ARM 56: Risk Financing

Resource Material: ID# 1000997
About This Course:
This course provides a conceptual introduction of risk forecasting and risk financing techniques.

This concise and focused study guide covers:

  • Executive summaries of the text
    • Introduction to Risk Financing
    • Risk Financing Objectives
    • Risk Financing Plans
    • Insurance for Risk Financing
    • Reinsurance and Self-Insurance
    • Retrospective Rating Plans
    • Finite Risk Insurance Plans - Integrated Risk Insurance Plans
    • Capital Market Products - Insurance-linked Securities, Insurance Derivatives, and Contingent Capital Arrangements
    • Forecasting Risk Financing Needs - Probability and Loss Forecasting
    • Accounting and Income Tax Considerations In Risk Financing
    • Dealing with Insurers, Intermediaries, and Consultants - Legal Principles
    • Claims Administration: Process, Personnel, and Reserves
    • Allocation of Risk Management Costs
    • Risk Management Decisions Based on Cash Flow Analyses
  • You also will receive a Bonus Book containing:
    • Definitions of Key Words and other relevant definitions
    • Answers to Review Questions
    • Sample Diagnostic Exam
    • Answers to Sample Exam (with explanations!)

Our materials summarize and outline the fundamental concepts of the program, and provide you with to-the-point, time-saving executive summaries to maximize your learning, retention, and pass rates.

In fact, surveys from our customers demonstrate the exceptional value of our program. Specifically, candidates report that:

  • Our Course Guides covered virtually everything on their exams
  • They spent significantly less time preparing for their exams
  • They attained much higher pass rates – 93.8% - compared to other preparation methods!


Burnham's preparation materials have played a key role in helping me to prepare for several exams. Ray's materials help you to organize all of the information and help you to focus on the critical points. This method has helped me to learn the material more effectively ... at a much faster pace. Ray is passionate about his work, and he unequivocally guarantees that you will be satisfied. Thanks for caring Ray ... you and your materials are AWESOME!!
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In the past 2 1/2 years I have completed the INS, API, AIS, and CPCU. I previously had completed INS 21 and 22 before using your study method; I began using The Burnham System with INS 23. I must say that your program with guaranteed results definitely works. In today's society it is very refreshing to receive and use a product that is better than the promise. Your system minimized my study time, which allowed me to focus on the key points. The cost versus results is immeasurable. I appreciate your contribution to the industry,
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Note: This course is required for the ARM Program and an elective for the AMIM designation. It may be taken independently for professional development or in conjunction with other courses to earn the ARM or AMIM designations. Click on either hyperlink for a full description of that designation.
ARM 56: Risk Financing
Price: $295.00
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