Last week I took my second course in the Certified Risk Manager series, Risk Analysis. I remember the happy day my sophomore year of college when I took the last math class I needed to take. The happiest day of my college life. Little did I know over 20 years later, I'd be sitting in a class learning triangulation, standard deviation, and the coefficient of determination!
Risk Analysis has an awful lot of calculations, probability, and statistics. If it weren't for taking the test, I may have enjoyed it more! After 20 years in the industry, I finally learned where rates are derived from..actually a very interesting process.
I encourage any of you in the insurance business to take a CRM or ARM class. Even if you don't want the designation, there is a lot to learn about how risks are analyzed and priced. I just hope I passed the test so I don't have to sit through it again!
Dan
P.S. Need some education on how to shop for your insurance? Go to my online store and check out Your Eight Really Cool Rules for Better Insurance Buying. It will help you make the right decision on your insurance and save you time and frustration.
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