ARM 401 Holistically Assessing Risk
Risk Management Assessment and Treatment is a module of the Associate in Risk Management (ARM) Designation. This certificate provides students with a broad understanding of the assessment and treatment techniques fort he major categories of risk forced by all organizations with am emphasis on hazard.
Goals:
The first part of the course takes a holisitc approach by explaining risk assessment techniques that can be applied to all of an organization’s risk.The remainder of the course discusses assessing and treating various types of risks. For example social media risks, cyber risk as well and legal risk.
Benefits:
- Develop your ability to accurately assess and treat organizational risks, including supply chain, cyber, social media, climate change, reputation, and regulatory risks.
- Be more productive with an enhanced ability to apply root cause analysis to your organization’s production and process risks.
- Boost your career opportunities with a technical knowledge of business continuity management, and accident and system safety analysis techniques.
Target group
Risk managers of all kind of industries and executives concerned with risk, commercial lines underwriting and reinsurance professionals, risk management consultants, chief executives in brokerage firms, agency principals, agents and brokers in commercial insurance fields
Internationally oriented professionals
Topics
- Introduction to risk assessment and treatment
- Root cause analysis
- Business continuity management
- Physical property risk
- Intellectual property and reputation risk
- Legal and regulatory risk
- Management liability ans Human resource risk
- Environmental risk
- Crime and cyber risk
- Fleet risk
- Smart Products and Risk Management
Timeframe
Around 6 to 10 hours per week are recommended for this training (depending on your experience in the fields and previous studies). Prepare yourself to invest 4-6 hours for the prereading and getting familiar with the topics for each class (by reading the according assignment in the text book which are about 30 pages per week). 2 to 3 hours for attending the evening classes. It is also recommended to rework each assignment by doing the exercises in the course guide or reading the extra material shared with the students. Additionally, set aside time (including a 1 day seminar) to prepare for the exams. Before starting, please be aware to carefully schedule the 4 month period per module so that you have enough time alongside your vocational and personal activities.
Learning Design
Blended Learning Design
Course material
Text book, course guide and online exam preparation tool
Extra documentation, exercises and supplementary literature
One Exam
Exam
We will register you for the next possible exam date after completing the module unless you arrange for a replacement date. Exams may be repeated.
Exam dates for paper and pen exams are always on the first Monday (or Tuesday) in March, June, September or December. The registration deadline is 7 weeks before the official exam which is therefore on 12 of January, 12 of April, 12 of July or 12 of October.
Certificate
Electronic certificate after passing the exam ARM 55 successfully
FAQ
Which prerequisites and/or requirements are compulsory for the ARM training?
There are no prerequisites or requirements to a certain specialized level needed for this course. However, due to the course material and the evening courses held in English, your English knowledge must be good (Proficiency level). It is nevertheless recommended to have at least 2 years of training or experience in the insurance industry or the security / health & safety sectors.
What is the recommended study time for this course?
Around 6 to 10 hours per week are recommended for this training (depending on your experience in the fields and previous studies). Prepare yourself to invest 4-6 hours for the prereading and getting familiar with the topics for each class (reading the according assignment in the text book (about 30 pages per week). 2 to 3 hours for attending the evening classes. It is also recommended to rework each assignement by doing the excercises in the course guide or reading the extra material shared with the students. Additionally, set aside time (including a 1 day seminar) to prepare for the exams. Before starting, please be aware to carefully schedule the 4 month period per module so that you have enough time alongside your vocational and personal activities.
How are the evening courses organized and delivered?
Usually one assignment per evening class. The coach reviews the most important parts of the chapter, introduces to on the job practices in different contexts and challenges the students with small group work, discussions and tasks.
What requirements are needed to achieve the ARM diploma?
The only requirement for an ARM diploma is to succeed in the 3 written exams of ARM 54, 55 and 56 and to fulfil the Ethical Online Training and Exam. There are no oral exams and no reports to be written.
How are the examinations arranged? Can they be repeated?
They are provided by The Institutes and organized by the IIS. The ARM exams consist of 65-75 questions (multiple choice) and last 2 hours each. There are 4 test dates which are offered per year. The examinations may be repeated.