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Associate In Risk Management

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The Institutes’ Exams

THE INSTITUTES Associate in Risk Management (ARM) program helps you enhance your risk management skills by teaching you how to build and implement a balanced risk financing strategy using retention, transfer, and hybrids.

Passing the required ARM exams earns the Associate in Risk Management designation.

The designations conferred by THE INSTITUTES (formerly known as AICPCU/IIA) represent an individual’s commitment to and standing within the insurance industry. The center offers comprehensive programs designed to provide candidates with the knowledge and skills they need to pass the national exams administered by THE INSTITUTES.

ARiMI is THE INSTITUTES-Approved On-Site Testing Center, and students based in Singapore can take the ARM Exams and any of THE INSTITUTES’ exams at ARiMI.

For complete information on The INSTITUTES’ exam policies and procedures, download THE INSTITUTES’ Exam Registration Booklet.

For more information or clarification, Customer Service can be reached at customerservice@TheInstitutes.org or +1 (800) 644-2101.

Testing Window Availability

THE INSTITUTES’ exams can be taken during the following testing windows:

  • 15th January – 15th March
  • 15th April – 15th June
  • 15th July – 15th September
  • 15th October – 15th December

You may take the same exam no more than two times in a given testing window, with a maximum of four times per calendar year.

Registration for THE INSTITUTES’ Exams

Candidates are required to register directly at THE INSTITUTES website for the Exams. Exam registration can be done online at http://www.aicpcu.org/register/ExamInfo.htm.

For more information or clarification, Customer Service can be reached at customerservice@TheInstitutes.org or +1 (800) 644-2101.

Preparation for Exam

To help you prepare for your exam, THE INSTITUTES have a variety of resources including their How to Prepare for Institutes Exams handbook, study aids, and exam demos. Their Exam Registration booklet provides details on grading, which you can also find outlined in the Grades tab. Please click here for more information and details.

Exam Appointment with ARiMI

Make your exam appointment with ARiMI at info@arimi.org for a date when you are ready to take the exam. ARiMI has 3 exam dates for each of the 4 testing windows. The availability of the exam date is subject to first-come-first-serve basis. You are advised to check with ARiMI at info@arimi.org for availability of the exam date before you proceed to register for the exam with THE INSTITUTES.

An on-site administration fee of S$325 per candidate is chargeable by ARiMI.

Message To All Examinees Regarding Rules of Conduct

For the protection of all Institute designation holders and students, the Institutes have Rules of Conduct that apply to all who take Institute exams. All examinees must abide by the Rules of Conduct as printed in the above-referenced exam registration booklets. The Rules of Conduct are also presented before an exam is administered and examinees must agree to the follow the Rules in order to be permitted to sit for an exam. To ensure the integrity of our respected industry credentials, the Institutes reserve the right to expunge the grades of or restrict future exam-taking for anyone who fails to abide by the Rules of Conduct during and after exam administration. To ensure the integrity of Institutes assessments, the Institutes employ analytical tools to determine if an irregularity occurred during a testing session.

THE INSTITUTES candidates are bound by the CPCU Code of Professional Ethics, which is available at http://www.aicpcu.org/doc/canons.pdf.

Disclaimer

ARiMI provides links to other sites for our website users’ convenience. We neither endorse nor assume responsibility for any other website’s accuracy or compliance with applicable laws. ARiMI does not control the content of external sites, which may change without notice. If you find a link that is inactive, or if you have questions or concerns about a website to which we are linked, please contact the info@arimi.org.

ARiMI’s website linking policy is a commitment to legal, ethical, professional, and appropriate business communications. If you reached ARiMI’s website through a third-party link that you believe may violate this policy, or reach a website to which ARiMI link that might violate this policy, please contact info@arimi.org.

INQUIRY?

If after checking through our website, you have any more questions related to ARiMI and our programs, we are here to assist you.

