My Insurance Designations – What Are They?
Insurance designations can be very helpful in building a thorough knowledge of the insurance process.
One of the questions that I often receive at Workers Comp presentations is, “What are the initials at the end of my name, and what do they mean?” (AIC, MBA, ChFC, ARM)
AIC – Claim professionals handle a wide variety of claims, including property, auto, workers compensation, and bodily injury claims. Earning the AIC designation can improve your technical claim-handling abilities as well as your communication and negotiation skills. You can take the standard multiline approach, which covers personal lines as well as commercial lines, property, and liability; or, you can choose among four specialty paths if one of them would better suit your career needs.
ChFC – The Chartered Financial Consultant® (ChFC) designation program focuses on the comprehensive financial planning process as an organized way to collect and analyze information on a client’s total financial situation, identify and establish specific financial goals, and formulate, implement, and monitor a comprehensive plan to achieve those goals. The ChFC program provides financial planners and others in the financial services industry with in-depth knowledge of the skills needed to perform comprehensive financial planning for their clients.
ARM – The Associate in Risk Management (ARM) designation is the undisputed professional credential for persons involved in the risk management field. The ARM designation signifies that an individual working in this field has attained a comprehensive understanding of the risk management process, from analysis to implementation and monitoring, risk retention and transfer, and the latest in advanced risk financing techniques. The ARM designation now has different career paths included in its curriculum.
All the designations are offered through the AICPCU institute. The institute is the best place to attain insurance designations.
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