Associate in Risk Management - ARM

AAA

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.

INVESTOPEDIA EXPLAINS '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.

RELATED TERMS
  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. Using Economic Capital To Determine ...
    Personal Finance

    Using Economic Capital To Determine ...

  2. An Introduction To Value at Risk (VAR)
    Options & Futures

    An Introduction To Value at Risk (VAR)

  3. How To Convert Value At Risk To Different ...
    Active Trading Fundamentals

    How To Convert Value At Risk To Different ...

  4. The Evolution Of Enterprise Risk Management
    Retirement

    The Evolution Of Enterprise Risk Management

comments powered by Disqus
Hot Definitions
  1. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  2. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  3. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  4. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  5. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  6. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
Trading Center