Associate in Risk Management - ARM


DEFINITION of 'Associate in Risk Management - ARM'

A nationally recognized educational program for dedicated risk management professionals, developed by the Insurance Institute of America. Science of risk management includes how to avoid, reduce and manage risk. Such a person as holds this designation is competent in the risk management process, including legal foundations of property, personnel and net income loss exposure and can assist to make risk management decisions to any organization's exposures to accidental and business losses. The ARM program consists of three parts: risk assessment, risk control; and risk financing.

BREAKING DOWN 'Associate in Risk Management - ARM'

The ARM program teaches in-depth knowledge to assess and respond to the numerous hazard risks insurance companies' face. ARM also meets one of the requirements for the Risk and Insurance Management Society, Inc. (RIMS) Fellow designation. RIMS is a not-for-profit organization dedicated to advancing the practice of risk management. RIMS represents risk management professionals around the world.

  1. Select Mortality Table

    A mortality table which outlines life contingency statistics ...
  2. Associate In Claims - AIC

    A professional designation designed to provide claims professionals ...
  3. Associate In Research And Planning ...

    A professional certification for those who have completed the ...
  4. Associate In Underwriting - AU

    Person with qualifications to evaluate risk for insurance companies. ...
  5. Aggregate Product Liability Limit

    The maximum sum of money that an insurance company will pay during ...
  6. Actuary

    A professional statistician working for an insurance company. ...
Related Articles
  1. Options & Futures

    An Introduction To Value at Risk (VAR)

    Volatility is not the only way to measure risk. Learn about the "new science of risk management".
  2. Personal Finance

    Using Economic Capital To Determine Risk

    Discover how banks and financial institutions use economic capital to enhance risk management.
  3. Active Trading Fundamentals

    How To Convert Value At Risk To Different Time Periods

    Volatility is not the only way to measure risk. Learn about the "new science of risk management".
  4. Retirement

    The Evolution Of Enterprise Risk Management

    This growing sector can tell you a lot about the companies you are investing in.
  5. Investing Basics

    Is the Gerber Grow-Up Plan Worth it?

    Identify the provisions of the Gerber Grow-Up Plan, a life insurance policy for children, and understand the drawbacks of purchasing such an investment.
  6. Professionals

    An Overview of Hybrid Long-Term Care Policies

    As the cost of managed care continues to rise a new breed of hybrid life insurance offers a reasonable level of protection at a far more affordable price.
  7. Retirement

    When Annuities Are the Wrong Investment

    Understand how annuities provide several unique benefits, but many drawbacks as well, and identify the situations where they are not the best investment.
  8. Investing Basics

    How to Think About Seasonality Trends

    Investors benefit when company research incorporates seasonality trends that predict relative strength and weakness throughout the calendar year.
  9. Investing

    How To Build a Currency Hedged Strategy?

    We are still unsure of how to implement a currency hedge strategy based on the dollar's movement. So let’s focus on what’s easier to measure: time horizon.
  10. Mutual Funds & ETFs

    Top 3 Equity Energy Mutual Funds

    Explore detailed analysis of the top three equity energy mutual funds, and learn about the characteristics and suitability of these funds.
  1. Why have mutual funds become so popular?

    Mutual funds have become an incredibly popular option for a wide variety of investors. This is primarily due to the automatic ... Read Full Answer >>
  2. What licenses does a hedge fund manager need to have?

    A hedge fund manager does not necessarily need any specific license to operate a fund, but depending on the type of investments ... Read Full Answer >>
  3. Can I borrow from my annuity to put a down payment on a house?

    You can borrow from your annuity to put a down payment on a house, but be prepared to pay an assortment of fees and penalties. ... Read Full Answer >>
  4. Can mutual funds invest in hedge funds?

    Mutual funds are legally allowed to invest in hedge funds. However, hedge funds and mutual funds have striking differences ... Read Full Answer >>
  5. Are Cafeteria plans exempt from Social Security?

    Typically, qualified benefits offered through cafeteria plans are exempt from Social Security taxes. However, certain types ... Read Full Answer >>
  6. What are the biggest disadvantages of annuities?

    Annuities can sound enticing when pitched by a salesperson who, not coincidentally, makes huge commissions selling them. ... Read Full Answer >>

You May Also Like

Hot Definitions
  1. Ex Works (EXW)

    An international trade term requiring the seller to make goods ready for pickup at his or her own place of business. All ...
  2. Letter of Intent - LOI

    A document outlining the terms of an agreement before it is finalized. LOIs are usually not legally binding in their entirety. ...
  3. Purchasing Power

    The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing ...
  4. Real Estate Investment Trust - REIT

    A REIT is a type of security that invests in real estate through property or mortgages and often trades on major exchanges ...
  5. Section 1231 Property

    A tax term relating to depreciable business property that has been held for over a year. Section 1231 property includes buildings, ...
  6. Term Deposit

    A deposit held at a financial institution that has a fixed term, and guarantees return of principal.
Trading Center
You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!