200+ Free ARM Practice Questions
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Key Facts: ARM Exam
50
Questions Per Exam
The Institutes
70%
Passing Score
The Institutes
3 courses
Program Length
Plus ethics module
6-9 mo
Typical Completion
The Institutes
$415-515
Per Course Cost
The Institutes
3 of 5
CPCU Core Courses
Fast-track to CPCU
The ARM (Associate in Risk Management) designation requires passing three course exams (ARM 400, 401, 402) plus an ethics module through The Institutes. Each exam has 50 questions in 65 minutes with a 70% passing score. The program covers risk in an evolving world (33%), holistic risk assessment (33%), and risk treatment (25%), plus ethics (9%). ARM covers 3 of 5 CPCU core courses, making it a fast-track to the CPCU designation. Total program cost is $1,245-$1,545.
About the ARM Exam
The Associate in Risk Management (ARM) designation from The Institutes validates expertise in enterprise risk management. The program consists of three courses (ARM 400, 401, 402) plus an ethics module. Each course concludes with a 50-question proctored exam covering risk identification, assessment, and treatment strategies.
Questions
50 scored questions
Time Limit
65 minutes per exam
Passing Score
70%
Exam Fee
$415-$515 per course (The Institutes)
ARM Exam Content Outline
ARM 400: Risk in an Evolving World
Risk concepts, emerging risks, enterprise risk management, risk culture, and the evolving risk landscape
ARM 401: Holistically Assessing Risk
Risk identification, risk analysis, risk assessment frameworks, data analytics, and quantitative methods
ARM 402: Successfully Treating Risk
Risk treatment strategies, insurance solutions, alternative risk transfer, claims management, and loss control
Ethics Course
Ethical Guidelines for Insurance Professionals — free online module with 50-question exam
How to Pass the ARM Exam
What You Need to Know
- Passing score: 70%
- Exam length: 50 questions
- Time limit: 65 minutes per exam
- Exam fee: $415-$515 per course
Keys to Passing
- Complete 500+ practice questions
- Score 80%+ consistently before scheduling
- Focus on highest-weighted sections
- Use our AI tutor for tough concepts
ARM Study Tips from Top Performers
Frequently Asked Questions
What is the ARM designation?
The ARM (Associate in Risk Management) is a professional designation from The Institutes that validates expertise in enterprise risk management. It requires completing three courses (ARM 400, 401, 402) plus a free ethics module, each with a proctored 50-question exam requiring 70% to pass.
How long does it take to earn the ARM designation?
Most candidates complete the ARM program in 6-9 months, spending 4-6 weeks per course. Each course requires approximately 30 hours of study. The total program investment is 90-100 hours plus the ethics module.
How does ARM relate to the CPCU designation?
The ARM designation covers 3 of 5 CPCU core courses, making it one of the fastest paths toward earning the CPCU. If you complete ARM first, you only need 2 additional core courses plus electives for CPCU.
What is the ARM exam format?
Each ARM course concludes with a 50-question proctored exam administered virtually through Talview. Questions may include multiple choice, fill-in-the-blank, drag-and-drop, and numeric entry. You have 65 minutes per exam and need 70% to pass.
Are there prerequisites for the ARM program?
There are no education or experience prerequisites for the ARM program. Anyone can enroll. You must complete all course materials before sitting for each exam. One free retake is included per exam window.