Study Group to be conducted by RISC Institute
Level:Advanced level
The ARM designation is awarded by The Institutes (American Institute For Chartered Property Casualty Underwriters), the internationally recognized body that delivers knowledge in the fields of risk management and property & casualty insurance.
The ARM is the premier designation for all risk management professionals. It helps you enhance your risk management skills by teaching you how to build and implement a balanced risk financing strategy using retention, transfer, and hybrid solutions.
For yourself
- Set yourself apart with the technical knowledge needed to design a risk management program for hazard, operational, financial and strategic risks.
- Solidify your reputation as a key contributor to your organization’s success by making smarter financial decisions through the application of cash flow analysis to hazard and financial risks.
- Boost your career opportunities with a technical knowledge of business continuity management, and accident and system safety analysis techniques.
- Demonstrate your technical knowledge of Risk management to your employers and your peers.
- Show how you are committed to your organization’s success by developing its financial flexibility through an advanced knowledge of how to transfer risk to the capital markets.
For your organization
- Develop your ability to identify, analyze, and treat risks by utilizing proven risk management and statistical analysis techniques
- Develop your ability to accurately assess and treat organizational risks, including supply chain, cyber, social media, climate change, reputation, and regulatory risks
- Make smarter business decisions by learning to design and implement retention, transfer and hybrid risk financing techniques.
- Expand your ability to handle complex needs with technical knowledge of loss forecasting techniques and alternative risk transfer (ART) programs.
RISC Institute is a recognized sponsoring organization with The Institutes.
The trainer, Mr. Silvan Said ACII ARM, is a recognized course leader with The Institutes.
Find out more about The Institutes. and the ARM designation
Who should pursue this qualification.
- Supervisory, and management staff who currently work in a risk management function of any organization
- Supervisory, and management staff in governance, compliance, risk management and internal audit function of insurance and financial services firms.
- Underwriters, surveyors, risk managers, insurance brokers and insurance purchasing executives in non-insurance firms.
- Personnel who aspire to move to a career into governance, risk and compliance functions of insurance cmpanies or other financial institutions
- Personnel working in inspections and supervisory functions with regulating authorities who wish to understand how their licencees can effectively manage risk.
The programme assumes a basic knowledge of business management, finance and economics. As a minimum, particpants should hold relevant professional diplomas or bachelor degrees
The courseware, exams and lectures will be in English thus a good understanding and communication skills in English are required.(al least an IELTS levels 6 or higher.)
What you need to earn this qualification.
To earn the Associate in Risk Management designation (ARM) ™ learners must complete the three core modules below and The Institutes' ethics test.
ARM400 Risk in an Evolving world
- The Changing Risk Environment
- Risk Management Today
- Risk in an Organization
- Detecting Risk
- Holistic Risk Governance
- Leveraging Data
- Organizational Checks and Balances
- Successful Compliance Strategy
- The Resilient Organization
ARM 401: Holistically Assessing Risk
- Identifying Risk
- Analyzing Risk
- Leveraging Risk Models
- Data-Driven Decision Making
- Preparing for Hazards
- Cyber Risk’s Hidden Threats
- Uncovering Operational Risks
- Preserving Reputation in the Digital Age
- The Risks Behind the Numbers
- Protecting the Supply Chain
ARM 402: Successfully Treating Risk
- Risk Treatment Basics
- The Role of Insurance in Risk Treatment
- Alternative Risk Financing Strategies
- Protecting Intellectual Property
- Risks on the Move
- Navigating Legal and Regulatory Risk
- Internal Controls and Operational Risks
- Protecting Capital
- Optimizing Risk for Strategic Advantage
Ethical Decision Making in Risk and Insurance
In addition to the three core modules, candidates must also complete The Institutes' Ethical Decision Making in Risk and Insurance course. The topics covered in this course include:
- Supporting Professionalism
- Insurance Professionals and High Ethical Standards
- Ethical Responsibility to Groups, Dilemmas, Case Studies
- Ethical Theories and Decision-Making Tools
- Barriers to Ethical Decision Making
How you will learn
At RISC Institute we are committed to help you succeed in your pursuit of learning and earning higher qualifications to enhance your career prospects. For us, your learning journey for the ARM qualification is not simply a limited number of hours with face to face interaction but one whole year of collaboration and interaction through blended learning.
Blended Learning is an educational format that combines instructor-led training (face-to-face or through a live virtual classroom) with a range of online activities and resources that you complete during your private study time. It has the advantage of extending the learning experience beyond the classroom giving you a much longer interaction with the tutor through e-learning activities and resources available on the RISC Institute portal.
Furthermore, trainees will be organized in teams to work together to solve assignments, apply solutions and engage with other teams in the course. This leads to deeper learning and develops higher-level thinking, better communication, team building and leadership skills.
Below are the learning resources and activities you will get
In-class Interaction
120 hours of Structured face-to-face instruction with PowerPoint presentations covering all the syllabus for each unit
End of topic quizzes with audience response system
Thought provoking in-class case studies working in teams
Boot Camp for each unit (virtual session)
Private study time
Video recordings of the live classes
Online viewing of powerpoint presentations
End of topic quizzes
Assignments consisting of short answer questions with tutor feedback
Tutor moderated Q & A forum for each topic
Knowledgebase with links to further learning resources
Grade Book
Mobile app
Group Dynamics
Announcements and exam information
Discussion Boards
Messaging
Profile sharing
Customer help line
Whatsapp group
How you will be assessed
Each unit will be assessed through a Multiple Choice examination delivered online by The Institutes. Virtual exams are timed. You will have 65 minutes to complete 50 questions.
