Associate in Risk Management (ARM) Designation

To be an effective risk manager, you need to develop the skills that are vital to effectively controlling, assessing, and financing risk. The Associate in Risk Management (ARM) 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.

ARM helps employees to:

  • Enhance contribution to organization's value by acquiring skills needed to develop effective and thorough risk assessments.
  • Increase participation in risk control programs through  better understanding of staff motivation.
  • Support the organization's overall financial goals by learning to build and implement a balanced risk financing strategy using retention, transfer, and hybrids.

We recommend ARM for: Agents/brokers, agency principals, line of business managers and executives, risk managers, and operational risk staff for banks and insurers.

 

Exam Preparation

The Associate in Risk Management program consists of the three courses listed below: 
(It is best to take ARM 54 prior to taking ARM 55 or ARM 56)

ARM 54-Risk Management Principles and Practices

Topics: Introduction to risk management; Risk management standards and guidelines; Hazard risk; Operational, financial, and strategic risk; Risk management framework and process; Risk identification, analysis, and treatment; Financial statement risk analysis; Capital investment and financial risk; Monitoring and reporting on risk.

Purchase study materials for ARM 54
(RIMS Members enjoy a 10% discount - use code: RIMS 12)

ARM 55-Risk Assessment and Treatment

Topics: Introduction to risk assessment and treatment; Root cause analysis; Business continuity management; Physical property risk; Intellectual property and reputation risk; Legal and regulatory risk; Management liability; Human resource risk; Environmental risk; Crime and cyber risk; Fleet risk.

Purchase study materials for ARM 55
(RIMS Members enjoy a 10% discount - use code: RIMS 12)

ARM 56-Risk Financing

Topics: Introduction to risk financing; Estimating hazard risk; Transferring hazard risk through insurance; Self-insurance plans; Retrospective rating plans; Reinsurance; Captive insurance; Contractual risk transfer; Transferring financial risk; Transferring hazard risk to the capital markets; Allocating costs of managing hazard risk.

Purchase study materials for ARM 56
(RIMS Members enjoy a 10% discount - use code: RIMS 12)

 

Exam Registration

To obtain the study materials and register for the exams and for more information, please contact IIA at 800.644.2101 or visit their website at www.aicpcu.org.

ARM Exams are given during four 2-month-long testing windows: 

  • January 15 - March 15
  • April 15 - June 15
  • July 15 - September 15
  • October 15 - December 15

 

Other ARM Designations

  • Associate in Risk Management - ERM (ARM-E)
  • Associate in Risk Management for Public Entities (ARM-P)