ARM 56 Risk Financing

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Immediate Access to Class Lectures

Live online class begins 1/6/20 and ends 3/9/20 Mondays at 7:30 – 9:00 pm ET Must be able to take exam by 3/15/20 to earn credit under the old ARM program.

If you are joining the live weekly class, please make sure you read the first chapter, watch the lecture recording, and complete your course guide BEFORE class. The live class time will be student interactive application exercises. If you do not do the prep work prior to class, you will be lost.

To access over 19 hours of class recordings based on existing course materials, register to become a member of PrepAdemy by clicking the link above. To pay for access to the recordings: Once you receive your ID/password, navigate back to this page and click on the button “Register for $279” to pay for access to the recordings using a credit card. If you would like to pay by check please call 480-895-0060.

You must already have the ARM 56 text and course guide as sales of this book are no longer available. ARM 56 is changing to ARM 402.

ARM 56 Risk Financing is one of three courses needed to earn the Associate in Risk Management designation. ARM 56 is considered an advanced course.

Chapter 1 – Introduction to Risk Financing
Chapter 2 – Estimating Hazard Risk
Chapter 3 – Transferring Hazard Risk Through Insurance
Chapter 4 – Self-Insurance Plans
Chapter 5 – Retrospective Rating Plans
Chapter 6 – Reinsurance
Chapter 7 – Captive Insurance
Chapter 8 – Contractual Risk Transfer
Chapter 9 – Transferring Financial Risk
Chapter 10 – Transferring Hazard Risk to the Capital Markets
Chapter 11 – Allocating Costs of Managing Hazard Risk


These class recordings (combined with textbook and course guide study) will help guide you through the course and help you to prepare to take the ARM 56 exam at Prometric or at an Onsite Testing Center. Each chapter recording is up to 2 hours of instruction. Books and exam fees are not included in the cost of access to the class recordings. The fee to access the class recordings is $279.

Learn more about the Associate in Risk Management.


ARM 56 – Risk Financing will help:

  • Support your organization’s overall financial goals by learning to design and implement retention, transfer, and hybrid risk financing techniques
  • Estimate losses arising from hazard risk by applying loss forecasting techniques
  • Design alternative risk transfer (ART) programs for hazard risk, including self-insurance and captive insurance
  • Increase your organization’s financial flexibility by transferring financial and hazard risk to the capital markets