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Risk Financing

Risk Financing
ARM 56
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Understand the various types of risk financing techniques. 


ARM 56 Segment A Topics:

  • Introduction to risk financing
  • Estimating hazard risk
  • Transferring hazard risk through insurance
  • Self-insurance plans

ARM 56 Segment B Topics:

  • Retrospective rating plans
  • Reinsurance
  • Captive insurance
  • Contractual risk transfer

ARM 56 Segment C Topics:

  • Transferring financial risk
  • Transferring hazard risk to the capital markets
  • Allocating costs of managing hazard risk

Course Level


Suggested Self-Study Time

5-7 weeks


French— Study materials must be ordered through The Institutes’ Customer Service.

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Bottom-Line Benefits

Understand the various types of risk financing techniques. 

Effectively apply best practices to your everyday work.

Make smarter business decisions by learning to design and implement retention, transfer and hybrid risk financing techniques.

Confidently handle complex risk financing programs.

Expand your ability to handle complex needs with technical knowledge of loss forecasting techniques and alternative risk transfer (ART) programs.

Enhance your earning potential.

Show you are committed to your organization’s success by developing its financial flexibility through an advanced knowledge of how to transfer risk to the capital markets.

"... It’s impossible to gain work experience in a short amount of time; you simply have to put in the time. But with learning the material from ARM’s segmented exams, you can put yourself at an advantage by improving your awareness of key risk concepts and techniques in manageable chunks of time..."


Samit Shah, ARM

Information Management Analyst

Zurich Insurance Company


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