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Thread Title: Taking ARM- any advice?
Created On Sunday February 11, 2007 10:55 AM

postscript2
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Sunday February 11, 2007 10:55 AM

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I'm new to this particular forum, however I'm going to be posting here a lot. I'm just starting my ARM classes and hope to pass the national exam.

I've been a claims adjuster for over 17 years and want to break into Risk Management. Does anyone have any suggestions in addition to receiving ARM status as to what else I would need for this transistion?

Thanks!

LCS

maxmoses
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Saturday February 24, 2007 11:32 AM

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Please excuse my ignorance, but I would like to learn about the different jobs, duties, and interest of the different entities in the workcomp arena.
what is ARM, and what does a risk management person do that is different from an adjuster ?
We all have different roles in the workcomp arena and different focuses and points of view. We all would do a better job if we better understood the roles of all the players.

postscript2
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Saturday February 24, 2007 11:47 AM

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Hi Dr. Max:

A risk manager oversees claims and what the adjusters are doing. But that's only a portion of the job. They also gather data to assess loss and be able to predict losses based upon prior experience. They are also involed in loss control to an extent, such as identifying why a certain injury or mechanism of injury repeatedly occurs.

A perfect example is an employer who's injury ratio for slip and fall accidents represents 60% of the claims filed. Major red flag and need for prevention and education. I'm just learning of all the responsibilities now, but it is very diverse and to me very interesting.

Hopefully a risk manager will chime in here.

Have a great weekend!

LCS

LaborFinders
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Wednesday March 14, 2007 3:00 PM

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Another piece of the puzzel for a Risk Manager is knowing the OSHA regulations and how they apply to your business. The Risk Manager may have to appear at OSHA hearings to support the employers position and to argue potential safety violations. They also are usually the ones to deal with all lines of insurance, making sure an employer has enough and the correct insurance for that business' needs. They may also decide if a company should self-insure, go through a captive, set a retention level and what level re-insurance should be at to be best for the employer. If an employer has many locations the Risk Manager may be required to go to different sites and do on-site safety inspections. Basically evaluate any potential risk an employer may incur (this will vary from employer to employer). They may run an employers Safety Program and write or upkeep an IIPP program. All this as well as attend claims review meetings, safety meetings, and oversee the employers claims (workers comp and liability). I hope this helps partially answer your question as i am still learning. This is a great opportunity for adjusters who want to excel and grow.

Gene

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