Enterprise and Risk Management

The aim of Enterprise Risk Management Specialist Principles (SP9) is to introduce students to the key principles of enterprise risk management – that is, the management of risk in the context of an enterprise as a whole.

Enterprise Risk Management Specialist Principles (SP9) assesses candidates’ understanding and application of the risk management tools used in businesses. Comprising of core reading and reference textbooks it forms an essential part of the qualification process for students wishing to attain the Chartered Enterprise Risk Actuary (CERA) status and is a key qualification for actuaries wishing to develop their skills in risk management.

Enterprise Risk Management Specialist Principles (SP9)

Specialist Principles

Enterprise Risk Management Specialist Principles (SP9) covers both qualitative and quantitative aspects of risk management and looks not just at the treatment of individual risks, but also at how these risks are aggregated. It also analyses the frameworks within which risks are managed. It should be of interest to those working in risk functions and other modelling roles.

Enterprise Risk Management Specialist Principles (SP9) core reading is available from the IFoA E-Shop or our tuition provider ActEd (BPP).

From September 2021, an additional 5 minutes has been added to each paper to allow for candidates to download or print, if required, their exam paper.

Resources for SP9

Past papers and examiners reports for SP9

SP9 Syllabus for 2024 exams (PDF, 97 KB)

SP9 Syllabus for 2025 exams (PDF, 120 KB)

Enterprise Risk Management Specialist Principles (SP9) core reading

Exam format: 3 hours and 20 minutes computer-based exam (Word)

Recommended study hours: 200 hours