Massachusetts-based trade body the Private Risk Management Association (PRMA) has unveiled an academy committed to the development of risk management skills and training for advisers.
The PRMA academy programmes are focused on emerging risks, proactive measures to prevent disasters and the art of exceptional customer service.
Lisa Lindsay, executive director of PRMA, told International Adviser: “The academy allows risk advisers serving the high net worth sector to advance their professional development by participating in a curriculum that was specifically designed by high net worth risk professionals for high net worth risk professionals.
“This type of collaborative education process enables them to offer better advice to their clients.
“Clients will also be able to differentiate a risk adviser’s commitment to advanced education by the courses they have completed.
“With the launch of PRMA Academy, there is now an independent voice solely focused on providing education on the ever-changing risk landscape for high net worth individuals and their advisers.”
Types of courses
The academy offers three specialised courses including the Chartered Private Risk and Insurance Advisor (CPRIA) programme, specifically developed to teach professionals how to give better advice to clients.
The second certificate is the Advanced CPRIA (ACPRIA), which allows professionals to raise their profile within the high net worth risk management speciality through a thought leadership programme comprised of peer group collaboration and individual research.
Lastly, the Introduction to Family Office Risk Management course, which opens in June 2019, is a course where professionals learn the skills needed to deliver a risk management strategy to family offices.
The course is for those who want to target prospects in this segment, provide client services to wealthy families, underwrite family accounts or who want to learn more about family offices and their risk management needs.
