Why earn the Associate in Risk Management designation?
• 75 percent of ARM designees said completing the program resulted in faster career progression.
• 70 percent of completers received a promotion within two years of earning the designation.
• More than 80 percent of ARM designees agreed that completing the program helped them prepare for their current job responsibilities.
• 87 percent of program completers attributed earning the designation with helping them prepare for their long-term career goals.
“During my years in management, I have found that the most successful employees invest their time in insurance-specific education. Whether it is CPCU, AU, AIM or ARM, a high-quality employee continues his or her education. These employees are the ones that get noticed and are at the front of the line for promotions.″
Diana Van Horn, CPCU, CIC, CRM
REVISED! Associate in Risk Management (ARM) Associate in Risk Management for Public Entities (ARM-P) Associate in Risk Management-ERM (ARM-E)
A Risk Management Solution Available in Print and Online
To be an effective risk manager, you need to develop the skills that are vital to effectively controlling, assessing, and financing risk. The Institutes’ Associate in Risk Management program helps you enhance your risk management skills by teaching you how to build and implement a balanced risk financing strategy using retention, transfer, and hybrids.
Passing the required ARM exams earns the Associate in Risk Management designation. Passing the Risk Management for Public Entities (RMPE 352) course, in addition to the ARM courses listed below, earns the Associate in Risk Management for Public Entities (ARM-P) designation.
Passing the Enterprise-Wide Risk Management: Developing and Implementing (ERM 57) course, in addition to the ARM courses listed below, earns the Associate in Risk Management-ERM (ARM-E) designation. Passing only the ERM 57 course earns a certificate of completion.
Ethics requirement. The Institutes believe ethical decision making skills are essential to the practice of insurance. All designation program participants must complete either Ethical Guidelines for Insurance Professionals (for all programs except CPCU) or the CPCU program’s Ethics and the CPCU Code of Professional Conduct. Both online modules are free. Learn more and register now.
The following courses are required to earn the Associate in Risk Management (ARM) designation:
ARM 54—Risk Management Principles and Practices Risk Management Standards and Guidelines; Hazard, Operational, Financial, and Strategic Risk; Risk Identification, Analysis, and Treatment; Financial Statement Risk Analysis; Capital Investment
ARM 55—Risk Assessment and Treatment Risk Assessment and Treatment; Root Cause Analysis; Business Continuity Management; Intellectual Property, Reputation, Legal, and Regulatory Risk; Management Liability; Environmental, Crime, Cyber, and Fleet Risk
ARM 56—Risk Financing Risk Financing; Estimating and Transferring Hazard Risk; Self-Insurance Plans; Retrospective Rating Plans; Reinsurance; Captive Insurance; Contractual Risk Transfer; Transferring Financial and Hazard Risk
The Associate in Risk Management program consists of the three courses listed below:
All three Associate in Risk Management courses are presented in print and online in a segmented format that breaks each course into three portions.
Both the online version of ARM and the text-based study materials for these courses present the same material. Regardless of study method (online or text-based), ARM exams can be taken either as full-length course exams or as three or four segmented exams per course. Starting January 2013, all ARM courses will consist of three segmented exams.
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The Institutes’ courses and programs are dynamic. To provide industry professionals with the knowledge needed to drive powerful business results, The Institutes continuously review and revise technical content and delivery methods based on current industry needs and practices. Therefore, course topics, program requirements, and pricing are subject to change at any time. Our Web site contains the latest course and program information.