Risk Managers

Certification or Licensing

Many organizations require their risk managers to earn the designation associate in risk management (ARM). The ARM program is run jointly by the American Institute for Chartered Property Casualty Underwriters and the Insurance Institute of America. You must take three courses (Risk in an Evolving World, Holistically Assessing Risk, and Successfully Treating Risk) and then take exams that test your knowledge of each subject. The institute also offers the associate in risk management for public entities certification for risk managers who are interested in working in the public sector, as well as the associate in cyber risk management credential and the professional risk consultant credential.

The Risk & Insurance Education Alliance offers the certified risk manager designation. To earn this designation, you must pass exams in five courses covering all major areas of risk management. These courses are Analysis of Risk, Control of Risk, Financing of Risk, Practice of Risk, and Management Principles of Risk Management. The alliance also offers the certified personal risk manager and certified school risk manager credentials.

RIMS—The Risk Management Society offers the RIMS-certified risk management professional credential and other certifications.

No licensing is available for risk managers.