The Institutes ARM (Associate in Risk Management) — The Course
ARM 400, 401 and 402 assignment by assignment — the method, the math, the technology and the risks you will apply them to
The three ARM exams and their published assignments
Follows the assignment list The Institutes publishes for each course (retrieved October 2026). The ARM is three separate exams plus the free Ethics 311 module.
When you finish, you'll be able to
- Explain why organizations manage risk and connect it to their goals, appetite and cost of risk
- Identify risks with scenarios, SWOT, risk registers, key risk indicators and the classic techniques
- Measure risk: frequency and severity, probability, expected loss, standard deviation and the coefficient of variation
- Analyze loss events with root cause tools, loss data, event and fault trees, scenarios and bowties
- Choose a treatment mix: control, contractual transfer, insurance, retention, pooling and captives, compared on total cost of risk
- Use data analytics, AI, cloud, automation, blockchain and sensors in the risk program, and manage the risks they bring
- Manage business interruption, cyber, economic, operational, supply chain, reputational, personnel, IP and compliance risk
How this course works · 1-minute read
Continuing education
Finish every lesson and you can print a completion certificate with the date and an estimated course length. The Institutes decides what counts toward its designations. This course is not offered by or affiliated with The Institutes and does not earn ARM course credit. Keep the certificate with your records.
Associate in Risk Management (ARM)
The Institutes' risk management designation for risk managers, insurance and EHS professionals: three courses (ARM 400 techniques, ARM 401 emerging technology, ARM 402 strategies) plus the free Ethics 311 module, each course with its own 50-question exam. The current curriculum launched in July 2026; the previous course materials had a last test date of September 15, 2026. No prerequisites and no renewal once earned.