SOA ERMEnterprise Risk Management (CERA / FSA cross-track)

Fellowship (FSA)

4 hours·8–10 written-answer questions·≈400 study hours

Score 0/0 · 5 MC

ERM · Q1
Written answer
ERM framework, governance, risk appetite
Distinguish risk appetite, risk tolerance and risk limits, and give an example of each for a mid-sized commercial casualty insurer.
ERM · Q2
Written answer
ERM framework, governance, risk appetite
List the components typically found in a well-constructed risk appetite statement and explain why each is necessary for the statement to be operational rather than aspirational.