Associate in Risk Management (ARM™)

Associate in Risk Management for Public Entities (ARM-P™)

Revised! Associate in Risk Management-ERM (ARM-E™)

With multiple specialty focuses to choose from, ARM is the premier designation for all risk management professionals.

This Program Is Recommended For

• Agents
• Brokers
• Agency principals
• Line of business managers and executives
• Risk managers
• Underwriters
• Municipal managers and executives
• Public entity risk managers
• School board executives
• Chief risk officers
• Executives concerned with risk
• Risk management consultants
• Commercial lines underwriting professionals
• Client executives in brokerage firms

Course Levels

• Intermediate
• Advanced

Completion Time Frame

Complete the program in as little as 9-15 months.

Course Requirements

• Program completion consists of completing the three ARM foundation courses.
• Earn ARM-P by completing the three ARM foundation courses and RMPE 352.
• Earn ARM-E by completing the three ARM foundation courses and ERM 57.
• Complete Ethics 311 or 312.

Course Sequence

It is best to take ARM 54 prior to taking ARM 55 and ARM 56.

Program Requirements

Education

To earn the ARM designation, you must pass three foundation courses. You can also earn the Associate in Risk Management for Public Entities (ARM-P) and the Associate in Risk Management-ERM (ARM-E) by passing the three ARM foundation courses plus an additional course for each program.

ARM Foundation Courses

ARM 54 Risk Management Principles and Practices

Understand risk management principles and practices.

Topics Covered

ARM 54 Segment A Topics:

• Introduction to risk management
• Risk management standards and guidelines
• Hazard risk
• Operational, financial, and strategic risk

ARM 54 Segment B Topics:

• Risk management framework and process
• Risk identification
• Risk analysis
• Risk treatment

ARM 54 Segment C Topics:

• Financial statement risk analysis
• Capital investment and financial risk
• Monitoring and reporting on risk

Course Level

Intermediate

Suggested Self-Study Time

5-7 weeks

Price: $ 388.00

ARM 55 Risk Assessment and Treatment

Learn how to effectively assess and treat risks.

Topics Covered

ARM 55 Segment A Topics:

• Introduction to risk assessment and treatment
• Root cause analysis
• Business continuity management
• Physical property risk

ARM 55 Segment B Topics:

• Intellectual property and reputation risk
• Legal and regulatory risk
• Management liability
• Human resource risk

ARM 55 Segment C Topics:

• Environmental risk
• Crime and cyber risk
• Fleet risk

Course Level

Intermediate

Suggested Self-Study Time

5-7 weeks

Price: $ 388.00

ARM 56 Risk Financing

Understand the various types of risk financing techniques.

Topics Covered

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

Advanced

Suggested Self-Study Time

5-7 weeks

Price: $ 388.00

ARM-P Course

RMPE 352 Risk Management for Public Entities

Understand public entity risk management.

Topics Covered

• What’s special about public entity risk management
• Public sector risk management administration
• Exposure identification and analysis for public entities
• Distinctive liability exposures of public entities
• Public entity risk control
• Claim and litigation management for public entities
• Planning risk financing sources for public entities
• Pooling for public entity risk financing
• Establishing public entity risk management programs
• Public sector disaster planning/emergency response

Course Level

Advanced

Suggested Self-Study Time

5-7 weeks

Price: $ 355.00

ARM-E Course

ERM 57 Enterprise Risk Management

Gain knowledge of risk management and enterprise risk management principles and practices

Topics Covered

ERM 57 Segment A Topics:

• Introduction to enterprise risk management
• Enterprise risk management in an organization
• ERM framework and process
• Risk oversight

ERM 57 Segment B Topics:

• Strategic planning and ERM
• Risk-based performance and process management
• Internal audit and control
• Regulation and compliance

ERM 57 Segment C Topics:

• Risk assessment and treatment
• Risk modeling
• Risk-based capital allocation
• Risk management environment and culture

Course Level

Advanced

Suggested Self-Study Time

7-9 weeks

Price: $ 688.00

Ethics

To satisfy the Ethics requirement, you must pass one of the following, 50-question online exams:
• Ethics 311 Ethical Guidelines for Insurance Professionals - Please note this course does
not count as credit towards the CPCU designation
• Ethics 312 Ethics and the CPCU Code of Professional Conduct

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