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Risk LEADERS Module – RLM2
Business Ethics, Social Responsibility & Corporate Value Sustainability
Leverage the CSR Agenda to Develop a Moral Code of Conduct to Manage Risks & Create Shared Value

 

Synopsis

In a world where there is no clear moral compass to guide leaders through dilemmas about what is right or wrong when managing Risks and Opportunities. This module explores the complex ethical and social dimensions of business and provides a framework that will help participants make and justify difficult decisions. It further explores how to build a Business Model based on CSR to create shared-value through a positive impact of an organization's activities on the environment, consumers, employees and other stakeholders.

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Risk LEADERS Module – RLM3
Innovation, Change & Project Risk Management
Drive Projects Successfully with Risk Management

 

Synopsis

This information-packed module covers the fundamentals of project risk management. You will learn how to establish and implement a structured approach to forecast, monitor and manage risk factors for projects, large and small. You will also learn how you can communicate effectively and share the responsibility of managing project risks with your team members, customers and management.

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Risk EXPERTS Module – REM1
Risk Assessment & Corporate/Project Value Profile Diagnostic
Risk Assessment Methodologies for Strategic & Operational Risk Mapping

 

Synopsis

Modern organisations are now confronted to an increased level of volatility and complexity in today's global business environment. And to make effective decisions, you will need to conduct a proper diagnostic of the risk profile of your organization. This module will introduce our Value and Risk mapping model, highlights the benefits, and summarizes the method of identifying, analysing risks and developing risk maps. It will also describe several applications, some pretty unconventional, for risk mapping in an organisation.

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Risk EXPERTS Module – REM2
Risk Learning, Communication & Decision Making
A practical Guide to Master Communication of RIsk Information & Enable Effective Risk-Taking

 

Synopsis

This module provides the techniques and training in developing people who can master the art and science of communicating about risks with the various groups of internal and external stakeholders. Thus, proactively anticipates on risk issues and prevent crises or if a crisis is inevitable, to limit and overcome the damage it creates.

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Risk EXPERTS Module – REM3
Risk Control & Business Continuity Management
A Framework to Build Resilient Risk Management Systems & Solutions to Foster Effective Risk-Taking, Mitigation & Monitoring

 

Synopsis

This module provides an understanding on the types of ERM Models that can be designed to deal effectively with the risk issues an organization is exposed to. Participants wil learn the Key Risk Controls to Protect your Tangible and Intangible Assets. This module will guide you through a wide range of risk management strategies/interventions, explains how they work and suggests when they are most appropriate.

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Risk EXPERTS Module – REM4
Risk Financing & Transfer Solutions
How to Finance Risks to Your Business and Operations Effectively through the Use of Capital, Insurance & ART Techniques

 

Synopsis

The module provides a detailed understanding on the wide range and types of losses an organisation is exposed to and the potential financial impacts of those losses. Participants wil learn the Key Risk Financing Techniques to protect the Tangible and Intangible Assets. How and when to select and apply the right financing Techniques and how to analyze carefully the pros and cons associated with the financing techniques of transfer, retention and insurance.

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Risk EXPERTS Module – REM4
KRIs/KPIs Dashboard: Risk Monitoring, Reporting & Improvement
Develop an Effective Key Risk Indicators (KRIs) Dashboard to Measure, Monitor & Improve Organisational Performance in Managing Risks.

 

Synopsis

Without proper risk metrics, there cannot be any risk management. This module will explore the two dynamic processes of strategic/operational response and continuous change learning that are critical for an effective risk control system. It also explains how they can be explicitly structured and monitored, using a series of reports and Key Risk Indicators (KRIs) and distributed timely to the people who need them to make the right decisions.

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Risk CHAMPIONS Module – RCM1
Designing ERM: Risk Management Frameworks, Systems & Culture
Design an ERM System Adapted to Your Organization's Needs & Maturity to Foster Effective Management of Risks

 

Synopsis

This module provides a comprehensive framework to design an ERM system and policies adapted to your organization's business needs and maturity, allowing you to address business issues, stakeholders concerns and new regulatory in an efficient and integrated manner. ERM can yield tremendous potential competitive advantage for an organization through an integrated, enterprise-wide perspective on its risk profile aligned with its business model.