The Institutes Designations' exams are available in four testing windows throughout the year as follows:
- Quarter: January 15 – March 15
- Quarter: April 15 – June 15
- Quarter: July 15 – September 15
- Quarter: October 15 – December 15
The course will be scheduled so that you may take the examination soon after the bootcamp for the respective unit.
Once you have completed the three core units, you will need to complete The Institutes' online course Ethical Decision Making in Risk and Insurance to be awarded the Associate in Risk Management (ARM) ™ designation.How much time do you need to dedicate.
The ARM designation is a professional internationally recognized diploma level course and requires that you dedicate sufficient time for attending classes and completing the learning activities and resources that we make available to you for your private study and revision.
You will therefore need to commit to one week of full-time face-to-face classes and 100 hours of private study for each of the three core units throughout your whole journey to complete the course.
The following is a provisional schedule and timeline.| Date From | Date To | Event | Notes | |
|---|---|---|---|---|
| ARM400 - Risk in an Evolving World | ||||
| 10 June 2023 | 30 June 2023 | Pre-course assessment is open | This is a one hour online remote invigilation test. | |
| 6 July 2023 | Final list of trainees decided by CMA | |||
| 22 July 2023 | 27 July 2023 | In-class training for ARM 400 | 6 consective days Saturday to Thursday from 08.30 to 16.30 (including breaks) | |
| 15 July 2023 | 15 September 2023 | Exam Window is open | The exam for ARM400 can be taken inside this time window. However it is not recommended until the bootcamp is done. | |
| 27 July 2023 | 15 September 2023 | Period of Private Study for ARM400 | Recommended 100 hours spread over the 10 weeks period. | |
| 03 September 2023 | Bootcamp for ARM400 | Online live session around 4 to 5 hours. | ||
| 15 September 2023 | Deadline for Exam ARM400 | Booking of appointment for remote invigilated exam must be done well in advance. | ||
| ARM 401: Holistically Assessing Risk | ||||
| 15 October 2023 | Deadline to register candidates for ARM401 exam | |||
| 22 October 2023 | 02 November 2023 Excluding 27th and 28th | In-class training for ARM 401 | 10 consective days from 08.30 to 16.30 (including breaks) | |
| 03 October 2023 | 15 December 2023 | Period of Private Study for ARM401 | Recommended 100 hours spread over the 10 weeks period. | |
| 15 October 2023 | 15 December 2023 | Exam Window is open | The exam for ARM401 can be taken inside this time window. However it is not recommended until the bootcamp is done. | |
| 3 December 2023 | Bootcamp for ARM401 | Online live session around 4 to 5 hours. | ||
| 15 December 2023 | Deadline for Exam ARM401 | Booking of appointment for remote invigilated exam must be done well in advance. | ||
| ARM 402: Successfully Treating Risk | ||||
| 15 January 2024 | Deadline to register candidates for ARM402 exam | 15 January 2024 | 15 March 2024 | Exam Window is open | The exam for ARM402 can be taken inside this time window. However it is not recommended until the bootcamp is done. |
| 20 January 2024 | 25 January 2024 | In-class training for ARM 402 | 6 consective days Saturday to Thursday from 08.30 to 16.30 (including breaks) | |
| 27 January 2024 | 15 March 2024 | Period of Private Study for ARM402 | Recommended 100 hours spread over the 10 weeks period. | |
| 4 March 2024 | Bootcamp for ARM402 | Online live session around 4 to 5 hours. | ||
| 15 March 2024 | Deadline for Exam ARM402 | Booking of appointment for remote invigilated exam must be done well in advance. | ||
| Ethical Decision Making in Risk and Insurance | ||||
| This course can be taken online on the Institute's portal at any time. The exam is not required but to get your designation you must complete the online course. | ||||
Who will deliver the course
Mr. Silvan Said ACII, ARM, Chartered Insurance Practitioner
Founder and Managing Director, RISC institute
Mr. Said is a senior risk and insurance executive with over 40 years experience in the industry. He has been actively involved in talent development for the insurance industry since 2002, consulting and delivering courses in the GCC, Malta, Eastern Europe and Africa.
Mr. Said is an Asscociate of the Chartered Insurance Institute (ACII) and a Chartered Insurance Practitioner. He is also an accredited Advanced General Insurance Trainer with the CII. He also holds the Associate in Risk Management (ARM) designation from the American Institutes for Casualty and Property Underwriters (The Institutes). Mr. Said is a recognized Course Leader by the Institutes for their designation courses.
Over his nearly fifteen years experience in the GCC, Mr. Said has developed a deep understanding of the training and development needs of the insurance market in the GCC. In March 2015, he established RISC institute and it quickly became a leading training institute for the risc management, insurance and capital markets industry.
RISC Institute today reaches audiences from the GCC, Arab and African countries through its online courses. Mr Said also hosts and conducts face to face workshops for all levels of insurance industry professionals from Governance, Risk and Compliance for board directors, through to technical courses in underwriting and claims in most classes of insurance as well as induction and foundation courses for new joiners in the industry.
Contact Information
PO Box 3359 Postal Code:112 Ruwi Oman
24823100 | 24823128 (During Working Hours)
info@cma.gov.om
www.cma.gov.om