Certified Risk Manager (CRM) is a professional designation in finance. This certification is for those working in risk management and related fields, such as financial, insurance, loss control, legal, accounting, and claims specialists. The CRM Program is conducted by National Alliance for Insurance Education and Research.
As of December 2012 there were 3,349 active CRM designees. The CRM is earned after the completion of five practically oriented courses; approximately 70 courses are scheduled in cities across the United States every year. Once the designation is achieved, annual updates are require d by attending a related 2 ½-day course, an annual continuing education requirement.
To earn the CRM designation, participants must complete five courses as below and pass the examinations within five calendar years. Each 2 ½-day course incorporates the use of case studies and integrates the direct application of risk management techniques. Each of the five courses concludes with an optional 2-hour essay examination, which is required for those interested in achieving the designation.
Note that although the program covers the basic concepts of risk management the actual test is developed from the material that is covered in the class as opposed to a recognized standard that many other certifications and designation require. Incorrect information or methodologies may be presented by a speaker and although the information is inaccurate, students will be tested on those inaccuracies.