Associate in Management (AIM) - Explained
What is an Associate in Management?
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What is an Associate In Management (AIM)?
The Associate in Management refers to a professional title program in the property-casualty and risk management insurance industry offering further education in management to mid-level managers. The AIM designation program has a goal of ensuring that it enhances the management and decision-making abilities of professions in the management field.
Back to: Management & Organizational Behavior
What is a Associate In Management (AIM) Certification?
The AIM designation four-course program helps professionals in the management to better understand the management principles and practices. It also helps them to develop team management skills that they can apply in the real-world. In addition, it gives the managers within the insurance firms strategic planning initiatives skills as well as smart business decisions.
The AIM program is generally a designation with undisputed credentials that all management professionals should consider earning. The AIM title is practical and consists of a specific set of skills and practices that are teachable and testable.
How does one earn the AIMs Certification?
The AIM designation certification is given to applicants who successfully complete the required four exams by the Insurance Institute of America. The certification suits those individuals working in managerial positions or for those aspiring to become managers in an insurance firm.
About the Courses and Exams Requirements
The AIM course program is a self-study course that takes about 9-15 months for an applicant to complete. Upon completing the self-taught course, an applicant must take exams made available on the IIA website. In other words, to be awarded the AIM designation, the applicant must successfully study and take exams in the following courses:
- Management practices and principles
- Human resources
- Management Business Organization Today (Current business issues analysis)
Note that an applicant can start the AIM course program at any given time. However, the examination for the course is usually scheduled upon successful completion of the self-study course materials.
Apart from completing the course and the exams, an applicant must also pass the following two courses in ethics for him or her to be awarded the AIM designation:
- Ethical Guidelines for Insurance Professionals Ethics
- The CPCU Code of Professional Conduct
The Cost The entire program will cost an applicant about $1800-2500. The cost covers both the exams and study materials. For an applicant to access the study material and the exam, he or she has to purchase them via the IIA website. The IIA website also provides practice exams to its learners, peer, and customer support.
- What is insurance?
- Captive Agent
- Independent Agent
- Captive Insurance Company
- Combined Ratio
- Claims Adjuster
- Capital at Risk
- Assigned Risk
- Incurred But Not Reported
- Qualified Actuary
- Cession (Re-Insurance)
- Burning Cost Ratio
- What is an insurance contract?
- Accidental Means
- Anti-stacking Provisions
- What is an insurable interest?
- What are the common categorizations of insurance?
- National Association of Insurance Commissioners
- Insurance Regulatory Information System
- American Academy of Actuaries Definition
- American Association of Insurance Services Definition
- American Council of Life Insurance Definition
- American Insurance Association Definition
- American Risk and Insurance Association Definition
- LLoyd's of London
- Associate in Insurance Services (AIS) Definition
- Associate in Loss Control Management Definition
- Associate in Marine Insurance Management Definition
- Associate in Personal Insurance Definition
- Associate in Reinsurance (ARe) Definition
- Associate in Risk Management Definition
- Associate in Commercial Underwriting Definition
- Associate in Insurance Accounting and Finance Definition
- Associate in Surplus Lines Insurance Definition
- Chartered Insurance Professional Definition
- Chartered Life Underwriter Definition
- Chartered Property Casualty Underwriter Definition
- Vehicle insurancePrivate Passenger Auto Insurance Risk Profile
- Underinsured Motorist Coverage
- Uninsured Motorist Coverage
- Omnibus Clause
- Health Maintenance Organization
- Capitated Contract
- Point of Service Plan
- Children's Health Insurance Program
- Disability Insurance?
- Credit Disability Insurance
- Life Insurance?
- Cash Surrender Value
- Absolute Beneficiary
- Acceleration Life Insurance
- Accelerated Benefit
- Accelerated Option
- Accelerative Endowment
- Charitable Gift Life Insurance
- Incontestability Clause
- Waterfall Concept
- Assumed Interest Rate
- Clean Sheeting
- Hazard Insurance
- Homeowners, Renters, and Fire Insurance?
- Participating Community (Flood Insurance)
- Insurance Considerations for Business
- Business Liability Insurance
- Commercial General Liability
- Liability Risk Retention Act
- Excess Insurance and Umbrella Insurance Policy
- Business Interruption Insurance
- Key Person Insurance Definition
- Own-Occupation Policy
- Self-Funded Health Insurance Plan
- Basket Retention Policy
- Commercial Blanket Bond
- Alternative Risk Transfer Market Definition
- Commercial Property Casualty Market Index Survey
- What are the primary obligations of the insurer?
- Earned Premium
- Reservation of Rights Letter
- Collateral Source Rule
- What are the primary obligations of the insured?
- Insurance Premium
- Affidavit of Loss
- What is the general structure of an insurance contract?
- Ambiguity Principle
- Accommodation Line
- What are the common disputed provisions in an insurance contract?
- Absolute Exclusion
- All Risks Clause
- What is required for the termination of an insurance contract?
- Risk Management
- Professional Risk Manager
- Associate in Management (AIM)
- Financial Risk Manager
- Forecasting (Business)
- Objective Probability
- Unconditional Probability
- Enterprise Risk Management (ERM)
- Operational Risk
- Business Recovery Risk
- Political Risk
- Asset Protection
- Performance Bond
- Barra Risk Factor Analysis Definition
- Above Ground Risk (Mining Industry)
- Bumbershoot Policy (Maritime)
- Abandonment Clause (Boat or Vessel)
- Bobtail Liability Insurance (Trucking Industry)
- Anti-Indemnity Statute (Construction)