Pursue Your ARM™ Insurance Designation Now (3 Reasons Why)
The ARM™ Insurance 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.
The Associate in Risk Management Designation (ARM™) 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™ Insurance Designation is of the many insurance designations administered by the Insurance Institute of America. The ARM™ teaches you the science of risk management and provides you with the necessary skills and understanding to avoid, reduce, and manage risk.
Unlike some of the longer insurance designations, the ARM™ Certification is only three exams focusing on topics such as risk management principles, risk assessment, and risk financing.
ARM™ Reason #1: Professional Development
The number one reason why you should begin pursuing your ARM™ insurance designation right NOW is for personal and professional development.
No matter if you are still in college, just starting to interview for positions, or trying to advance your career internally. The ARM™ Designation touches on nearly every risk management and risk-related subject. This designation gives you the practical skills and knowledge required to become a risk management subject matter expert.
ARM™ Reason #2: The Longer You Wait, The Harder It Gets
If you don’t do it now, it will only get harder. There’s no time like the present.
Where are you in your career? Are you just starting college? Just about to graduate college? Are you a risk analyst that has been in the industry for a few years? Are you already the Chief Risk Officer? No matter where you are in your career, the time to start is NOW.
The longer you delay, the less likely it is that you will take action.
The hardest part is that first step. I recommend forcing yourself to study by signing up for your exam before you begin studying. Purchase your exam and set the date for two months out. This will motivate you to start studying; there’s no excuse when your money is on the line because I highly doubt that you want to fork over another $330 just to retake the exam.
ARM™ Reason #3: CPCU® Designation
The ARM™ 402 exam counts as an elective towards the CPCU® Designation.
The Chartered Property Casualty Underwriter Designation (CPCU®) is the most prestigious designation in the property-casualty insurance industry, held by only about 4% of all property-casualty employees and often referred to as the “CPA of the insurance industry”.
This insurance designation covers nearly all property-casualty insurance topics, giving CPCU® designation holders the advanced insurance knowledge and expertise required to effectively advance their careers in terms of management capability and salary growth.
The CPCU® designation is achieved after the completion of a series of eight exams and an ethics requirement course. The exams include: four foundation courses, three personal lines or commercial lines courses, and one elective course.
The ARM™ 402 exam, one of the exams required to earn your ARM™ Designation, counts as an elective towards the CPCU® Designation. This means, when you earn your ARM™ Insurance Designation, you are already one step closer to earning your CPCU®!
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.