
11:45 – 12:30 Risk Measures and Exercises (Wolf)
12:30 – 13:30 Break
13:30 – 14:15  Exercises (Wolf)
14:15 – 15:15 Tails of distributions and Extreme value theory (Frey)

Wednesday, 18 February 2026
09:00 – 10.30  Multivariate Models and Copulas (Frey)
10:30 – 10:45 Break
10:45 – 11:30  Dependence Modelling and copulas (Frey)
11:30 – 11:45 Break
11:45 – 12:30  Dependence Modelling and exercises (Frey)
12:30 – 13:30 Break
13:30 – 15:00  Integrated Risk Management and exercises (Frey)

Thursday, 19 February 2026
09:00 – 10:30  Interest rates: products and models (Wolf)
10:30 – 10:45 Break
10:45 – 11:30  Interest-rate models (Wolf)
11:30 – 11:45 Break
11:45 – 12:30 Exercises (Wolf)
12:30 – 13:30 Break
13:30 – 15:15 Interest rate risk management (incl. exercises) (Wolf)

Friday, 20 February 2026
09:00 – 10:15  Credit risk: basics and modelling (Frey)
10:15 – 10:30  Break
10:30 – 11:30  Credit Risk modelling (Frey)
11:30 – 11:45 Break
11:45 – 12:30 Credit risk: modelling and management (Frey)
12:30 – 13:30 Break
13:30 – 14:30 Credit risk: special topics and exercises (Frey)

All times are given in CET (Central European Time).