The ARM program is designed for individuals whose careers involve in a cost-effective manner with exposures to accidental losses. Receiving any of these designations demonstrates a commitment to professional development and recognizes educational efforts.
Upon completion of this program, individuals should be able to:
Identify and evaluate loss exposures.
Analyze possible alternative risk control and risk financing techniques for each exposure.
Select the most effective of these alternatives.
Implement and monitor these selected risk controls and risk financing techniques.
The Associate in Risk Management Program (ARM) consists of three courses, ARM 54, ARM 55 and ARM 56, each consisting of 13 weekly assignments.
To earn the ARM designation, individuals must pass three Insurance Institute of America examinations. Passing the ARM 55 or ARM 56 Examination will satisfy the CPCU 10/Related Studies Requirement of the revised CPCU curriculum.
To register for the online ARM program, click here. Should IIABNJ host classroom programs, it will be posted here.
ARM 54-Essentials of Risk Management
A focus on the first two steps of the risk management decision-making process: identifying and analyzing the loss exposure, and developing alternative techniques for treating each exposure.
ARM 55 - Essentials of Risk Control
A focus on the last three steps of the risk management process: selecting appropriate risk control techniques, and monitoring the results for effective control and coordination of the organization's total risk management effort.
ARM 56 - Essentials of Risk Financing
Completion of the risk management decision-making process with respect to risks financing techniques. Attention is directed primarily to risk retention, including use of captive insurers, and commercial insurance.