Risk Management Education Goes Global

Article excerpt

Last year, people in more than 30 countries studied the Insurance Institute of America's (IIA) Associate in Risk Management (ARM) program and took one or more of the three ARM examinations. Thanks in part to the support the ARM program has received from RIMS since its development in 1965, it is growing not only in numbers---more than 17,000 people now have earned the designation but also in influence and reputation within the international risk management community.

As a result of several agreements IIA has signed recently with educators in France, Australia and Germany, the ARM program is becoming more readily available and meaningful in those countries.

The French ARM program, with more than 40 participants, is the largest. The first class of 12 French ARMs received their designations and diplomas in Strasbourg in January. The diplomas were presented by Dr. Donald R. Oakes, IIA senior vice president, at the annual meeting of the Association pour le Management des Risques et des Assurances de l'Entreprise (AMRAE). The French ARM program was developed by IIA in cooperation with AMRAE and the Centre National de Prevention et de Protection (CNPP).

Jean-Paul Louisot, a French academic with extensive risk management experience, has translated the ARM texts and course guides--ARM 54, Essentials of Risk Management, ARM 55, Essentials of Risk Control and ARM 56, Essentials of Risk Financing--into French. He simultaneously adapted the material to meet the needs of the European market. AMRAE and CNPP publish and distribute the French texts and course guides under an agreement with HA. Classes are offered in Paris and Bordeaux.

IIA is responsible for developing and grading the French-language ARM exams, with advice and assistance from Mr. Louisot and other representatives of AMRAE and CNPP. Bilingual graders who hold the ARM designation and are familiar with risk management practices in the United States and France grade the French-language examinations as well as those given in English. In this way, we eliminate the need and potential difficulties of translating students' answers, and all ARM exams are graded to a uniform standard.

IIA also has worked with the Australian Risk and Insurance Management Association (ARIMA), which has determined that the ARM program can meet the educational needs of Australian risk managers with only modest changes. ARIMA has the opportunity to identify topics that are not applicable to the Australian situation--especially in the area of risk financing--and prepare supplementary readings to replace those topics. …