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Risk CHAMPIONS Module – RCM2
Implementing ERM: Systems Change & Nurturing a Risk-Aware Culture
Making ERM Part of Your Corporate Culture DNA to Create the Conditions for Effective Risk Information Sharing & Decision-Making

 

Synopsis

This thought provoking and practical module will give participants an insight into the various ERM change methodologies and models, and their implications for corporate systems and culture transformation. You will learn a project implementation roadmap on how to nurture the type of risk-aware culture able to learn and adapt to continuous changes in the environment, and thus creating sustainable value for your organization.

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Risk CHAMPIONS Module – RCM3
Sustaining ERM: Managing Changes, Crises & Business Sustainability
Protect Your Organization's Present & Future with Effective Crisis Management & Communication Preparedness

 

Synopsis

This module emphasizes on the importance of ERM to build the organizational capability for contnuous learning and business renewal. It provides a roadmap to deal with change and crises with a practical problem-solving approach and a focus on the importance of system resilience, stakeholders' perceptions management, effective crisis communication and preparedness in preventing or controlling crisis situations.

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Risk PROFESSIONALS Module – RPM1
Corporate Reputation & Stakeholders Risk Management
Manage Your Reputation as a Strategic Asset to Create Competitive Advantage in the Marketplace

 

Synopsis

In today’s volatile and competitive world, the value of corporate reputation is a key component of business and organizational performance. This module provides participants with a road map on how to manage Reputation as a strategic asset to create competitive advantage in the marketplace. It covers how to manage communication with key stakeholders to build a strong relationship and a survival guide on how to preserve reputation through a crisis.

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Risk PROFESSIONALS Module – RPM2
Corporate Governance & Risk Management
Strengthen Corporate Governance to Promote Transparency, Accountability and Effectiveness in Management Practices

 

Synopsis

Corporate collapses and the financial crisis have highlighted the weaknesses of existing internal controls and risk management systems and the need for a higher level of corporate governance to better align and protect the diverging interests of the various stakeholders in the corporate “game”. This module will guide you through a comprehensive plan on how to strengthen corporate governance by promoting transparency, accountability and effectiveness in management practices.

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Risk PROFESSIONALS Module – RPM3
Corporate Ethics, Fraud & Compliance Risk Management
Leverage Regulatory Compliance Requirements to Create Value with Risk Management, and Combatting Fraud with Strong Corporate Ethics & Effective Prevention/Detection Systems

 

Synopsis

This practical module will provide you with the most updated current methodologies and best practices to protect your organization against fraud with strong corporate ethics, effective prevention and detection systems. Participants will also understand the extent to which organizations are exposed to the ever-increasing regulatory environment, how to identify the risk and compliance issues that have most significance and how to integrate and leverage a compliance management program within the ERM system of your organization.

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Risk PROFESSIONALS Module – RPM4
Corporate Control, Internal Audit & Risk Management
Best Practices for Auditing Risk Management & Conducting Effective Risk-Based Internal Audit

 

Synopsis

This module provides a practical roadmap on how to conduct effective Risk-Based Internal Audit (RBIA). You will learn how you can employ risk-based methodologies in planning and conducting audits to provide assurance on the adequacy of integrated risk management practices and management control frameworks.

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Risk PROFESSIONALS Module – RPM5
Corporate Performance & Human Capital Risk Management
Enhance Your Human Capital Resilience & Productivity Using Risk Management, and Reward Real Performance through Risk-Adjusted Performance Management Systems

 

Synopsis

This module presents a methodology that maps the human relationships in organizations to identify where and how they affect organization performance. You will learn how you can influence your people and nurture the type of behavior & culture that supports sustainable value creation for your organization. This module will also teach you how to develop and use the right risk-adjusted Key Performance Indicators to drive your people’s behavior and support your business performance. By linking unambiguously the results and decision-making processes with appropriate metrics, considering all the risks involved, you will ensure that your staff’s behavior will be aligned with your organization objectives and interests.

Click here for more information about the module