Associate in Risk Management - ERM (ARM-E)


By completing ERM 57 - Enterprise-Wide Risk Management: Developing and Implementing in addition to ARM 54, 55, and 56 you can earn the Associate in Risk Management - ERM (ARM-E) designation.

Here are some of the bottom line benefits of taking the ERM course:

  • Prepare your organization to meet rating agency requirements by using a practical toolkit that helps initiate and implement a strategic ERM program.
  • Empower your organization to make better-informed business decisions and optimize its risk management by aligning ERM with strategic goals.
  • Position your ERM program for success by learning how to coach risk owners regarding implementation responsibility and process.
  • Communicate and consult more effectively with critical stakeholders by sharing internationally recognized ERM guidelines.


If you already hold the ARM designation, you will earn the Associate in Risk Management - ERM (ARM-E) designation by passing the ERM course exam. If you are not an ARM designee, you will earn a certificate of completion when you pass the ERM course exam. However, if you should earn the ARM designation in the future, you would also earn the ARM-E designation at that time.

Here is a sample of the high-level technical content of this course:

ERM Strategy, and Exposure Spaces

  • Compare and contract traditional risk management (TRM) and ERM
  • Integrate risk management and strategy
  • Understand and estimate the value creation of risk management
  • Risk assessment: the exposure spaces model

Integrating Risk Management and Organizational Strategy

  • Manage reputation risk and other intangible assets
  • The GRC Triangle - governance, risk management, and compliance
  • Culture and risk culture in an organization
  • Risk reduction and event management
  • Risk financing and alternative risk transfer

ERM as a Project: Building a Business Case for the Board

  • ERM management as a project
  • Communication and consultation with critical stakeholders
  • Build the business case for ERM
  • Audit and self-assessment
  • Develop an ERM project plan - case study

Who will Benefit?

  • Chief risk officers
  • Executives concerned about risk
  • Risk managers
  • Risk management consultants
  • Client executives in brokerage firms
  • Agency principals
  • Agents and brokers
  • Commercial Lines Underwriting Professionals

How to Earn the Designation
Passing the national exam for ERM 57 earns a certificate of completion.
Passing the national exam for ERM 57 in addition to the national exams for ARM 54, 55, and 56 earns the ARM-E designation.

ERM 57 Course Topics Include

  • ERM
  • Strategy
  • Exposure spaces
  • Integrating risk management and organizational strategy
  • Building the business case for the board