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 courses and pass exams in the following areas: risk assessment, risk control, and risk financing. 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 and the associate in risk management-enterprise risk management.
The National Alliance for Insurance Education and Research offers the certified risk managers designation. To earn this designation, you must pass exams in five courses covering all major areas of risk management.
Global Risk Management Institute offers an advanced designation in risk management, the RIMS Fellow. Applicants must satisfy educational and experience requirements.
- Accountants
- Auditors
- Business Managers
- Financial Institution Officers and Managers
- Financial Quantitative Analysts
- Forensic Accountants and Auditors
- Fraud Examiners, Investigators, and Analysts
- Health Care Insurance Navigators
- Insurance Claims Representatives
- Insurance Fraud Investigators
- Insurance Policy Processing Workers
- Insurance Underwriters
- Life Insurance Agents and Brokers
- Property and Casualty Insurance Agents and Brokers
- Regulatory Affairs Managers
