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ARM Designation – Claims Staff Make Your CV Resume’ Shine

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Venerable ARM Designation – Beyond the AIC For Claims Staff

The ARM Designation may be a good fit and advance your claims career at light speed.

ARM Designation and Hammer Box
Wikimedia Commons License

One of the questions I often receive from  Workers Comp claim staff is – What can I or we do to advance our claims career quickly?   One of the most widely read articles on this website is the AIC (Associate in Claims) designation article.   

The search for that topic means people are searching for ways to advance quickly and show a level of dedication to their claims career.   Having the AIC means that you may likely be placed at the top of the resume or CV pile in any organization.

The #1 question I receive from AIC designees is  ‘What Can I add to my AIC to make me stand out among other job applicants”  or “What is the best path for my future if I want to branch out from claims?”.

The ARM Designation would be the answer.  The AIC shows a commitment to claims where the ARM designation means you are looking for a career possibly beyond claims.

Associate in Risk Management – What Other Organizations Are Saying

RIMS says: (Risk and Insurance Management Society)

To be an effective risk manager, you need to develop the skills that are vital to effectively controlling, assessing, and financing risk. The 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.

ARM helps employees to:

Enhance contribution to the organization’s value by acquiring skills needed to develop effective and thorough risk assessments.
Increase participation in risk control programs through a better understanding of staff motivation.
Support the organization’s overall financial goals by learning to build and implement a balanced risk financing strategy using retention, transfer, and hybrids.

We recommend ARM for: Agents/brokers, agency principals, line of business managers and executives, risk managers, and operational risk staff for banks and insurers.

The Institutes – organization that provides the ARM Designation says:

Associate in Risk Management (ARM™)

Make a real-world impact by gaining a holistic and strategic understanding of risk assessment and treatment.

  • 79% of completers said earning the ARM designation prepared them for their long-term career goals.
  • 79% of those in their career less than 2 years said the ARM accelerated their career
  • 93% of ARM completers would recommend The Institutes’

Hedging at 79% – accelerated their career in 2 years – Payoff!!!

ARM Designation and Expert Witness Work

I have used concepts and often referred to concepts in my ARM textbooks when I write expert witness reports. Local and Federal Judges have agreed with my reports on those concepts often – even ruling for summary judgments using my reports alone.

Writing Risk Manager expert witness reports using “plain speak” concepts that I learned in my ARM curriculum has been one of me fortes’ for over 15 years.

Secret Way To Study For The ARM

Jack Keir’s study guides have long been lauded for students desiring Property and Casualty designations –

You can find Jack Keir here.    My response to using his manuals and practice tests was Whew, that was a relief!

What the Jack Keir organization says about the ARM Designation

ARM – Associate in Risk Management

Recommended for persons who have been working in the risk management field and have some previous experience. Earning this designation requires you to identify and evaluate exposures to both accidental losses and business risks, analyze risk control and financing techniques for each exposure, select of the most effective risk management alternatives, and ways to implement and monitor selected risk control and risk financing techniques.

You have previous Risk Management experience if you have been working claims – you may not have realized it – setting reserves and handling claims is a form of Risk Management – trust me.

The Best of Everything with Designations

Your employer may reimburse you when you complete your AIC or ARM.  Check out your benefits manual.   Getting your AIC, ARM, or other designations and then being reimbursed – wow, the sun shines bright on advancing your career.

Many state licensures will accept the AIC or ARM courses as a credit on your license CEs – usually a large number of hours.

Now go get your ARM designation or other ones.  Good luck!!!

BIG PS – Just In on the ARM Designation!

Kevin Quinley over at the Claims Coach 

Kevin, a long time friend and mentor had this to say about obtaining the ARM: (Good info – he is referring to Workers Comp and the ARM)

Pro’s:  knowledge content that goes beyond just knowing about insurance policies; expanding one’s knowledge horizon to a Big Picture, panoramic perspective on workers compensation issues outside of the insurance mechanism. This includes noninsurance methods of addressing workers’ compensation exposures and loss control/mitigation methods of addressing workers’ compensation exposures.

Another “pro” is that the additional credential is a “signaling mechanism” telegraphing to current and prospective employers and clients that you have mastered a subject matter domain that may set you apart from competitors. It may enhance your market value either to your employer and/or your clients. Further, it is a portable credential that you take with you wherever you go in terms of job changes or career changes. It gives you an opportunity to different differentiate yourself from competitors who may lack that credential.

Give the ARM designation a shot – or the AIC, then the ARM.

 

 

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James Moore

Raleigh, NC, United States

About The Author...

James founded a Workers’ Compensation consulting firm, J&L Risk Mgmt Consultants, Inc. in 1996. J&L’s mission is to reduce our clients’ Workers Compensation premiums by using time-tested techniques. J&L’s claims, premium, reserve and Experience Mod reviews have saved employers over $9.8 million in earned premiums over the last three years. J&L has saved numerous companies from bankruptcy proceedings as a result of insurance overpayments.

James has over 27 years of experience in insurance claims, audit, and underwriting, specializing in Workers’ Compensation. He has supervised, and managed the administration of Workers’ Compensation claims, and underwriting in over 45 states. His professional experience includes being the Director of Risk Management for the North Carolina School Boards Association. He created a very successful Workers’ Compensation Injury Rehabilitation Unit for school personnel.

James’s educational background, which centered on computer technology, culminated in earning a Masters of Business Administration (MBA); an Associate in Claims designation (AIC); and an Associate in Risk Management designation (ARM). He is a Chartered Financial Consultant (ChFC) and a licensed financial advisor. The NC Department of Insurance has certified him as an insurance instructor. He also possesses a Bachelors’ Degree in Actuarial Science.

LexisNexis has twice recognized his blog as one of the Top 25 Blogs on Workers’ Compensation. J&L has been listed in AM Best’s Preferred Providers Directory for Insurance Experts – Workers Compensation for over eight years. He recently won the prestigious Baucom Shine Lifetime Achievement Award for his volunteer contributions to the area of risk management and safety. James was recently named as an instructor for the prestigious Insurance Academy.

James is on the Board of Directors and Treasurer of the North Carolina Mid-State Safety Council. He has published two manuals on Workers’ Compensation and three different claims processing manuals. He has also written and has been quoted in numerous articles on reducing Workers’ Compensation costs for public and private employers. James publishes a weekly newsletter with 7,000 readers.

He currently possess press credentials and am invited to various national Workers Compensation conferences as a reporter.

James’s articles or interviews on Workers’ Compensation have appeared in the following publications or websites:

  • Risk and Insurance Management Society (RIMS)
  • Entrepreneur Magazine
  • Bloomberg Business News
  • WorkCompCentral.com
  • Claims Magazine
  • Risk & Insurance Magazine
  • Insurance Journal
  • Workers Compensation.com
  • LinkedIn, Twitter, Facebook and other social media sites
  • Various trade publications

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