Associate in Claims Risk Management Course

Associate Risk Management (ARM) Certification offered by The Institutes is critical training course for individuals working in financial institutions particularly in insurance sectors. The course provides necessary knowledge and skills to deal with risk and risk assessment and treatment in insurance companies.
The ARM course covers their main study subjects namely: risk management principles and practices, risk assessment and treatment and risk financing. The course investigates in depth many of the concepts and practices related to risk management in order to ensure that the learner is equipped with proper understanding of risk assessment, treatment and nancing.

Upon completion of the course, trainees will be expected to:
• Know about Introduction to Risk Management.
• Understand the knowledge of risk Management Standards and Guidelines
• Understand the knowledge of operational, Financial and Strategic Risk
• Understand and apply risk management framework and process
• Understand the knowledge risk Identication
• Understand the knowledge of risk Analysis
• Understand Risk Treatment
• Understand the Big Data analysis for Managing Risk
• Understand the knowledge of Capital Investment and Financial Risk
• Know an overview on risk Assessment and Treatment
• Understand the Root Cause Analysis
• Know the Physical Property Risk
• Know the Intellectual Property and Reputation Risk
• Understand the knowledge of human Resource Risk
• Understand information on Crime and Cyber Risk
• Understand risk Financing
• Understand how to Transfer Hazard Risk Through Insurance
• Understand the Contractual Risk Transfer
• Understand way of Transferring Financial Risk
• Understand the knowledge of Allocating Costs of Managing Hazard Risk

• ARM 54 – Risk Management Principles and Practices
• ARM 55 – Risk Assessment and Treatment
• ARM 56 – Risk Financing
• RMPE 352 – Risk Management for Public Entities
• ERM 57 – Enterprise Risk Management

The Institutes offers exams in difierent formats to accommodate different needs.
50-90 Multiple Choice Question Exams: 2 Hours
• ARM 54, ARM 55, ARM 56, ERM 57
75 Multiple Choice Question Exams: 2 Hours
• Risk Management for Public Entities
For most exams, grades are reported as “P” (Passing) or “N”
(Nonpassing). For others, grades are reported as “P” (Passing),
“G” (Good), “E” (Excellent), or “N” (Nonpassing). Grades are
nal and are not subject to appeal. Numerical scores are
not released.
Upon completion, trainees will receive a Certi¬cate of
Completion from The Institutes.

This course is relevant to 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 offcers, executives concerned with risk, risk management consultants, commercial lines underwriting professionals and client executives in brokerage firms

70 Training Hours

Trainees should have:
• Good command of the English language.
• Holds a Minimum of bachelor’s degree