What Does Associate In Loss Control Management Mean?
An Associate in Loss Control Management (ALCM) was a professional designation earned after the successful completion of a self-study program and passing five national examinations given by the Insurance Institute of America (IIA). An Associate in Loss Control Management designation was designed for individuals whose workplace responsibilities revolved around loss controls. An associate with this designation would be expected to have expertise in accident prevention, property protection and industrial and environmental hygiene among other related fields.
Understanding Associate In Loss Control Management (ALCM)
An Associate in Loss Control Management (ALCM) was offered as a professional designation by the Insurance Institute of America (IIA), a professional education organization for the risk management and property-casualty insurance industries. The IIA was the only property insurance professional organization for 33 years, until the introduction of the American Institute for Property and Liability Underwriters in 1942. The IIA and the American Institute for Property and Liability Underwriters combined their operations in 1953, but kept their names and individual professional education missions.
The IIA offered a professional designation in loss control. Loss control was an important function of training programs in the property-casualty insurance industry. The field of loss control deals with the selection, design, and implementation of loss control functions. Loss control consulting services may be used by some companies to assist with evaluating loss risk and the development, administration, and operation of their safety and loss prevention programs.
In 2009, the IIA and the American Institute for Chartered Property Casualty Underwriters (AICPCU) rebranded together as The Institutes. The AICPCU was formed in 1992 from the American Institute for Property and Liability Underwriters, which had been formed in 1942. Thus, the two oldest industry advocacy and education organizations finished the merger they had initiated in 1953. The Institutes is now the professional education organization for the risk management and property-casualty insurance industry.
With the merger, The Institutes reevaluated the professional education programs offered by both organizations to avoid redundant designations. The Institutes does not offer the Associate in Loss Control Management professional designation any longer. The Institutes offers professional designations in risk, risk management, and claims, among others, but not in loss. The Institutes does not use the term loss as part of any of its designations or areas of study.