What is the Associate in Risk Management (ARM™ Insurance Designation)
The ARM™ Designation or Associate in Risk Management is one of the premier insurance designations of the property-casualty insurance industry.
This insurance designation is held distinguished employees of the insurance industry including risk managers, risk officers, risk advisers, insurance agents, brokers, and underwriters.
What Is Associate in Risk Management
An associate in risk management designation is a nationally recognized certification for risk management professionals. The ARM™ Designation is of the many insurance designations administered by the Insurance Institute of America. The ARM™ covers the science of risk management and provides designees with the necessary skills and understanding to avoid, reduce, and manage risk.
The Associate in Risk Management Designation (ARM™) is a certification for employees in the insurance and risk management industry. This proves to employers that the designee is trained and educated in risk management.
An ARM™ designation holder is competent in all topics of risk management including risk assessment, the risk management process, risk analysis, risk treatment, and risk mitigation. An Associate in Risk Management Designation holder is capable of making risk management decisions based on an organization’s exposure to loss.
This designation qualifies an individual to identify, assess, and control a company’s risk. These tasks are often performed by a risk manager.
About ARM™ Insurance Designation
The ARM™ is an insurance designation that focuses on all aspects of risk management. This designation covers a wide array of insurance topics including risk management, risk assessment, and risk treatment.
The ARM™ Designation is of the many insurance designations administered by the Insurance Institute of America. Unlike some of the longer insurance designations, the ARM™ designation is only three exams focusing on topics such as risk management principles, risk assessment, and risk financing.
You will earn your ARM™ certification after the completion of a series of three exams:
- ARM™ 400 – this exam covers the topics of general risk management principles.
- ARM™ 401 – this exam covers the topics of treating and assessing risk.
- ARM™ 402 – this exam covers the topics of financing risk.
To earn the ARM-P Certification, you must pass all three ARM™ exams and the RMPE™ 352 exam.
The RMPE™ 352 exam covers the topics of risk management, specifically risk management for a public entity.
To earn the ARM-E Certification, you must pass all three ARM™ exams and the ERM™ 57 exam.
The ERM™ 57 exam covers the topics of enterprise risk management.
Free Practice Exam
Ready to get started studying? We’re here to help (for free). Download one of our free ARM™ practice exams to get a feel for the type of content you will be studying.
For more information about the ARM™ designation checkout some of our other free resources:
- ARM™ Designation Overview
- How To Earn Your ARM™ Certification
- What is the Associate in Risk Management Designation?
- Three Reasons To Pursue ARM™ Insurance Designation
- ARM™ 400 Difficulty
- ARM™ 401 Difficulty
- ARM™ 402 Difficulty
ARM™ exams are administered by the American Institute for Chartered Property Casualty Underwriters (“The Institutes”). AssociatePI does not administer the actual exams, we are an independent resource of free content, advice, and study material for professional insurance education. This blog is intended for informational purposes only, to inform prospective students of the benefit of the ARM™ designation.
ARM™, CPCU®, and API™ are trademarks of the American Institute for Chartered Property Casualty Underwriters (“The Institutes”). AssociatePI LLC is not affiliated with, associated with, endorsed by or otherwise supported or recognized by The Institutes in any way. AssociatePI LLC is not authorized by The Institutes to offer courses, practice examinations, or any other resources related to the Institutes’ designations or other programs.